Apparel and footwear: At what point is missed sales better than excess inventory?

Kinaxis

In adidas’s recent earnings call, CEO Kasper Rorsted warned that adidas would miss its 2019 growth target because its supply chain was unable to meet the huge demand for its mid-priced apparel, especially in North America. The CEO went on to imply that losing sales was preferable to building excess inventory. Shouldn’t it be ok to build inventory in anticipation of demand surges, and then apply promotions to work through the excess? by Harish Iyer.

Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

After finishing the Supply Chains to Admire report and the Youtube series (to be released this week), this is my feeling. What Is Supply Chain Excellence? The seven years of work on the Supply Chains to Admire is part of my quest to answer Keith’s question.

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How to Design a Successful Apparel Supply Chain

Logility

Apparel is an exciting and rapidly changing industry. These are just a few of the challenges apparel manufacturers and retailers must overcome to operate at peak performance and compete in today’s dynamic market. Here is a four-step approach to help you jumpstart your supply chain results. The result is a fractured supply chain with disconnected forecasts created by different departments. Segment Customers to Develop a Synchronized Supply Chain.

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!

Responding to Supply Chain Disruption Amid COVID-19

AIMMS

It’s taking a profound humanitarian and economic toll , impacting supply cha ins in many ways. T he apparel industry, for instance, is bracing for a prolonged period of low activity. Our team put several resources together to help supply chain organizations navigate through this crisis safely. . Multiple best/worst case scenarios should be run under different demand conditions to study the impact on your supply chain.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

To drive global scale, companies need to design the supply chain to buy globally and execute locally. The design of the supply chain is fundamental to making this happen. In our interview of the Supply Chains to Admire Winners, we found a unique approach at Carter’s. For this case study we interviewed Peter Smith, currently the EVP of Supply Chain for Carter’s. The company is one of 15 winners in the 2016 Supply Chains to Admire Research.

Video Podcast: Apparel Supply Chain Challenges – Size XXL

Logility

We work with a lot of branded and private label apparel manufacturers and brand owners, and it’s clear there is a misperception about supply chain complexity in these industries. Counter to what many people think, apparel supply chains are complex and demanding with global sourcing, long lead times, short selling seasons, and demand uncertainty.

Video Podcast: Apparel Supply Chain Challenges – Size XXL

Logility

We work with a lot of branded and private label apparel manufacturers and brand owners, and it’s clear there is a misperception about supply chain complexity in these industries. Counter to what many people think, apparel supply chains are complex and demanding with global sourcing, long lead times, short selling seasons, and demand uncertainty.

Video Podcast: Apparel Supply Chain Challenges – Size XXL

Logility

We work with a lot of branded and private label apparel manufacturers and brand owners, and it’s clear there is a misperception about supply chain complexity in these industries. Counter to what many people think, apparel supply chains are complex and demanding with global sourcing, long lead times, short selling seasons, and demand uncertainty.

Retail supply chain management and the rise of fast fashion

Kinaxis

However, when it comes to the efficiency of today’s retail supply chain management techniques, controversy is replaced by admiration as international clothiers boast operations efficient enough to accurately anticipate demand in one of the world’s most rapidly changing industries. Behind the scenes, supply chain management drives this powerhouse of a retail engine, giving rise to what we now know as fast fashion. Reduced risk in the supply chain.

Retail 186

Supply Chains to Admire: 2016 Results

Supply Chain Shaman

This morning, we announced the Supply Chains to Admire Winners and Finalists for 2016. Selfishly, we need standard for our research, but we also want to help supply chain leaders gain new insights from a deep data-driven analysis. There is no agreed standard for supply chain excellence. The Supply Chains to Admire analysis is now in its third year. Figure 1: Supply Chains to Admire Methodology. Five months of analysis.

Supply Chain Efficiency or Resiliency

Adexa

Your supply chain is not any different. According to McKinsey, we are experiencing supply chain disruptions of a month or more every 3.7 Supply chain resiliency is. Supply chain planning and operation is essentially a probabilistic process.

10 COVID-19 Lessons for a Resilient Supply Chain

DynaSys

A Three Part Article Series from QAD DynaSys – COVID-19 and Resilient Supply Chain. In this series, discover how the COVID-19 pandemic gave us the keys to build a resilient supply chain and add value to our Supply Chain.

