Management Briefings
Mr. F.K Zaman (Nahid)
Director
Fakir Knitwears (Bangladesh)
Most apparel companies that source product from suppliers in various countries have one common problem - "How to ensure they have visibility of the status of their orders in the supply chain".
The Dynamics of Planning in the Footwear industry are ever changing and footwear businesses face an increasing number of challenges. In order for a Footwear business to be effective in today's difficult trading environment, it is imperative that the key planning criteria are fully understood and effectively monitored.
The retail environment has changed quite significantly over the past 2-3 years. There has been a gradual shift away from the traditional 3-4 ranges per season to a greater rotation of stock possibly every 2-3 weeks. Having transparency and an early warning of any potential problems will enable staff to work to common priorities and allow them to be more proactive throughout the supply chain process.
In a volatile world, excellent visibility, coordination and communication are 'MUST HAVE' tools for survival. As the global apparel industry begins to settle into the post-quota era, the dynamics of the entire sector are shifting. For many this presents the toughest challenges to date and a fight for survival that only the best will win. For others, in emerging countries like China, India and Vietnam, more favourable circumstances are creating great demand and opportunities.
The elimination of quotas will invariably provide buyers with more freedom in where they place their orders. However, will, as many fear, price be the key determining factor for buyers, propelling low labour cost countries such as China, India and Vietnam as the only sources for apparel?
Fast React are specialist providers of Planning, Sourcing and Critical Path Management solutions specifically developed for the Apparel, Textiles and Footwear sectors where tight margins and short lead-times are commonplace.
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