Earned Value Management System In The Application Of The Wing Fai Clothing Company

Nowadays, the market competition is more and more intense, especially in the uniform industry. After many years of development, China becomes a big exporter of textile products. Meanwhile, the uniform industry undergoes the process from copying to designing. So to say, now, the domestic uniform industry enters a period of adjustment and transition. It is beyond question that some companies will be phased out and other companies will be the uniform industry magnate. Also, controlling cost and improving performance will be the key of how to take on this competition and emerge victorious for the company.In 1996, the American Department of Defense established EVM. In 1998, EVM widely applied in the government of USA. In 2000, it was used in the software and project field in China.Theme Corporate Fashion Ltd. is one of the subsidiaries of the Hong Kong leading fabric and garment manufacturer, High Fashion International Limited. It was founded in 1986. The headquarters were moved to Shenzhen in May, 2005. Till June of 2006, loss attributable to shareholders lasts 3 years. So the company's contemplation takes new measures to realize the profit. The most important new measure is taking EVM, the combination of cost control and time control, to reduce cost, instill enthusiasm and bolster morale so that the company gets profits.