Does Your Apparel Supply Chain Need a Logistics Makeover?

Supply Chain 24/7

Today’s manufacturers face seemingly competing challenges to meet customer expectations for fresh inventory offered via multiple platforms while relying on increasingly global supplier networks

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Reimagine Supply Chain of the future: There are many facets to imagining Supply Chain of Future. What are the learnings from Covid disaster that leaders will incorporate into future supply chains? Let us study major highlights of Supply Chains of the future.

Checkpoint Launches First RFID-Based EAS Solution for Apparel Retailers

Supply Chain Network

NYSE:CKP), a leading global supplier of shrink management, merchandise visibility and apparel labeling solutions for the retail industry, today announced here at NRF Loss Prevention Conference & Expo its RFID Overhead EAS Solution, delivering benefits both for loss prevention and inventory visibility at the point-of-exit. We’re providing apparel retailers with solutions that offer a pathway to achieve promising benefits, independent of their individual starting point.”.

A New Decade: Give Science A Chance

Supply Chain Shaman

When I started my business in 2012, I frequently wrote about the future using the moniker of Supply Chain 2020. We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade.

Supply Chains to Admire – 2016 Results

Supply Chain Insights

This morning we announced the Supply Chains to Admire Winners and Finalists for 2016. Selfishly, we need a standard for our research, but we also want to help supply chain leaders gain new insights from a deep data-driven analysis. There is no agreed-upon standard for supply chain excellence. The Supply Chains to Admire analysis is now in its third year. Supply Chains to Admire Methodology. Supply chain excellence

Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

The cheese on the puffs stains my hands like I feel that mis-guided past practices have indelibly colored supply chain practices. At the session, we discussed why companies have not made more progress on inventory management. In most value networks, downstream partners have progressively pushed costs and waste backwards in the extended supply chain. Days of Inventory Pre and Post-Recession. IT View of the Current State of Inventory.

COVID-19 Sales to Inventory Ratio Soars

Operations and Supply Chain Management

Some of that stockpiled inventory might be with us for a while. Several clothing retailers are saying they may pack away a substantial share of inventory for later seasons, or even next year, the WSJ’s Jinjoo Lee reports, instead of pushing their goods into what’s likely to be a cutthroat period of post-pandemic markdowns. Companies across the retail sector are coping with bloated inventories after the coronavirus lockdowns kept consumers at home over much of the spring.

Can Twitter Help You Make Smarter Supply Chain Decisions?

Talking Logistics

For years, I’ve been telling supply chain executives to think beyond Facebook, LinkedIn, and Twitter when thinking about the role of social networking in supply chain management. As I wrote last December in Facebook for Supply Chain Communication and Collaboration? IBM found that Twitter is a valuable indicator of demand for the apparel industry and other manufacturers. The post Can Twitter Help You Make Smarter Supply Chain Decisions?

Supply Chain Best Practices: The Customer-Obsessed Supply Chain

Elementum

Creating real value for the customer — making products available at the right place and time — depends on being able to view and react to disruptions and variables all across the supply chain, in real time. But with the current mindset the vast majority of companies are operating their supply chains on, the needs of the customer are sometimes forgotten. Phillips recently tweeted an anecdote about a supply chain consultant she had interviewed.

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

Requis

Venture capital (VC) investor, columnist and educator Brian Aoaeh is part of the new generation of investors who are unlocking the opportunities in supply chain. Steeped in the investment world since 2008, Brian decided very early on to focus on supply chain and operations investment. Supply Chain Next · 013 – Brian Aoaeh, CFA. It was during that process that I honed in on supply chain. Let’s talk about why supply chain, and why now.

Columbia Sportswear: Peeling Back the Onion on Your Supply Chain Processes

Talking Logistics

Over the years, I’ve come across many large, brand-name companies that have been successful by many measures, such as revenue growth and profitably, but when you peeled back the onion on their supply chain processes and capabilities, they were far from best-in-class. Can you imagine how much more profitable these companies could have been, or how much more market share they could have captured, if they had been more disciplined and focused on improving their supply chain processes?

Why investors are looking at supply chain technologies in 2020

Requis

Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. Investors, like the public, have woken up to the fact that supply chains are the engine driving economic prosperity. Supply chain, it seems, is ripe for disruption.

