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Industrial Transformation Partner — Est. 2014

We Don't
Advise.
We Transform.

Panacea embeds on the factory floor — designing systems, implementing change, tracking KPIs, and building the internal capability for teams to sustain gains independently.

12+
Years of Transformation
107+
Factory Engagements
4
Countries of Operation
22+
Specialist Consultants

A Different
Kind of
Partner

Most consultants diagnose, prescribe, and exit. Panacea designs, implements, measures, and builds internal capability — on your floor, with your people.

"Implementation is the only truth of consulting."

— Dr. Azim Mohammad, PMP | Managing Director

Embedded Implementation
We design and implement on the factory floor — not from a boardroom. Our consultants work alongside your teams until results are delivered.
Proprietary Frameworks
IE-X™, 8-Point Dashboard, and LCI Model — purpose-built from 12 years of hands-on RMG and manufacturing transformation work.
KPI-Contracted Results
Engagements are structured against quantified KPI targets. We are accountable to the numbers, not just the process.
Capability That Sustains
We build internal teams capable of sustaining improvement independently. Our exit is planned from day one — your team owns the results.
Sector-Deep Expertise
RMG, Textile, and Manufacturing — floor-level depth that no generalist firm can replicate. We speak the language of your production system.
Integrated Digital Layer
ERP and production tracking through Panacea Tech (Panamach) — digital transformation is native to our model, not an afterthought.

Eight Service Lines.
One Transformation Goal.

01
Manufacturing Excellence
End-to-end factory performance improvement: line efficiency, throughput, capacity, and CPM optimization.
+15–25% Production Increase
02
Industrial Engineering
SMV design, work measurement, line balancing, method engineering, NPT and bottleneck elimination via IE-X™.
+15–20% Efficiency Gain
03
Lean Transformation
Full-spectrum lean deployment: 5S, VSM, SMED, Kaizen culture, and waste elimination across the value chain.
−30–40% Changeover Reduction
04
Organizational Transformation
Management system redesign, KPI governance, RACI frameworks, accountability structures, and leadership development.
Governance Clarity
05
Lean–Circular Integration
Simultaneous optimization of lean efficiency and circular economy metrics: fabric yield, energy, water, waste-to-value.
ESG Score Improvement
06
ERP & Digital
RMG ERP deployment (Panamach), real-time production tracking, machine OEE monitoring, TPM digitization.
Real-Time Floor Visibility
07
Turnkey Factory Setup
End-to-end new factory design: layout, infrastructure, machine planning, manpower modeling, SOP development.
Operational from Day 1
08
Business Strategy
Market positioning, cost structure optimization, buyer readiness, compliance strategy, and growth roadmap design.
Margin & Export Growth

Methodology Built
on the Factory Floor

Panacea does not apply generic consulting frameworks. Every engagement is driven by proprietary systems developed from 12+ years of hands-on RMG and manufacturing work.

8-Point Performance Dashboard
IE-X™ System
Lean–Circular Integration (LCI)
Minds On → Hands On → Hearts On
+25%
Production Increase
+20%
Efficiency Growth
<8
DHU Target
−40%
Changeover Reduction
−15%
CPM Reduction
Trusted by leading organizations across Bangladesh, Myanmar & beyond
Tusuka Group
AiB Asian Apparel
Walton Hi-Tech
Four H Group
Mars Clothing
Majumder Group
Clifton Group
KPH
Well Group
APT International
Swisscontact
BGMEA-SEIP
Aalborg University
Chittagong Fashion Group

Ready to Engineer
Performance?

Schedule an initial consultation. We will assess your factory's current state and outline a transformation roadmap with quantified KPI targets.

Built on the
Factory Floor.

Since 2014, Panacea has embedded itself on the factory floor — designing systems, implementing change, tracking results, and building internal capability. Our clients don't receive reports. They receive transformation.

Who We Are

Panacea Private Consulting Group (PPC) is a transformation-driven consulting firm headquartered in Chattogram, Bangladesh. We specialize in the apparel, textile, and broader manufacturing sectors across South Asia — serving factories, corporate groups, and international development organizations.

