Catastrophic Impacts of COVID19 in Bangladesh Apparel Supply Chain

NC State SCRC

An article written by my former PhD student, Rejaul Hasan, and I just came out this week in Contracting Excellence , the journal published by IACCM, which documents the catastrophe that is unfolding in Bangladesh, one of the world’s major exporters of garments for the apparel sector. But in Bangladesh, 90% of the jobs come from the apparel sector where workers rely on daily wages and now their lives have stopped!

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

It has been a huge challenge to understand what is changing moment-to-moment, let alone predicting what will happen, so eft by Reuters sat down in a webinar with experts working at the coalface of inventory planning and distribution to understand what can be done to survive and thrive. What we’ve seen is a huge deterioration in the apparel sectors. We need to look at alternative sources of procurement, of production, alternative factories, alternative countries.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Determining Operating Model for Inventory Visibility and Agility

Tompkins Blog

With multi-business units planning and managing their own inventories, the substantial business growth in volumes was limiting adequate end-to-end inventory visibility. The separation of inventories was also limiting the ability to reposition stocks where demand was needed. Tompkins needed to identify the best operating model that would provide inventory visibility and agility to support a true cross-channel business. The Company.

2020 Requires Big Wings and Feet

Supply Chain Shaman

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Companies that directly connect financial data to supply chain data without creating a feasible plan at an item/location level rate themselves significantly lower on S&OP effectiveness creating higher costs, levels of inventory and order short shipments. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service.

The Secret to Successful Enterprise Strategy? Always Include Supply Chain Management

Supply Chain Opz

For instance, competing in high-end fashion apparel will require a different supply chain strategy than selling cotton briefs. If the procurement function is focused on low-price instead of agility, then there’s no chance for success. For instance, reducing all forms of inventory to minimize cost is a terrific goal, assuming the procurement, production, and logistics functions collaborate to make it happen without retail stock-outs.

The COVID-19 outbreak: How to Realize Value From a Crisis?

DynaSys

Sales not met during the crisis may be postponed later (for instance, Home Repair/Renovation Products, Shoes & Apparel…). It helps procurement managers assess the impact of these changes on product supply – or production managers on production capacity optimization. In case of shortages, deploying the existing inventory needs to be managed to respect customer orders priorities. Redefine Inventory Strategies.

Let the Qs Begin

Supply Chain Shaman

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. The script will be distributed to CFOs of apparel, consumer packaged goods, and food/beverage companies next week. Do you actively design networks with a focus on form and function of inventory?

Why investors are looking at supply chain technologies in 2020

Requis

Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets. In the procurement space, what I want to be able to assess is risk management.

Risk v Rewards - Making the Right Decisions in Global Supply Chain Planning

Logility

Whether it was the US going to Asia or the EU going to Africa or the Eastern European countries to procure lower cost components, this concerted effort created a coordination challenge across a vastly extended supply network. Long supply chain lead times make it tough to meet demand without piling up inventory in various places around the world. This avoids building too much inventory and enables quick response to the shifts in customer sentiment.

Risk v Rewards - Making the Right Decisions in Global Supply Chain Planning

Logility

Whether it was the US going to Asia or the EU going to Africa or the Eastern European countries to procure lower cost components, this concerted effort created a coordination challenge across a vastly extended supply network. Long supply chain lead times make it tough to meet demand without piling up inventory in various places around the world. This avoids building too much inventory and enables quick response to the shifts in customer sentiment.

Taking the Hill

Supply Chain Shaman

Apparel is actually moving backwards. When companies look at singular metrics (labor costs or inventory), they have moved backwards. In parallel, when supply chain concepts are well-integrated into the design of trading partner relationships by both sales and procurement, there is an acceleration of value. For most companies, growth has slowed. Profits are sluggish. Complexity reigns and cycles are longer. The challenges and opportunities of business are greater.

How Europe is Coping with Supply Chain Disruption

Jaggaer

Define your procurement response strategy. For many years large enterprises have taken it for granted that trade barriers are low and the name of the game was to achieve competitive advantage, for example by offshoring production, building not buying, saving on inventory with just-in-time production, and sourcing from low-cost countries. Sectors such as apparel, which have shifted production to countries such as Vietnam and Bangladesh, may see reshoring in the long run.

Podcast: VC Brian Aoaeh on the Future of Supply Chain Investment

Requis

A supply chain is really any network of organizations that work in collaboration to aid the procurement, production and movement of goods from producers to suppliers. Waste from plastics is a big issue for the circular economy, as is waste in fashion and apparel. It will also change the way we think about inventory management and could save on costs if it turns out there is simply no demand for what you’ve made.