Noob Guide to Supply Chain Management Definition

Supply Chain Opz

What is the definition of supply chain management? 1) It''s a network Many companies have the department that controls various activities within the supply chain. Supply Chain is actually a "network" consists of many players as below, A generic supply chain structure is as simple as Supplier, Manufacturer, Wholesaler and Retailer (it''s more complex in real world but simple illustration serves the purpose).

Simplify Supply Chain Forecasting

Logility

An improvement in forecast accuracy can have a significant impact on the bottom line by reducing inventory buffers, obsolete products, expedited shipments, DC space required and other non-value added work. At best, Lean and JIT push the push/pull boundary back up the supply chain a bit; they don’t eliminate the need to create a demand forecast. The speed and volume of new product introductions continues to escalate creating potential headaches for supply chain teams.

With Tariffs In Flux, Digital Inventory Technology Might Be The Solution To Holiday Bloated Inventory Levels

Talking Logistics

The tariff situation has companies in a quandary as they debate whether to “load up” on inventory now — to ward off the impacts of potentially-higher tariffs on imported goods — or hold off for now and hope that the political environment calms and things get to back to “normal.” The tariffs impact consumer products like luggage, handbags, baseball gloves, furniture, apparel, mattresses, electric lamps, and components in telephones and flat panel TV displays.

Modernizing the Retail Supply Chain

Enterra Insights

Without the back-end supply chain, however, retailers would have nothing to sell. Manufacturers would supply retailers, who would then resell the goods to consumers — therefore dealing with complaints or queries from the end consumer. Now, thanks to an increasingly competitive landscape, the whole process has changed, meaning the supply chain needs to evolve with it, and fast.”[1] Changing retail supply chain environment.

Retail 100

For supply chains, faster is not always better

Supply Chain Movement

Hennes & Mauritz (H&M), the Swedish apparel giant, reported lower like-for-like sales in the first quarter of 2013 and attributed the fall to the unusually cold weather. In contrast, Inditex, the world’s biggest apparel company, saw sales rise, both in 2013 and in August 2016. If the weather is cold, for example, in early spring, Inditex delays the introduction of spring and summer clothing: if the weather is warmer, it supplies spring clothing to its stores.

Omni-Channel Supply Chains Are Changing Everything You Ever Learned in School…

Supply Chain View from the Field

A senior executive from a large global manufacturer came to speak in my MBA class this week, and discussed the major shifts in global business that was occurring due to the emergence of omni-channel capabilities in the supply chain. This view of the supply chain is focused primarily on how we get inventory to the customer. Because Macy’s is now fulfilling orders from stores… so store sales and inventory at stores don’t matter.

Supply Chain Best Practices: The Customer-Obsessed Supply Chain

Elementum

Creating real value for the customer — making products available at the right place and time — depends on being able to view and react to disruptions and variables all across the supply chain, in real time. But with the current mindset the vast majority of companies are operating their supply chains on, the needs of the customer are sometimes forgotten. Phillips recently tweeted an anecdote about a supply chain consultant she had interviewed.

Why I No Longer Believe in the Gartner Supply Chain Top 25

Supply Chain Shaman

This week, Gartner is hosting their annual supply chain conference. It is now the Gartner Supply Chain Top 25. The research tries to establish “ who did supply chain best ” by looking at a weighted formula of Year-over-Year Growth, Return on Assets (ROA), and Inventory Turns for the Fortune 500 companies. Inventory Turns values are based on an average of quarterly reporting for the past year. Inventory Turns is only part of the story.

Global Luxury Management “Lifestyle” brands require push supply chain design customization

Supply Chain View from the Field

More and more global luxury brands such as Gucci, Louis Vuitton, and others are promoting themselves as Lifestyle brands, spanning many products including fragrance, home collections, apparel, paint, wallpaper, foods, and many other products. In this environment, the supply chain and logistics task becomes even more complex, as it involves delivering and fulfilling product and service support to deliver a lifestyle “vision” around the world.

JDA Customer PVH Named a Top Innovator by Apparel Magazine

BlueYonder

Each year, Apparel Magazine acknowledges apparel retailers, brands, and manufacturers that demonstrate innovation in the apparel supply chain. JDA is proud to recognize that PVH has been named one of Apparel Magazine’s 10 th annual Top Innovator Award winners. based apparel company and is one of the largest global apparel companies, with $8.2