Founded in 2014, PPC has grown from a factory-floor practice into a full-spectrum industrial transformation partner with 22+ specialist consultants, 4 proprietary frameworks, and over 107 documented factory engagements across Bangladesh, Myanmar, and beyond.

"Implementation is the only truth of consulting."

Our Origin

Panacea was founded with a clear conviction: the consulting industry in South Asia had long been characterized by recommendations without accountability — firms that diagnose, prescribe, and exit. We built a fundamentally different model.

Our founders came from the factory floor — industrial engineers who understood that real change is not achieved through PowerPoint presentations, but through embedded presence, disciplined measurement, and relentless follow-through. That founding DNA shapes every engagement we take on today.

Our Philosophy

We operate as embedded implementation partners. We do not advise from a distance. We design, implement, measure, and build capability on the ground — alongside the teams who will own the results after we leave.

The Bangladesh RMG sector stands at an inflection point. Cost pressure from global buyers, compliance expectations from development partners, and the acceleration of digital manufacturing demand a consulting partner that combines industrial engineering rigor with people-centered change management. Panacea is that partner.

Our Positioning

Panacea is positioned as an Industrial Transformation Partner — not a training provider, not a compliance auditor, and not a generic management consultant. The distinction is structural, not cosmetic.

Dimension Typical Firm Panacea
Approach Recommend, train, and exit Diagnose, design, implement, track KPIs
Deliverable Reports and presentations Measurable operational outcomes
Methodology Generic frameworks Proprietary IE-X™, 8-Point Dashboard, LCI
Team Profile Generalist advisors Industrial engineers + lean practitioners
Sustainability Client-dependent Internal capability built into the organization
Sector Depth Cross-industry RMG/Textile — deep, floor-level expertise
Digital Add-on service Native ERP & tracking via Panacea Tech

Our Vision

To become South Asia's most trusted industrial transformation partner — recognized not for the quality of our presentations, but for the measurability of our impact and the permanence of the capability we build within organizations.

At a Glance

Founded2014
HQChattogram, Bangladesh
SectorsRMG, Textile, Manufacturing
OperationsBD, Myanmar & International
Team22+ Specialists
Engagements107+ Factories
Frameworks4 Proprietary Systems
ApproachEmbedded Implementation
Lead Consultant
Dr. Azim Mohammad
PMP | PhD Lean Manufacturing
15+ years of hands-on industrial transformation experience. Founder of IE-X™ and LCI frameworks.
View Full Profile →

Eight Service Lines.
One Transformation Goal.

Eight integrated service lines designed to deliver measurable industrial transformation — from factory floor to boardroom strategy.

01
Manufacturing Excellence
+15–25% Production ↑

−10–15% CPM ↓
What We Do

End-to-end factory performance improvement covering line efficiency, throughput, capacity utilization, and cost-per-minute (CPM) optimization.

How We Do It
  • Baseline assessment and KPI measurement
  • Gap analysis and root cause mapping
  • System redesign and pilot implementation
  • Scale-up with continuous KPI tracking
Business Impact
  • +15–25% sustained production increase
  • −10–15% cost-per-minute reduction
  • Improved throughput and capacity utilization
  • Structured governance for floor performance
02
Industrial Engineering
+15–20% Efficiency ↑
What We Do

SMV system design, work measurement, line balancing, method engineering, NPT analysis, and bottleneck elimination using the IE-X™ operating model.

How We Do It
  • IE-X™: SMV → Planning → Execution
  • Real-time monitoring and intervention
  • KPI dashboard and trend analysis
  • Corrective action and accountability loop
Business Impact
  • +15–20% sustained efficiency gains
  • Accurate SMV setting and planning
  • Reduced non-productive time (NPT)
  • IE function embedded in management
03
Lean Transformation
−30–40% Changeover ↓
What We Do

Full-spectrum lean deployment: 5S, Value Stream Mapping, SMED, Kaizen culture, and systematic waste elimination across the entire value chain.

How We Do It
  • Lean roadmap design and sequencing
  • Structured Kaizen events
  • Supervisor-led continuous improvement cells
  • Daily GEMBA routines and coaching
Business Impact
  • −30–40% changeover time reduction
  • Measurable WIP and NPT reduction
  • Supervisor-led CI culture embedded
  • Self-sustaining improvement cadence
04
Organizational Transformation
Governance Clarity
What We Do

Management system redesign, KPI governance, RACI framework development, accountability structures, and leadership development programs.

