QUESTION 1 As completely as possible‚ sketch the supply chain for Zara from raw materials to consumer purchase. ANSWER ZARA’S SUPPLY CHAIN Description Zara makes about 40% of their raw material (fabric). The remaining 60% is outsourced from within Spain‚ mostly from the La Curuna. Designing of clothes at Zara is done by creative teams of over 300 professionals at the headquarters in La Curuna‚ Spain. They act on the information fed to them from the stores managers. The first stage in
Premium Supply chain Marketing Distribution
Background Information 1.1 Company overview The firm Zara is a Spanish clothing and accessories retailer based in Galicia‚ northern Spain. In 1975‚ founder Amancio Ortega opened the first store in La Coruna‚ Spain. Zara is the flagship chain store of the Inditex group (Industria de Diseno Textil)‚ encompassing many self-designed different fashion styles from daily clothing to formal suits‚ evening dresses and business wear. Their stores feature low-costs lookalike products of popular
Premium Management Marketing Sociology
Economic Book Value (EBV) Capital Calculation – Operating Approach | Fluid Milk | Cultured | Ice Cream | Industrial | International | Asset | | | | | | Operating Cash | 1045 | 174 | 364 | 1225 | 136 | Accounts Receivable | 12568 | 2095 | 4380 | 14737 | 1637 | Inventory | 30988 | 10587 | 52338 | 74198 | 5003 | Prepaid Expenses | 4932 | 1822 | 2718 | 6782 | 2642 | Income and other taxes receivable | 1267 | 0 | 1236 | 2244 | 647 | Total Current Asset | 50800 | 14678 |
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable
Social environment: With the huge numbers of store (one more is opening in Sydney‚ Australia)‚ Zara has settled in many countries. Therefore‚ the firm must respect the culture of each kind of customers‚ wherever they are from. Zara must create clothes that fit to every kind of culture around the world. Moreover‚ Zara only employ people that live next to the store. By encouraging local employment‚ Zara helps the country to fight Unemployment. -The Legal environment: The great numbers of shops
Premium
Law and Corporate Managers – Prof. Larry Franklin Question Two A. (i) For refusal In order to honor the LC‚ the Seller has to comply exactly with the terms of the letter of credit. There are numerous typo errors in the LC and misspellings of the destination port and the Seller name‚ hence only a waiver of the discrepancies from JFTC will enable Bank of China to pay the Seller. As long as the waiver is not received‚ the BOC cannot make any payments. BOC has to state why it is not going to
Premium Contract Corporation Types of business entity
on the Spanish retail giant‚ Inditex and how its largest retail chain Zara has been so successful through its simple business model of speed‚ flexibility‚ and high fashion. As of 2002‚ Inditex had six separate chains: Zara‚ Massimo Dutti‚ Pull & Bear‚ Bershka‚ Stradivarius‚ and Oysho. Each chain operates independently and is responsible for its own strategy‚ product design‚ sourcing and manufacturing‚ distribution‚ retail. Zara is by far the largest‚ most profitable‚ and most internationalized of
Premium Point of sale Operating system
sometimes that change is dramatic it changes how you think‚ how you act. Buck happened to go through one of these drastic changes‚ but it changed him for the better and not worse at least that’s how he sees it. In the book “The call of the Wild” Jack London writes about Buck just a normal dog‚ and how the switch from living in a wealthy house in Santa Clara Valley‚ to a moving camp of sled dogs changed him over the course of a year. At first he was a regular dog who thought he was the center of attention
Premium English-language films Debut albums Klondike Gold Rush
The case of Zara: a supposed exception to globalization The article written by Nebath Tokatli is about the case of Zara‚ a fast fashion retailer company supposed to be an exception to the global trend of this sector. The author‚ after a brief introduction in which she declares her purpose to demonstrate this idea to be false‚ starts describing the change in the culture of fashion from “houte couture” and ready-to-wear too fast fashion. Fast fashion retailers do not directly invest in design
Premium Fashion
Kaseumsouk‚ Rishi Gurung‚ Savouth Seng‚ Dev Shrestha‚ Soukry SopCase 3: Zara IT for Fast Fashion11. How would you advise Salgado to proceed on the issue of upgrading Zara’s POS systems?Salgado should be more open-minded when evaluating a newer POS system. Store employees have expressed frustrations with the current process. For instance‚ they are unable to determine if a garment is in stock without manually sifting through merchandise. Zara should provide employees the ability to review inventory balances
Premium Strategic management Business process Floppy disk
from South Africa and Egypt‚ this paper addresses three different lacunae in the literature. First‚ the paper has brought into focus a comparison between two emerging markets that have very different political and economic legacies‚ institutions and business environment. The results are consistent with the prior that the determinants of the choice of entry mode would be different for these two countries. Second‚ it has distinguished between the manufacturing and services sectors during the empirical
Free Economics Investment Development