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Purchasing Trends in The Fashion Industry - Management Briefing

Published by: just-style

Published: Apr. 30, 2006 - 26 Pages


Table of Contents



The fundamentals, product

Purchasing or specifying

Brands and private labels

Brands and manufacturers

Manufacturers and their suppliers

Purchasing on price

The end of high cost clothing manufacturing

Quality and reliability

Purchasing on time

Quick response

Fast fashion

Balanced sourcing

Short order buying

Managing suppliers

Strategic (core) and tactical (transactional) manufacturer suppliers

Managing the strategic and collaboration partner

Managing subsidiary suppliers

Future purchasing trends

Commercial

Human and organisational

Technological

List of tables

Table 1: The effect of decreasing purchase costs on profit

List of figures

Figure 1: Timeline of actual/estimate weekly sales of a product against a seasonal forecast

Figure 2: Merchandise planning and buying calendar for a spring/summer season

Figure 3: Product development and sales cycle for a brand over a spring/summer season

Figure 4: Added value in the clothing industry: Five types of manufacturer in the clothing added value chain

Figure 5: Vendor relationship segmentation

Figure 6: The Egg Timer and the Kite

Abstract

One fundamental that no-one can ever afford to neglect is the blindingly obvious; get the product right and it will sell. This management briefing looks at: offered product and Own label retailing, cost purchasing trends, purchasing on time, today’s purchasing management mantras and tomorrow’s purchasing trends. The final chapter looks at how purchasing has changed and will change to minimise supply chain risks.

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