How We Do It
  • Structured organizational diagnostics
  • Management system design
  • RACI alignment and KPI dashboards
  • Leadership coaching and accountability routines
Business Impact
  • Clarity in roles, responsibilities, decisions
  • Reduced escalation cycles
  • KPI governance embedded at every level
  • Leadership capability development
05
Lean–Circular Integration (LCI)
ESG Score ↑

Resource Cost ↓
What We Do

Simultaneous optimization of lean efficiency and circular economy metrics — fabric yield, energy, water consumption, and waste-to-value conversion.

How We Do It
  • Proprietary LCI model integration
  • Lean waste logic + circular KPIs
  • ESG compliance target mapping
  • Buyer-ready ESG reporting structure
Business Impact
  • Reduced resource and fabric waste costs
  • Improved ESG score and buyer positioning
  • Compliance readiness for international buyers
  • Profitability and sustainability — simultaneously
06
ERP & Digital Transformation
Real-Time Visibility
What We Do

RMG-specific ERP deployment (Panamach), real-time production tracking, machine OEE monitoring, and TPM digitization for data-driven floor management.

How We Do It
  • Needs assessment and configuration
  • Panamach ERP setup and data pipeline
  • Floor terminal deployment and training
  • Go-live support and performance monitoring
Business Impact
  • Real-time visibility into floor performance
  • Data-driven production decisions
  • Machine OEE tracking and improvement
  • Digital transformation native to operations
07
Turnkey Factory Setup
Operational from Day 1
What We Do

End-to-end new factory design: layout planning, infrastructure, machine selection, manpower modeling, SOP development, and compliance framework.

How We Do It
  • Layout design and machine planning
  • Organogram and manpower modeling
  • Cost simulation and ROI/ROR analysis
  • Compliance framework and SOP library
Business Impact
  • Operational readiness from Day 1
  • Optimized layout for maximum throughput
  • Clear cost and ROI projections
  • Compliance-ready from the start
08
Business Strategy & Development
Margin & Export Growth
What We Do

Market positioning, cost structure optimization, buyer readiness assessment, compliance strategy, and comprehensive growth roadmap design.

How We Do It
  • Financial modeling and cost-objective analysis
  • Buyer segmentation and positioning
  • Strategic market positioning
  • Growth roadmap and milestone planning
Business Impact
  • Improved margin structure
  • Export growth readiness
  • Buyer-aligned compliance positioning
  • Actionable, KPI-linked growth roadmap

Ready to discuss your transformation?

Request Consultation

Intellectual Rigor.
Floor-Level Reality.

Panacea does not apply generic consulting frameworks. Every engagement is driven by proprietary systems developed from 12+ years of hands-on RMG and manufacturing work.

Framework 01
8-Point Performance Dashboard

KPI governance across the full factory system. A comprehensive measurement architecture that tracks every dimension of factory performance — from planning to governance — in a single integrated view.

Purpose

To give factory leadership a single integrated view of operational health — moving from reactive firefighting to proactive, data-driven governance.

Point 1
Planning
Order-to-cut ratio, capacity utilization, production planning alignment
Point 2
Productivity
Efficiency rates, OEE, operator performance index
Point 3
Quality
DHU, alteration rate, inline defect rate, end-line pass rate
Point 4
Cost
Cost-per-minute (CPM), overhead absorption, cost variance
Point 5
Delivery
On-time delivery rate, T&A adherence, shipment compliance
Point 6
Resource
Man-machine ratio, absenteeism rate, resource utilization
Point 7
Stability
Non-productive time (NPT), line balancing loss, flow disruption index
Point 8
Governance
SOP adherence rate, RACI compliance, management review cadence
Framework 02
IE-X™ System

Industrial Engineering as a management operating model. IE-X™ transforms industrial engineering from a technical function into the central operating system of factory management — from SMV design through institutionalized accountability.

Core Principle

IE is not a department. It is the operating system of the factory — connecting every decision from planning to production to accountability.

