The supply chain is the relationship between retailers, distributors, transporters and suppliers. A supply chain as the network supplies a specific material to the customer (Borgström, 2012). All these components help the production, delivery and the sale of a products and services that are available to the consumers. There are three key components that make up the supply chain. They are supply, manufacturing and distribution (Wise Geeks, 2012). Supply main focuses are on the raw materials that are supplied to the manufacturing which include when, how and from which destination the materials are traveling from. During the manufacturing steps this is when the raw materials are converted into the final outputs and the distribution make sure the finish products arrive to the organization’s shelves for the consumers.…
As the need for companies to condense costs and prices while improving customer service and product quality. The supply chain is the set of processes that encompasses everything from sourcing, transportation, manufacturing, distributing, wholesaling, retailing, and final delivery of goods. Supply chain management has become a progressively more significant factor of corporate strategy over the past several years.…
In order to remain competitive, a company must offer superior quality goods or services at the lowest prices possible. Supply chain enables a company to reduce the cost while increasing the efficiency. However, there are risks that are associated with such benefits. These issues should be properly addressed when a company is trying to rely heavily on supply chain management in order to stay competitive within its industry.…
-The supply chain can dramatically impact a company’s base performance in many ways. The supply chain has multiple stages and typically involves more than one party. In order for the supply chain to correctly flow through its stages, every party needs to play their role in the chain correctly. For example, the…
Supply chain is the beginning of a business production. A business must have a supply chain in order to be able to receive products and to distribute them. The definition of supply chain is described as a certain network of other companies that works together to both serve the customer, and the consumer (Supply Chain, 2015). A supply chain is the main link between a business and its consumers. When a consumer purchases a product from a business it comes from a line of other companies. The product might come from one store that manufactures the product, then is sold to another store for a goods price, next it is sold to the customer at the price they are willing to pay. Supply chains are not always used to their full extent. Many companies are unaware of what really goes on within their supply chain. There are businesses that do not know the information flow of the supply chain, and only really focus on the visible aspect. This results in the miscommunication and the potential to use the supply chain to its maximum potential (Handfield, 2011).…
However, the appearance of fast fashion has reduced the problem of large inventory. Fast fashion is part of the fashion industry that has developed in Europe. It can satisfy the preferences of the rapidly changing major young women who want to follow fashion trends but at a low cost. The emergence of fast fashion has enabled consumers to purchase high-end fashion content at a fraction of the price. But, the range of fast fashion products is very limited.…
Fast fashion retailers do not directly invest in design but instead they take inspiration and try to copy, obviously with some differences, the most attractive models presented by high fashion houses at international events like Milan fashion week or similar. Then they suddenly transform these ideas into cheap clothes to sell in their worldwide stores.…
Corporate and operational managers strive to create more value by optimizing the supply-chain activities. Optimization of supply chain activities means competition from other firms, primarily on cost-efficiency. However, optimization of supply chain activities alone cannot always yield a source of competitive advantage. This is for the simple reason that value chain not only seeks to do away with the activities that do not add value, but establishes the importance of other support activities, including infrastructure, technology, and so on, that play a vital role in providing the foundation for competitive advantage. Value chain's primary activities are similar to the primary functions of the supply chain. Where supply chain focuses on efficiency of every function, value chain focuses on the functions that are critical to be effective. Although efficiency can be termed as the hygiene factor, it is this effectiveness that has the potential to provide a scope for competitive advantage. The primary and secondary elements of the value chain and their interrelationships make the value chain behave as a complex system, where the system mostly remains in a seemingly critical state of instability. This instability can be seen as the opportunity for the strategic managers to provide a basis for competitive advantage. Value chain can be seen as a collection of activities that a firm undertakes in order to provide the offering to the market; with the attributes that the market wants, and with the price that the market is willing to pay. The methodology in the author's earlier paper embraces Analytic Induction technique, but the methodology adopted in this paper is Grounded Theory. This paper extends the findings of the author's previous paper across two dimensions: With an addition of a totally different case from India that exemplifies how value chain is used to achieve competitive advantage; and with reaching similar findings with the help of a different methodology. This…
The supply chain includes all parties involved in fulfilling a customer’s request. It can involve manufacturing, supplier, transportation, warehouses, distributors, retailers and customers. Today the importance of the supply chain is cutting costs and customer satisfaction. Supply chain profitability is the total profit to be shared across all supply chain stage and intermediaries. Having an effective supply chain will reduce costs in all stages and satisfy the customer with what they want when they want it.…
Fast fashion is a term used to describe clothing collections which are based on the most recent fashion trends presented atFashion Week in both the spring and the fall of every year.[1] These trends are designed and manufactured quickly, and in an affordable way, to allow the mainstream consumer to take advantage of current clothing styles at a lower price. This philosophy of quick manufacturing at an affordable price is used in large retailers such as H&M, Forever 21, Zara, and Primark. Recently however, these retailers have been in pending lawsuits over violations of Intellectual Property rights.[2] The alleged violations are brought on as pieces of merchandise at the large retailers are considered to be knockoffs of designs from Diane von Furstenberg, Anna Sui and Gwen Stefani's Harajuku Lovers line and many other well-known designers.[3]…
You may have heard the term “fast fashion” being thrown around lately. For those of us without tons of disposable income, fast fashion is a trend that can allow us to don the latest looks walking the runways at a fraction of the cost of designer clothing.…
The section of a business value chain that heads a specific strategic business component is frequently describes as a supply chain. A businesses supply chain for a specific merchandise or service contains all the actions taken on by every forerunner in the value chain to plan, create, endorse, advertise, transport, as well as support each separate constituent of that product or service. For instance, the supply chain of an auto company consists of all actions assumed by all part providers, consisting of engine makers, steel fabricators, glass makers, wiring harness assemblers, along with thousands of others…
“Fast-fashion” is a term used to describe cheap and affordable clothes which are the result of catwalk designs moving into stores in the fastest possible way in order to respond to the latest trends.…
Fast fashion (FF) shares the same objectives, making the best use of SCM. Brands like…
Fast fashion goes with the English adage - out of sight, out of mind! Fast fashion defines the different fashion trends in clothing, apparels, jewelry, accessories, etc., that hit the market, hit their peaks and zoot out of sight before you even have time to make up your mind about whether you liked it or not! Here are the advantages of Fast Fashion.…