Increasing Customer Loyalty in The Fashion Supply Chain
In the current economic climate, many vendors are worried about the risk of a drop in their order book, even if they have not yet felt much direct impact from the downturn.
To strengthen your position as a vendor, consider the facts:
- Even in the very worst case, 80% of industry order volume will remain - people still need clothes.
- Q: Who will Buyers place their orders with?
- A: Vendors they can rely on, who are:
- Responsive and flexible - in full control of their capabilities
- 'Lean' enough to hit price points
- Financially stable by being efficient!
- Excessive risks are being taken as many vendors accept orders without all the necessary information to do so and then fail to perform.
- Many vendors are currently struggling to hit prices, but at the same time haemorrhaging expense due to excess costs.
TO MAINTAIN AN EFFECTIVE SUPPLY CHAIN IN THIS ENVIRONMENT, EXCELLENT VISIBIITY AND COORDINATION ARE ESSENTIAL, NOT JUST 'NICE TO HAVE' OPTIONS.
Excessively manual systems severely hinder the ability to respond and manage priorities = increased risk of non performance and errors = even more fire-fighting and excess costs.
Increasingly, companies are concluding that they cannot continue with their existing methods. i.e. There has to be a better way.
Get the right tools for the Job... TOTAL VISIBILITY, COORDINATION, CONTROL.... with FastReact.
