Zara is a Spanish clothing and accessories retailer‚ founded in 197 by Amancio Ortega. Zara has now became possibly the most innovative retailer in the world. By the end of the year 2011‚ Zara has reached 82 markets globally with a network of 1.830 stores. Zara’s secret of successful fast fashion business model is mostly about their responsive buyer driven supply chain. The customer plays an active role in the business model. Design and production activity begins with customer demand and retail
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1. Zara profile Zara is the most internationalized of Inditex’s chains which owned by Spanish tycoon Amancia Ortega. The first Zara store opened in 1975 and there are more than 1‚500 Zara stores around the world until now. It is claimed that Zara needs just two weeks to develop a new product and get it to stores‚ compared with a six-month industry average‚ and launches around 10‚000 new design each year. Zara has resisted the industry –wide trend towards transferring fast fashion production to
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Research papers Zara : A. Clearance Pricing Optimization for a Fast-Fashion Retailer Summary: The research paper ‘Clearance Pricing Optimization for a Fast-Fashion Retailer’ talks about how Zara has increased its clearance revenues by approximately 6% by following a price optimization model. Zara uses minimal in-season promotions and offer continuous changing styles. However they were facing clearance pricing problem because it involved comparatively more different styles of unsold inventory
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Zara Thrives by Breaking All the Rules - BusinessWeek Page 1 of 2 INNOVATION October 9‚ 2008‚ 5:00PM EST Zara Thrives by Breaking All the Rules How the Spanish apparel chain gets new designs into stores in two weeks while keeping costs low by Kerry Capell ARTEIXO‚ SPAIN Many U.S. apparel retailers are choking on slow-moving inventories as consumers hold back on spending. But Spain’s Inditex‚ whose Zara chain pioneered cheap chic‚ is zipping ahead. The $13.8 billion company‚ which
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Management Fast Fashion Industry [pic] MBA 4642 - Products & Processes Module Leader: Dr. Louise Boutler Venkatesh Kumar Subburaj Assignment 2 (Individual) Word Count: 2193 M00328327 04.04.2011 Middlesex University Business School Contents ABSTRACT 3 1. Introduction 4 1.1 Nature of fast fashion industry 4 2. Importance of agile supply chain in fast fashion industry 5 3. Managing the Fashion logistics pipeline 6 4. Global Quick Response (GQR) in Fashion Industries
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Warehouse Inventory Management A Case Study in Retail Fashion Industry Company Name Zara International Objective for a warehouse management is fully utilize the space‚ improved the productivity of operations flow and reduce the inventory carrying cost. From the case of Zara‚ I found that they arranging the cross-dock rather then typical storage function. Because they have the commitment about the order fulfillment time from warehouse to stores‚ for examples 24 hours to European countries‚ 48 hours
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ZARA (Study case) Vladimíra Olívia Gáborová Vlada.gaborova@gmail.com ISL 356 Phd. Emre Demirci Study case 11.4.2014 Manufacturing and clothing business has a long tradition and it is well established. People always feel need to protect themselves against the wind‚ cold‚ sun etc…. In the past there was not a high demand for clothes‚ since it was much as a cottage industry. Everything starts to change by industrial revolution‚ when development in technology opened
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Zara as being one of the major international clothing retailers stands out with its business and marketing model. Zara is also often one step ahead of the high-fashion ready-to-wear brands by providing similar garments made with less expensive fabric so prices much lower. Zara’s business model is characterized by flexibility‚ which is a production method that fulfils demand in order to manage quick turn-around‚ limited season stock and at a low price. The secret to Zara’s success is that‚ although
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Zara: IT for Fast Fashion On a beautiful August night in 2003‚ Xan Salgado Badas and Bruno Sanchez Ocampo settled into seats at their favorite tapas bar in the Spanish city of La Corufia‚ ordered pulpo gallego (octopus Galician style)‚ and resumed their argument. Salgado was the head of IT for lnditex‚ a multinational clothing retailer and manufacturer headquartered in La Corufia
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and discussion As complete as possible‚ sketch the supply chain for Zara from raw materials to consumer purchase. Raw material – High tech automated cutting facilities – Small workshops – Ware houses – Stores – customers – Stores – Commercial managers Raw material Zara makes 40 percent of its own fabrics and produces more than half of its own clothes (maximize time efficiency) Cuts fabric in-house As it completes designs‚ Zara cuts fabric in-house. The cutting is done in Zara’s own high-tech
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