Chapter 7: managing flow variability: safety inventory 7.1 Objective In the previous chapter on inventory‚ we focused on economies of scale as the major driver for inventory. The purpose of this chapter is to introduce the notion of safety inventory as a buffer against stochastic variability in supply / demand and discuss various levers for reducing it. The chapter is covered over two classes each of duration 100 minutes. In the first class‚ we first motivate the need for forecasting as a way
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Rana‚ leader of the local Jubo League‚ the youth wing of the ruling Awami League. It housed a number of separate garment factories employing around 5‚000 people‚ several shops‚ and a bank. The factories manufactured apparel for brands including the Benetton Group‚ Bonmarché‚ Cato‚ DressBarn‚ Joe Fresh‚ Mango‚ Matalan‚ Monsoon‚ Primark‚ and The Children’s Place. In 2010‚ the French division got sued by Anne-Cécile Couétil‚ creator of the brand Velvetine. She argued that Mango plagiarized two models
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CASE STUDY Zara The case describes how Zara‚ operating out of the Galician port of La Coruña in north-west Spain has managed to become a benchmark for speed and flexibility in the garment industry. The case offers an illustration of a fast-response global supply‚ production and retail network. In 2003 Zara was the only retailer that could deliver garments to its stores worldwide (507 in 33 countries) in just fifteen days after they were designed. It could do that because of its unique systems
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2010 EABR & ETLC Conference Proceedings Dublin‚ Ireland Consumers’ Purchase Intentions for Foreign Products: An Empirical Research Study in Istanbul‚ Turkey Elif Akagun Ergin‚ Cankaya University‚ Turkey Handan Ozdemir Akbay‚ Cankaya University‚ Turkey Abstract Consumers in developing countries seem to possess an increasing demand for the purchase of foreign products. Turkey is a magnet for multinational corporations that view the country as a must-win market. It has become important
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Zara’s Approach to IT Management Spyridon Kapodistrias IT Management‚ Carnaby Street 20/2/2013 2186 words Zara’s Approach to IT Management 1 Executive Summary Zara is part of Inditex‚ the largest global clothing retailer in the world. Zara’s success is mainly attributed in its capability to provide at extremely low prices its garments which are line with the latest fashion trends and styles. How does Zara manage to attain this superior position in the intensive competition of the industry
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Rabbits immobilized in wooden stocks with ulcers in their eyes‚ baby seals being clubbed over the head‚ and the infamous shock treatment. Surely you have all witnessed footage of one or all of the aforementioned practices and were appalled by the cruelty. Appalled yes‚ willing to stand up and voice your thoughts... not often. There is one significant reason for this unwillingness by most to stand up for the rights of our fellow inhabitants of this planet‚ personal convenience. We are systematically
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Journal of Economic Geography Advance Access published October 23‚ 2007 Journal of Economic Geography (2007) pp. 1–18 doi:10.1093/jeg/lbm035 Global sourcing: insights from the global clothing industry—the case of Zara‚ a fast fashion retailer Nebahat Tokatli* Abstract Until recently‚ Zara‚ a major international clothing retailer and pioneer of ‘fast fashion’ principles‚ kept almost half of its production in Spain and Portugal‚ earning the reputation of being one of the exceptions to globalization
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in creating ‘value for money’ thorough efficient supply chain and creating a good brand image by means of differentiation in customer services. Giordano in the past had adopted best practices from successful brands like MacDonald‚ United Colors of Benetton and the Mark & Spencer. Giordano was in completion with brands like Esprit‚ Benneton‚ Baleno‚ Bossini‚ G2000‚ Uniqlo and U-right which also were looking for growths in new geographies. To continue sustaining the business and craving for further
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The case of Levi Strauss (1) Who doesn’t know Levi’s‚ the American blue jeans icon known all over the world? Today‚ Levi’s is one of the world’s largest brand-name companies in the blue jeans and casual pants markets. Its products are sold under the Levi’s‚ Dockers and Levi Strauss Signature brands. While Levi’s conveys an image of quality and innovation‚ the brand is mostly recognized for its status as the original pioneer brand among international customers. With sales in more than 100
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Ethics May: 715-723. [Last accessed: 5th December 2011] JSW (2011) [Last accessed: 5th December 2011] Mintel (2011) “Clothing Retailing - UK - October 2011” [Last accessed: 6th December 2011] Mintel (2011) “Clothing Retailing - UK - October 2011 – Benetton” Wallop‚ H. (2009) Huge job losses predicted in retail sector. Available at: http://www.telegraph.co.uk/finance/recession/4108242/Credit-crunch-Huge-job-losses-predicted-in-retail-sector.html [Last accessed: 4th December 2011]
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