ZARA IT for Fast Fashion ( Case Analysis) 1) Please describe three most important competitive advantages of ZARA (Inditex) over its main competitor. How sustainable is this advantage? 2) Assume that ZARA is considering to enter the US market. Please recommend actions for ZARA. Please make clear assumptions when necessary. After reading and analyzing the Zara case we came several conclusions when it comes to Zara’s competitive advantage over its competitors. We understood that Zara is using
Premium Factory Industrial Revolution Manufacturing
1. Introduction The Apparel Industry in Sri Lanka plays a key role in shaping the country’s economy which has being plagued by a thirty year old civil war. With peace restored the country is focusing all its attention on economic and development activities to rebuild the country. The Apparel industry accounts for 15.7% of total GDP of the country (Cbsl.gov‚ 2011). It is also one of the main export industries of the country‚ with an industry growth rate of 5.2%. The Sri Lankan Economy is heavily
Premium Lean manufacturing Manufacturing Toyota Production System
transactions and Monitoring of status. 2.1.2. Foreign Literature Just-in-time (JIT)‚ Vendor Managed Inventory (VMI) JIT and VMI can shorten lead time‚ improve quality and relationships if used properly‚ otherwise it can lead to increased inventory levels. Key factors for enabling JIT and VMI are common goals‚ management commitment‚ accurate information and suitable software systems. Suitable suppliers for JIT and VMI are companies that have equal dependency and/or have interdependency and are
Premium Inventory Supply chain management Supply chain management terms
The similarities and differences between the major marketing and major logistics objectives. Although marketing and logistics can be classified as two totally different subjects in the University‚ there are a lot of similarities‚ and undoubtedly‚ some critical differences. In this article‚ I will begin by discussing the similarities and differences between major marketing and logistics objectives‚ followed by some other discussion on warehousing and inventory management issues. First of all‚
Premium Inventory Logistics Supply chain management
The JIT system works with flow shop‚ which uses specialized resources; in this case‚ the work follows a fixed path. While the MRP system uses job shop‚ which uses general purpose resources‚ it is highly flexible. Between the MRP there are two kinds of differences‚ the usage and design differences. The MRP design profile points out that it has high production flexibility‚ there is a high degree of order tracking. This system needs high data accuracy and lots of computer use. As well there is high
Premium Production and manufacturing Kanban Manufacturing
burdens; however‚ as an adult they have simply became my duty and obligation in order to live a successful life. Some things are also similar. As a child I had a lot of free time during which I would play with the neighbors‚ ride my bike‚ rollerblade or play in the bright colorful plastic play house that sat in our front yard. I always knew when play time was over because my Mother would call me into the house from the front door or call over to my friend’s house and have me come home when the
Premium Rooms Money Cleanliness
Short Case Flexibility helps JIT at L’Oréal L’Oréal cosmetics is now the world’s largest toiletries and cosmetics group‚ with a presence in over 140 different countries. In the UK‚ the 45 000 square metre purpose-built facility in mid-Wales produces 1300 product types in a spotlessly clean environment‚ which is akin to a pharmaceutical plant in terms of hygiene‚ safety and quality. The plant has 55 production lines and 45 different production processes‚ and the manufacturing systems employed
Premium Manufacturing Management
OM 300 Final Exam Study Guide Chapter 4: Forecasting Forecasting Steps- 1. Determine the use of the forecast. 2. Select the items to be forecasted. 3. Determine the time horizon of the forecast. 4. Select the forecasting models. 5. Gather the data. 6. Make the forecast. 7. Validate and implement results. Forecasting Methods 1. Qualitative Method- Used when a situation is vague and little data exist. Used for new products and new technology. Involves intuition
Premium Forecasting Moving average Time series
A specific‚ finite task to be accomplished. A problem with a known solution scheduled for completion. Projects are Unique and Non-routine activities Task: Set of activities comprising a Project Work Packages: Division of Tasks Work Units: Division of Work Packages Project Management: The science and art of achieving the Requirements within predetermined Time and Resource parameters. Project Management Activities: Planning-Objectives Resources Work Break-down Structure Organization Scheduling-
Premium Project management Management Process management
Topics Covered |Class |Title |Concepts |Tools | |11. | |Components of Demand |Moving Average | | |Forecasting |What/when to forecast |Exponential Smoothing | | | |Time Series
Premium Inventory Safety stock