Stage 1
SMV Design
Accurate standard minute value setting through time and motion study. The foundation of every production calculation.
Stage 2
Planning
Capacity and manpower planning built on validated SMV data. Eliminates guesswork from production scheduling.
Stage 3
Execution
Real-time floor monitoring and on-the-spot intervention. Plans are executed with discipline and visibility.
Stage 4
Monitoring
KPI dashboard and trend analysis. Performance is visible, measurable, and reviewed systematically.
Stage 5
Control
Corrective action system and accountability loop. Gaps are identified, owned, and closed with structured follow-through.
Stage 6
Institutionalization
IE function embedded permanently in management routine. The system sustains independently after Panacea exits.
Framework 03
Lean–Circular Integration (LCI)

Profitability and sustainability — simultaneously. The LCI Model integrates lean waste elimination logic with circular economy principles, enabling factories to improve operational efficiency and ESG performance in a single coordinated program.

Unique Advantage

The only framework that simultaneously addresses operational efficiency and ESG compliance — positioning factories for international buyer requirements.

Layer 1
Lean Efficiency
Eliminate non-value-adding activities across the production chain
Layer 2
Circular Economy
Fabric yield, energy, and water optimization for resource circularity
Layer 3
ESG Integration
Sustainability KPIs tracked alongside operational KPIs in a single dashboard
Layer 4
Circular KPI Dashboard
Resource metrics alongside production metrics for unified visibility
Layer 5
Buyer Compliance
ESG-ready positioning and documentation for international buyers
Framework 04
Minds On → Hands On → Hearts On

The Panacea Transformation Methodology. A structured three-phase approach to organizational change that moves beyond skill transfer to create genuine ownership — the foundation of self-sustaining improvement culture.

Outcome

Self-sustaining improvement culture where teams own the results and continue improving after Panacea's engagement concludes.

Phase 1
Minds On
Cognitive alignment. Building understanding of why change is necessary and what success looks like. Leaders and teams understand the business case for transformation.
Phase 2
Hands On
Skill building through doing. Learning happens on the floor, in real conditions, with real data. Supervisors and teams develop the practical capability to implement and sustain change.
Phase 3
Hearts On
Ownership creation. Building intrinsic motivation — the point where teams pursue improvement not because they are told to, but because they believe in the value of what they are building.

KPI-Contracted.
Results Delivered.

Panacea engagements are contracted against quantified KPI targets. Results below represent typical project outcomes across factory transformation engagements.

+25%
Production Increase
+20%
Efficiency Growth
<8
DHU Target
−40%
Changeover Reduction
−15%
CPM Reduction

Measurable Change.
Every Metric.

Metric Before Panacea Intervention Applied After Panacea
Line Efficiency 45–55% IE-X™ system, line balancing, SMV correction, NPT elimination 60–72%+
DHU (Defects per 100 Units) 12–18 Inline QA system, Kaizen events, root cause corrective action Below 8
Changeover Time 60–90 minutes SMED events, standardized changeover procedure 30–45 minutes
Cost Per Minute (CPM) BDT 4.0–5.5 Throughput optimization, waste elimination, resource planning BDT 3.5–4.5
Non-Productive Time (NPT) 20–30% NPT tracking, bottleneck resolution, flow redesign Below 12%

Built In, Not Bolted On

KPI-Linked Contracts

Engagements are structured against measurable KPI targets. Panacea's accountability is written into the project scope — not implied.

Capability Transfer

Internal teams are trained and certified to sustain gains. Supervisors and IE teams own the system before Panacea exits the engagement.

Dashboard Governance

The 8-Point Dashboard remains as an operating tool — governance routines, review cadences, and accountability structures that keep performance visible.

See What's Possible
in Your Factory

Start with a baseline assessment. We measure where you are, identify the opportunity, and propose a KPI-linked transformation roadmap.

Trusted by Industry.
Validated by Results.

Panacea has partnered with over 107 organizations across Bangladesh, Myanmar, and beyond — spanning factory-floor transformation, international development programs, and academic research collaboration.

