The case of Zara – The Postponement strategy I) Introduction In order to compete in the world of rising globalization and shortening of product life cycle nowadays‚ firms have to deal with the demand for increasing product variety to meet the diverse needs of customers. Mass customization has become a requirement for many businesses especially in the dynamic‚ fast-changing industries. However‚ the more product varieties‚ the more difficult it is to forecast demand‚ control inventory and manufacture
Premium Supply chain management Supply chain
Postponement Strategy Materials Management End Term Project (Term –IV) Date: 15th September 2009 Submitted To: Submitted By: Prof. Vivek Kumar Namrata Agarwal(81031) Prof. Kaushik Paul Neha Gupta(81034) Contents Chapter 1 4 Introduction 4 1.1 What is Postponement? 4 1.2 A specific example 5 1.3 Postponement in operation 7 Chapter 2 9 Literature Review 9 Chapter 3 14 When is
Premium Inventory Manufacturing Costs
This is the Pre-Published Version. Analysis of postponement strategy for perishable items by EOQ-based models J. Lia‚c‚ T.C.E. Chengb‚∗ ‚ S.Y. Wanga a Institute of Systems Science‚ Academy of Mathematics and Systems Sciences‚ Chinese Academy of Sciences‚ Beijing‚ 100080‚ China b Department of Logistics‚ The Hong Kong Polytechnic University‚ Hung Hom‚ Kowloon‚ Hong Kong c Department of Mathematics‚ Qufu Normal University‚ Qufu‚ Shandong‚ 273165‚ China Abstract This paper
Premium Operations research Inventory Supply chain management
Sport Obermeyer case study Name: Dhruv Bhatt Member ID: 6000919 Date: 24 October 2014 Executive Summary: For this case‚ we will focus on the skiwear part of the Obermeyer business. It has a current cycle time of 27 months. Skiwear market is just four months long but the design and production process takes over 16 months to complete. Out the 27 months cycle‚ Obersport has 6 months to purchase‚ produce and deliver the products for winter selling in North America. Obersport
Premium Hong Kong Supply and demand China
*Sport Obermeyer:* Case Analysis Pratyusha Lakshmi Puranam Executive Summary: Obermeyer offers a broad line of fashion ski apparel‚ including parkas‚ vests‚ ski suits‚ shells‚ ski pants‚ sweaters‚ turtlenecks‚ and accessories. Parkas are considered the most critical design component of a collection; the other garments were fashioned to match the parkas’ style and color. Their products were offered in five different genders: men’s‚ women’s‚ boys’‚ girls’‚ and preschoolers’. The company
Premium Economic order quantity Hong Kong Economy of the People's Republic of China
Case: Sport Obermeyer Vijayakrishnan Krishnamurthy‚ Kara Maruszak‚ John Mulka University of Toledo BUAD 6600 July 4‚ 2014 Executive Summary Sport Obermeyer‚ Ltd. was founded by Klaus Obermeyer to provide U.S. skiers with the same protective and stylish clothing and equipment available in Germany. With a history of innovative new products and leading styles‚ Sport Obermeyer developed into a prominent competitor in the U.S. skiwear market
Premium Supply chain management Standard deviation Arithmetic mean
Sport Obermeyer Sport Obermeyer‚ Ltd was created around 1947 by Klaus Obermeyer. While teaching at an Aspen Ski School‚ Klaus noticed a difference between the clothing that his students wore and the clothing skiers wore in his native Germany. Although Klaus started out by traveling to Germany to find high-performance skiwear that was suitable for his students‚ he designed his own line of skiwear and ski equipment products and that was how Sport Obermeyer‚ Ltd was introduced. Sport Obermeyer
Premium Supply chain management Supply chain Strategic management
Abstract This report deals with the analysis of the Sport Obermeyer case‚ an American company‚ founded in 1947‚ specialized in the creation of ski wear. The case presents some problems faced by the company as a long time since the design to production and placement of the product for sale. In addition‚ the company is struggling with the sales forecast‚ which ends up generating excess production and inventory in stores. And yet‚ an important decision on how the company should schedule production
Premium Time Hong Kong Standard deviation
Sport Obermeyer‚ Ltd. General Background Klaus Obermeyer emigrated from Germany to the United States in 1947 and started teaching at the Aspen Ski School. He was credited with making the first goose-down vest from a comforter in the 1950s. In 1992‚ estimated sales were $32.8 million with 45% share of children ’s skiwear market and 11% share of the adult skiwear market. It produced and sold parkas‚ vests‚ ski suits‚ shells‚ ski pants‚ sweaters‚ turtlenecks‚ and accessories
Premium Forecasting Economic order quantity
by Laura‚ Carolyn‚ Greg‚ Wendy‚ tom‚ Wally use a weighted average with the weights reflecting past accuracy.) 2. Obtain market feedback earlier than Las Vegas‚ thereby converting some speculative production into reactive production Sport Obermeyer can invite selected retailers to come in January to aspen for an all-expenses paid” early order weekend”‚ when there is time for a “sneak preview” of the new line‚ some recreational skiing and socializing and then the early placement of orders at
Premium Time Hong Kong Term