Bad Retail is Dead — Long Live Retail

Enterra Insights

Think department stores and specialty retailers, especially those selling apparel.) For businesses, this means that an efficient supply chain with a well-managed inventory tracking system is essential. In fact, according to 2017 findings by McKinsey & Company, taking an AI approach to the supply chain could reduce forecasting errors by up to 50% and overall inventory reductions of between 20% and 50%.

Retail 100

Podcast: Rob Handfield on Suppliers, Data, Tech, and Talent

Requis

Meanwhile, salespeople for suppliers were trying to work around procurement. On every screen there were moving graphical visualizations of material inventory. Tom had literally put his inventory on these control towers, and it was all updating in real time. Globalization won’t go away, we’ll always have a global supply chain, but we have to rethink our relationships and how we understand costs and the position of inventory in supply chain.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year. Foot Locker @footlocker Foot Locker makes it easy for customers to shop the way they want to shop by improving inventory visibility.

Top 25 Supply Chains of 2018

Material Handling and Logistics

The rankings are based on a composite score based on the opinions of Gartner’s analysts; a group of peer voters (mostly supply chain practitioners, professionals and experts; in the interests of full disclosure, I myself am part of the peer panel); some metrics, including return on assets, inventory growth and revenue growth; and a corporate social responsibility (CSR) component score.

Bio-based Products Future is Promising, but Hurdles Exist

Supply Chain View from the Field

As an industry, companies would benefit by following the lead of other sectors such as the apparel and footwear industry, which realized that there was intrinsic value by pulling resources together to address sector-specific issues such as LCA data and protocols. The global apparel sector’s effort resulted in the development of the Higg Index, a universally accepted LCA tool and life cycle inventory database.

Innovate or Die: How’s Your eCommerce Strategy?

FLEXE

In 2005, department stores alone sold $60 billion in apparel; in 2015, it was half with nearly $28 billion shifting to online retailers like Amazon. On-demand warehousing solutions make it possible to solve for inventory overflow and add fulfillment centers with little-to-no risk and no long-term lease agreements. Instead of having to invest in fixed assets, or working with only one 3PL, you can procure the space you need, when and for however long you need it.

Supply Chain Management:The Learning from the 2012 Holiday.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. The overall headline for 2012 will most likely be one of selective retailer profitability to those that were able to effectively weight and tailor investments in online sales and marketing program and selective promotions with sophisticated inventory management, demand sensing and overcoming customer fulfillment needs. Procurement Blog. About Us. Contact Us.

Supply Chain Management:The Role of Information Sharing in.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. By exchanging information such as inventory levels, forecasting data, and sales trends, companies can reduce cycle times, fulfill orders more quickly, cut out millions of dollars in excess inventory, and improve forecast accuracy and customer service. This results in excessive response times, costs and inventory due to forecast inaccuracy. About Us.

4 Best-in-Class Supply Chains To Watch and Learn From

Logistics Bureau

Unilever has sustainability at the very heart of its business model, extending all the way through the supply chain from distribution to procurement. By taking an established concept (vendor-managed inventory) and turning it on its head, Amazon is making its entry into a new market less expensive and more practicable than it would otherwise be.

Top eCommerce marketplaces in Philippines

Vinculum

The stock warehouse with a vastly diverse inventory concept is still gaining prominence in the Philippines and hence Galleon.ph specializes in procuring products that are unavailable in the country. Globe online shopping caters to those looking for electronic devices, various gadgets, and apparel primarily, while also adding the option of customers choosing various post-paid network plans.

America First: How a New Slew of Trade Policies Will Impact Supply Chain

Elementum

While they may not all be cheap, there are options for companies that want to weave domestic procurement into their supply chains. India and Vietnam might snag bigger shares of apparel and electronics manufacturing as US companies look to restructure their supply chains. If this is not yet possible, then building up an inventory of key components is a good short-term solution. US manufacturing activity dropped slightly in March.

America First: How a New Slew of Trade Policies Will Impact Supply Chain

Elementum

While they may not all be cheap, there are options for companies that want to weave domestic procurement into their supply chains. India and Vietnam might snag bigger shares of apparel and electronics manufacturing as US companies look to restructure their supply chains. If this is not yet possible, then building up an inventory of key components is a good short-term solution. US manufacturing activity dropped slightly in March.

Supply Chain Management:Mapping Your Way To Faster Shopping

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Her shopping list typically runs across several store departments like fresh produce, dry grocery, apparel, cleaning-supplies, bath-ware, electronics and sports-goods. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38). About Us. Contact Us. Newsroom Investors Careers. Infosys Labs. Industries. Industries. Aerospace and Defense.

Will "Profitable To Promise" be Viable In Retail Industry - Infosys Blogs

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. When customers asked for future delivery dates, retailers mulled over the use of future inventory to satisfy future demand. In retail, ATP is used alongside future incoming inventory into the warehouse to commit delivery date to the customer. This is especially true for electronic and apparel items which form major chunk of retail business. About Us.