Improving the Production Process in STARA SOCKS Ltd.

STARA SOCKS Ltd. is a company which main activity is the production of socks and tights. The output produced by the enterprise is realized almost exclusively in the international market. The company's management relies on a strong marketing approach, understanding customer behavior and implementation of best management practices in terms of production processes and staff motivation and development. With a customer orientation as highest priority, the guiding principles are ensuring customer satisfaction and adding value to the customer through focusing in processes needed to achieve them. The quality of marketed products is not a formal requirement for the European market but rather the sine qua non of the continuation of cooperation and collaboration with partners. The increased numbers of orders in recent years, both in quantity and in quality requirements, necessitate investments in improving both the products’ quality and the enterprise’s business processes. For a successfully continuation of the work for its clients, to retain and expand its market position, and to respond to the growing number of orders, STARA SOCKS plan to introduce a multifunctional platform for designing, engineering and manufacturing. It will automate and optimize a significant part of production processes and this in turn will reduce the human factor in the context of manufacturing errors, will prevent unnecessary operations, and will minimize manual operations that do not guarantee uniformity of the stated quality performance of company products. Also, the platform will expand the opportunities for producing small series of goods in short periods of time. A successful realization of proposed project will have significant effect in terms of improving the production capacity, increasing the products’ quality, increasing the range of models offered, and expanding the markets.

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Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 07 Jun, 2017
Contract date 23 Dec, 2015
View in UMIS

Beneficiary

Financial information

Total cost 702,200.00
Grant 491,540.00
Self finance 210,660.00
Total paid 440,645.88
EU participation percent 85.0%

Location