The case of Zara – The Postponement strategy I) Introduction In order to compete in the world of rising globalization and shortening of product life cycle nowadays‚ firms have to deal with the demand for increasing product variety to meet the diverse needs of customers. Mass customization has become a requirement for many businesses especially in the dynamic‚ fast-changing industries. However‚ the more product varieties‚ the more difficult it is to forecast demand‚ control inventory and manufacture
Premium Supply chain management Supply chain
Postponement Strategy Materials Management End Term Project (Term –IV) Date: 15th September 2009 Submitted To: Submitted By: Prof. Vivek Kumar Namrata Agarwal(81031) Prof. Kaushik Paul Neha Gupta(81034) Contents Chapter 1 4 Introduction 4 1.1 What is Postponement? 4 1.2 A specific example 5 1.3 Postponement in operation 7 Chapter 2 9 Literature Review 9 Chapter 3 14 When is
Premium Inventory Manufacturing Costs
This is the Pre-Published Version. Analysis of postponement strategy for perishable items by EOQ-based models J. Lia‚c‚ T.C.E. Chengb‚∗ ‚ S.Y. Wanga a Institute of Systems Science‚ Academy of Mathematics and Systems Sciences‚ Chinese Academy of Sciences‚ Beijing‚ 100080‚ China b Department of Logistics‚ The Hong Kong Polytechnic University‚ Hung Hom‚ Kowloon‚ Hong Kong c Department of Mathematics‚ Qufu Normal University‚ Qufu‚ Shandong‚ 273165‚ China Abstract This paper
Premium Operations research Inventory Supply chain management
farmers‚ industrialists‚ warehouses‚ consumers‚ dealers and traders‚ who buy and sell commodities. There are warehouses‚ which stores commodities and there are consumers‚ who consume them eventually. In the Indian context‚ warehouses are necessary for the commodity sector and commodity future trading especially for farmers because agricultural commodities constitute a major segment of the Indian economy. When the role of warehouse is necessary The role of a warehouse is most necessary in the
Premium Futures contract
Men’s Warehouse George Zimmer founded Men’s Warehouse in 1971‚ by opening a brick and motor store in Houston Texas. In the 1970’s‚ he began advertising his retail clothing in TV Commercials. The commercials sounded like a car commercial with tag lines such as “Considerably more for considerably less‚” “The only thing better than a friend in the business is a father in the business‚” and “I guarantee it.” Men’s Warehouse expanded their business throughout the West coast to the east coast. By the
Premium Customer service Customer Marketing
IJPDLM 37‚8 594 Postponement: an evolving supply chain concept Christopher A. Boone‚ Christopher W. Craighead and Joe B. Hanna Auburn University‚ Auburn‚ Alabama‚ USA Received January 2006 Revised July 2007 Accepted July 2007 Abstract Purpose – The purpose of this paper is to assess and document the progress of postponement research‚ identify current gaps‚ and provide direction for future research efforts. Design/methodology/approach – Postponement literature published from
Premium Supply chain management
Project Management Methodology Guidelines Project Management Methodology & Step-by-Step Guide to Managing Successful Projects Project Management Methodology Guidebook Table of Contents Table of Contents 1. Project Management Overview ............................................................................ 1 1.1. Background .................................................................................................. 1 1.2. An Overview of the Project Management Philosophy
Premium Project management
Safety in Warehouses Warehouses‚ large or small‚ can be hazardous places. The following details highlight some of the risks that might exist in your warehouse and the steps you can take to prevent accidents. The list is by no means exhaustive and will vary according to the particular type of premises and operation. As a starting point‚ use the blank sheet provided in this pack and carry out your own simple risk assessment. Main Types of Hazard Storage and Racking Incorrectly stacked goods may
Premium Occupational safety and health Risk Safety
Page 2: Warehouse Page 3: Introduction Page 4: Principles Page 5: Objectives of the Organization in Providing Such a Warehouse Page 6: Steps Following The Layout Design of a Warehouse Page7: Volume of Storage- Safety and stoke security Page8: Through flow & ‘U’ flow Page9: Advantages of ‘U’ flow Page10: Through flow Page11: Example of a Straight- flow warehouse Page12: Scale Page 13: Storage Racking Page14: Pallets of approximately 4 inches
Premium Pallet Warehouse Inventory
THE EFFECT OF POSTPONEMENT ON THE PRODUCTIVITY OF AN ORGANIZZATION Introduction:- Over the past few decades‚ logistics activities have gained increasing strategic importance for almost every company all over the world. Fixed costs of production have increased‚ consumer demands have become more complex and are harder to predict‚ both in time and place. Technology is rapidly changing around the world every new day there is a new and advance technology and product life cycles have shortened while
Premium Supply chain management Inventory