RMG & Apparel — Bangladesh
Tusuka Group
AiB Asian Apparel
Walton Hi-Tech Industries
Four H Group
Mars Clothing Limited
Essential Clothing Limited
Majumder Group
Piash Garments
Outsource Experts Ltd.
Clifton Group
KPH Group
Esprit Apparel Ltd.
Shangu Tex-2 Limited
Well Group
APT International
Alliance and Composite Ltd.
Chittagong Fashion Group
Khantex Fashions Limited
Bogart Lingerie (Yangon)
Development Program & Academic Partners
Organization Role Scope
Swisscontact – PROGRESS Implementation Partner Lean, Industrial Engineering, and workforce development across multiple factories
Swisscontact – BYETS Implementation Partner Lean Circular Intervention — LCI model deployment
BGMEA – SEIP Official Training Provider Operator and supervisor skill upgrading at sector scale
Aalborg University, Denmark Research Partner POHS-BD: Lean + OHS in RMG factories (12 factory study)
Southern Denmark University Research Partner NIPOHS-BD: Productivity & OHS Network (25 factory study)
Yangon Technological University Research Partner Myanmar RMG productivity research and capacity building

Structured.
Disciplined. Accountable.

Every Panacea engagement follows a structured 7-phase transformation lifecycle, adapted to factory scale, sector complexity, and project scope.

From Baseline to Self-Sustaining Performance

Phase 01 — Baseline Assessment
Measure Before You Move

Comprehensive factory audit, KPI measurement, and data collection. We establish an objective baseline — production efficiency, quality metrics, NPT, CPM, governance gaps — before any intervention begins. No assumptions. Only evidence.

Phase 02 — Gap & Opportunity Map
Identify What Matters Most

Root cause analysis, prioritized opportunity sizing, and gap mapping. We identify where the highest-value improvement opportunities exist and sequence interventions for maximum impact. Output: a prioritized transformation roadmap with quantified potential.

Phase 03 — System Design
Engineer the Solution

IE system design, lean transformation roadmap, governance structure, RACI framework, and KPI dashboard architecture. Solutions are designed specifically for your factory's context — not adapted from a generic template.

Phase 04 — Pilot Implementation
Test, Measure, Refine

Pilot deployment on selected lines or departments. We test the designed systems in real conditions, measure results against KPI targets, and refine the approach before full-scale rollout. Risk is managed. Learning is institutionalized.

Phase 05 — Scale-Up Execution
Full Deployment

Full factory deployment with project management discipline, milestone tracking, and weekly review cadence. Embedded consultants manage the rollout — on the floor, with your teams — until KPI targets are achieved.

Phase 06 — Capability Building
Transfer Ownership

Training and certification of supervisors, IE teams, and management in the systems they will operate independently. Capability building is not a training course — it is structured, on-the-job skill transfer with accountability checkpoints.

Phase 07 — KPI Tracking & Sustain
Lock In the Gains

Dashboard monitoring, structured review cadence, governance routines, and formal KPI sign-off. We do not exit until your internal team can sustain and improve the results independently. The 8-Point Dashboard remains as the operational governance tool.

Three Ways to Engage

Start with a
Consultation Call

We scope every engagement carefully. Tell us about your factory and your goals — we will propose the right engagement model and outline a KPI-linked roadmap.

Engineers Who've
Done the Work.

Panacea's strength lies in its team — industrial engineers who have worked on the factory floor, academics who have researched manufacturing systems, and practitioners who have designed and implemented change in real conditions.

AM
Managing Director & Lead Consultant
Dr. Azim Mohammad, PMP
BSc in IPE (SUST) | MSc (BUET) | PhD in Lean Manufacturing | PMP Certified

Dr. Azim Mohammad brings 15+ years of hands-on industrial transformation experience across RMG, textile, and manufacturing. He is the founder and designer of Panacea's proprietary IE-X™ operating model and the Lean–Circular Integration (LCI) framework — both developed from field-tested experience across 100+ factory engagements.

Beyond practice, Dr. Azim serves as a research partner to Aalborg University (Denmark) and Yangon Technological University — contributing to academic studies on lean manufacturing, occupational health and safety, and productivity in RMG factories. He is a recognized voice in Bangladesh's industrial transformation discourse and a regular contributor to sector-level programs under BGMEA and Swisscontact.

