Topic: Agility and Responsiveness Managing Fashion Supply Chain
Paraphrasing What Researchers Say
Xin Wen, Tsan-Ming Choi and Sai-Ho Chung acknowledges that “Inventory management is critical for the success of a fashion retailer.”
The supervision of the flow of the products from the manufacturer to the organizational warehouse to the sales department is done by the Inventory management system. If the products are not monitored properly chances of the product to be defective or not upto the markincreases. The product when retured back to the facility harms the reputation of the industry and causes financial downfall. Hence, supervising the process is essential to avoid mistakes (Heuer & Becker-Leifhold, 2018).
AvizitBasak, M. M. IsrafilShahinSeddiqe, Md. Rifaul Islam & Md. Omar FarukAkandabelieves that “Supply chain management decisions are often said to belong to one of three levels; the strategic, the tactical, or the operational level.”
Over the past few decades, there has been aan enormous improvement in the technology which has lead to the foundation of different processes which have changed the world of business. Likewise, the fashion industry is benefited by the supply chain management (SCM) system. This process helps in the tracking of the activities in an organization (Todeschini et al., 2017). The organizational decisions often depends up on the hierarchy tree of the SCM. SCM determines the places where the issues lies while the product is on the way to the end users. decisions can be made on that basis to improve the tactics and operations in the organization.
HadariOshri says,
“ Fast fashion is a result of mass-market retailers increasing the production of inexpensive fashion lines to meet the demands of quickly changing trends.”
There is a competitive advantage of fast fashion in the fashion industry that cannot be be taken for granted. Creativity can be implemented in the form of fashion and they are widely appreciated. It is a fast paced working process where designing is done within a flick of an eye (Hiquet, Brunneder & Oh, 2018).
“Fashion is one of the top polluting industries”
Major environmental problems are arising due to the fashion industry (Park & Kim, 2016). They are the main consumer of the natural resources starting from cotton to silk and natural ingredients but they are ranking at the top in polluting the environment as well. The brands barely have any control over there off shore suppliers and are least bothered about their activities outside work. Hence, their supply chain does not track the environmental hazards (Brooks, 2015).
As mentioned before, there is an argument going on the whether or not the fast fashion is good or bad. According to hadarioshri, fast fashion improves the fashion business industry and has benefitted the business of the country’s fashion area. Again according to many, “ Fast fashion industry is notorious and does not follow the ethical boundaries (Caro & Martínez-de-Albéniz, 2015). They harm the nature and the natural aspect of the nature so they have to be stopped.
Here, claim stands for the ‘Transparency’ in the business. transparency is important in any organization to build the trust between the consumers and the manufacturers. Growing trust increases the sustainability of the business in the competitive environment (Turker & Altuntas, 2014).
Introduction
One of the most focused and talked-about industry is the ‘fashion industry’. The products manufactured in this industry is developed to serve purpose globally. Example of one such company is Zara, a Spanish fashion company which is significantly enlarging its boundaries in the field of fashion. The world of fashion has a very small life-cycle hence the supply chanin management has to play a important role in the industry.The pupose of this paper is to analyse the agility of this industry in the market along with the importance of the Supply chain management system on the industry.
Problem Statement:
Agility is an option that is undertaken by the companies for the self benefit. The term agility is used to describe a system where implementation of changes are possible even after the project has completed. However, there are certain company in the field of fashion industry who are yet to follow the Agile infrastructure. This project covers the comparison between the Agile and the traditional project infrastructure. The project primarily deals with the study of the fact that whether or not the agile methodology is effective for the fashion industry.
Introduction:
The fashion in itself is discrete from any other industry. It makes use of all sort of technological aspects to deliver something that is very unique. The sense of fashion has changed the way the people use to look at their clothes. The term ‘trend’ has put more spice to the functionings of the industry. Thus to pace up with the modern ‘trends’ agility is required in the system. Discarding all the previous process to built trendy items is not at all possible, hence, modifiactions can be done in order to bring about ceratin changes which can deliver the desired product within the assigned time. These modification can be done with the usage of the Agile methodology.
Implementation of the methodology is as important as the development of the product and this is not possible without the assistance of the project management infrastructure. It is a job of the Project
manager to make all the necessary changes in a system and implement the agile mode of the development.
Fast fashion:
Topic of the research: Agility and Responsiveness Managing Fashion Supply Chain
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Source 1: ?iarnien?, R., &Vienažindien?, M. (2014). Agility and responsiveness managing fashion supply chain. Procedia-Social and Behavioral Sciences, 150, 1012-1019. |
Source 2: Choi, T. M., & Cheng, T. E. (2015). Sustainable fashion supply chain management. Springer: New York, NY, USA. |
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Main Idea 1: Importance of supply chain management in fashion industry |
Supply chain management system keeps track of all the activities that are taking place in a system or organization. Hence, if any discrepancy is observed in any product or part of the product the source of the problem can be determined without any difficulty. |
For delivering a successful product building up a sustainable supply chain is essential. This not only helps in distribution of the products to the end users but also helps in building up a positive relationship between the supplier and the company. |
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Main Idea 2: Significance of Agile methodology in fashion industry |
Agile methodology is a type of model where changes can be made as when required. Fashion industry is ever changing and short lived, hence the agile methodology is beneficial for this industry. |
There are many problem in the fashion industry which includes process disruptions due to machinery breakdowns and imperfection form the side of the operator, absentism and many more. Agile methodology not only helps in created necessary changes in system for better production, it also helps in development of the latest system with the help of the continuous process. |
Conclusion
Industry like the fashion industry is highly globalized. The marketing in this industry is done all over the world and are mostly done onine. Hence, in this fast moving industry, agilie environment is needed for the smooth running of the industry. The life cycle of every individual items of the fast fashion industry is very short, thus changes are inevitable and the changes has to be fast to cope up with the requirements. Hence, the ‘Agile and responsiveness Managing Fashion Supply chain’ is effective for the survival of the industry in the competitive market.
References
Brooks, A. (2015). Clothing poverty: The hidden world of fast fashion and second-hand clothes. Zed Books Ltd..
Caro, F., & Martínez-de-Albéniz, V. (2015). Fast fashion: Business model overview and research opportunities. In Retail supply chain management (pp. 237-264). Springer, Boston, MA.
Gupta, S., & Gentry, J. W. (2018). Evaluating fast fashion: Examining its micro and the macro perspective. In Eco-Friendly and Fair (pp. 15-23). Routledge.
Heuer, M., & Becker-Leifhold, C. (Eds.). (2018). Eco-friendly and Fair: Fast Fashion and Consumer Behaviour. Routledge.
Hiquet, R., Brunneder, J., & Oh, W. Y. (2018). Consumer acceptance of, and resistance to, fast fashion. Eco-Friendly and Fair: Fast Fashion and Consumer Behaviour.
Park, H., & Kim, Y. K. (2016). An empirical test of the triple bottom line of customer-centric sustainability: The case of fast fashion. Fashion and Textiles, 3(1), 25.
Todeschini, B. V., Cortimiglia, M. N., Callegaro-de-Menezes, D., & Ghezzi, A. (2017). Innovative and sustainable business models in the fashion industry: Entrepreneurial drivers, opportunities, and challenges. Business Horizons, 60(6), 759-770.
Turker, D., & Altuntas, C. (2014). Sustainable supply chain management in the fast fashion industry: An analysis of corporate reports. European Management Journal, 32(5), 837-849.
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