Current Tools for Supply Chain Executives in the Fashion Industry
Supply chain executives in the fashion industry earn their position by demonstrating impressive internal and external relationship and communication management skills. The ultimate goal is to make the store a shopper destination. The processes of getting there include strategic thinking and a focus on value creation. That plan is easier with the use of current supply chain management tools.
A consumer-savvy world adds a challenge to earning and keeping customers. It only takes a few seconds to compare measurements like pricing and quality. As a leader, your decisions should focus on certain goals that help your key customers and their customers. What tools help analyze the best way to improve your fashion industry operations and deliver value throughout the supply chain?
Attend professional forums to stay up to date with current supply chain trends. It’s an opportunity to share information about what’s working for your company. Attend or present workshops. Although different for every business, lessons learned in development apply to most situations. Networking is an additional benefit.
Social media is another tool. It draws traffic while establishing company reputation. Visibility increases your edge over the competition, leading to increased profits! Use cloud-based technology to control costs and deliver a seamless shopping experience.
Keep informed about situations that may affect productivity by subscribing to relevant RSS feeds. Pick up valuable information such as benefits and drawbacks of supplier outsourcing. Awareness of market stability helps balance risk within your chain.
The Supply Chain Operations Reference Model framework tool consists of five steps to measure customers, suppliers, and the company: plan, source, make, deliver, and return. Its flexible approach enables users to define, analyze, and implement improvements within the fashion industry or any business. Supply chain executives use SCOR® to:
- Develop a plan and encourage growth of global supply chains.
- Maintain sustainability with closed-loop supply chains and processes.
- Effectively manage warehousing, distribution, and transportation.
- Optimize successful bids to maximize the strategic sourcing process.
Supply chain executives incorporate complex planning to check demand, plan supply, and manage material. Forecasting determines necessary requirements, coordinates chain activities, and addresses product returns.
Sourcing involves evaluating scheduled deliveries and managing supplier, import, and export agreements. Software lets product quality and supplier performance be recorded for review. It maintains records of payments, money transfers, and authorized payments.
Evaluation and review leads to changes or reinforcement of:
- Production performance data
The concept of "deliver" starts at the warehouse with customer inquiries, packaging, and shipping. The fashion industry extends to include delivery and proper fit. Computer programs store data about transportation costs, production inventories, and product longevity. This tool for supply chain executives in the fashion industry identifies areas of strength and predicts possible actions that may result in a broken supply chain.
Returns range from raw materials to defective or unsatisfactory products. Detailed inventory spreadsheets list the reason(s) for the return. It includes follow-up data from the manufacturer indentifying where the defect occurred.
The proper use of tools for supply chain executives in the fashion industry lets them use recorded data to determine the chain’s status and areas needing attention. Seminars, RSS feeds, and contact with other managers and customers display what’s wrong and what’s right on the supply chain roadmap.
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