Engr. Morshed Ul Hasan
AVP
BSc Textile | MBA (CU) | PMP | CSSBB
Engr. Tareq Bin Habib
AVP
BSc Textile | PGD IE & Lean
Engr. Kazi Tousif Azim
Senior Consultant
BSc IPE (SUST) | MSc (USA) | PMP
Engr. Shohag Mollah
Senior Consultant
BSc Textile | PGD IE
Engr. Hasan Uddin
Senior Consultant
BSc Textile | PGD IE & Lean
Engr. Avijit Neogi
Senior Consultant
BSc Textile | MBA in Textile
Engr. Mir Raisul Islam
Senior Consultant
BSc Textile | PGD IE & Lean
Engr. Taslima Akter Bithi
Senior Consultant
BSc IPE
Dr. Muztaba Ahmed
Strategic Consultant
PhD in OM | MBA | MSc
Dr. Syed Arafat Bin Rahman
Strategic Consultant
PhD in EE | MSc (USA)
Dr. Abu Hamja
OSH Expert
Occupational Health & Safety Specialist
Engr. Shiful Islam
Associate Consultant
BSc Textile | PGD IE & Lean
Engr. Hazzazur Rahman
Associate Consultant
BSc Textile | PGD IE & Lean, SCM
Engr. Wajadul Islam Nuri
Associate Consultant
BSc Textile | PGD IE & Lean
Engr. Shakhawat Hossain
Assistant Consultant
BSc Textile
Engr. Rimon Chowdhury
Assistant Consultant
BSc Textile | MBA in Textile
Engr. Shofiul Islam
Assistant Consultant
BSc Textile | PGD IE & Lean

End-to-End
Industrial Support.

PPC operates as the consulting core of a broader industrial ecosystem, enabling comprehensive support for factory transformation, workforce development, technology deployment, and employment placement.

Core | Industrial Transformation
Panacea Private Consulting Group

The consulting core of the ecosystem. Full-spectrum industrial transformation across manufacturing excellence, industrial engineering, lean transformation, organizational design, ERP deployment, and business strategy. Serving factories, corporate groups, and development organizations across South Asia.

View Services →
ERP & Digital Manufacturing
Panacea Tech

RMG-specific ERP and digital manufacturing intelligence. Panamach — Panacea Tech's core product — delivers real-time production tracking, machine OEE monitoring, and data-driven floor management. Digital transformation is native to the Panacea model, not an add-on service.

Product: Panamach ERP
Workforce Development
Institute of Apparel Management (IAM)

Structured training programs for operators, supervisors, and factory management. IAM delivers the skills Bangladesh's RMG talent pipeline needs — from sewing operator certification to industrial engineering practice. Official training partner to BGMEA-SEIP.

Partnership: BGMEA-SEIP
Workforce Placement
Kormee Selai Shilpho

Connecting skilled garment workers to factory demand. Kormee Selai Shilpho bridges training outcomes to employment — ensuring that workforce development translates to productive deployment. Closing the loop between skill and placement in Bangladesh's RMG sector.

Sector: Bangladesh RMG

Why the Ecosystem Matters

No other consulting firm in South Asia offers this integrated capability — from factory transformation consulting, to digital ERP deployment, to workforce training, to employment placement. Panacea clients access the full chain of industrial support through a single, coordinated partner.

Let's Transform
Together.

Begin with a consultation call. We will assess your situation, outline the opportunity, and propose a KPI-linked engagement — with zero obligation.

Start the Conversation

Every engagement begins with a conversation. Tell us about your factory, your challenges, and your goals. We will respond within 24 hours with a proposed next step.

Headquarters
Chattogram, Bangladesh
Operations
Bangladesh · Myanmar · International

Client Types We Serve

RMG & Textile Factory Groups
Industrial Conglomerates
Development Organizations (Swisscontact, GIZ, IFC)
Government & BGMEA Programs
New Investors (Turnkey Projects)
How to Engage
1. Initial consultation call to scope the engagement
2. Baseline assessment visit to your factory
3. Proposal with KPI-linked deliverables and timeline
4. Project kick-off and embedded deployment

Request a Consultation