North American Apparel Industry

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The above infographic discusses the North American apparel industry, statistics on apparel ecommerce and what apparel inventory software is all about.

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North American Apparel Industry

  1. 1. visitapparelpage Sources:ResearchandMarkets,Treehugger,RetailCouncil,TheTorontoStar,Reuters,INC,Euromonitor Formoreinformationon ApparelInventorySoftware matrixexample Onestyleofproductmaycomein5coloursand7sizes,creating35 discreteproductsforinventorytrackingpurposes.Belowisan exampleofamatrixtosimplifyorderentry. Sincebothsalesandpurchaseordersare likelytocontainproductsofthesamestyle withvariedcoloursandsizes,itismuch easiertoenterquantitiesinamatrixfora givenstyle.Usingthisapproach,anorder entryemployeecanplaceordersby navigatingamatrixofallcoloursandsizesnavigatingamatrixofallcoloursandsizes foragivenstyle,addingquantitieswhere appropriate.Thiswillcreatemultipleorder linesinafractionofthetimeitwouldtaketo keytheminlinebyline.Thesame functionalityshouldbeavailableforplacing purchaseorders.Similarly,amatrix approachtopricechangesonasalesorderorapproachtopricechangesonasalesorderor purchaseordercansavetimeandreducethe chanceoferrors. OrderEntryandPurchasingMatrix Usersdefineabasepartnumber(suchasastyle) withvariationsintheproductIDtoaccountfor sizeandcolour.Thisisparticularlyusefulinsitu- ationswhereusersnotonlyneedtocreatedozens ofvariationsofaproduct,butneedtoinputde- scriptions,categories,pricingandotherproduct information.Replicatingthis informationmanuallyacrossdozensof variationscanbebothtime-consumingand error-prone. ProductGeneration apparel-specificfunctionality ERPisafullyintegratedsystemthat includesinventory,accountingandcontact managementandisdesignedasan end-to-endsolutionforallaspectsof businessoperations.SomeERPsystems willalsoincludeeCommerceintegration. } enterpriseresourceplanning Whensearchingforapparelsoftware,itisbesttosearch forasystemthatincludesapparelspecificfunctionality butalsofunctionalityforallbusinessoperationssuchas anERPsystem. whatis apparel inventory software? Abilitytogetstock informationin realtime Abilitytoeasily makechangesto product information Abilitytomanage numerousproduct codesproperly apparelinventorysoftware Anyonewhohasworkedinthe apparelindustrywithclothing,shoes, sportinggoodsandsimilarproducts knowstheinherentcomplicationof dealingwithlargenumbersof productsthataresimilar,yetneedtoproductsthataresimilar,yetneedto betrackedseparately. commonissues: Mobile eCommerce intheUS continues toincrease 65%ofmid-largesize retailersinCandahadan eCommercesitein2010, withmostplanningto haveasitewithin fiveyears AlthoughtheCanadiannumbersare good,USretailersandmarketersare evenbetteratutilizingtheinternetfor drivingapparelsalesandhavebeen consistentlyprovidingmore sophisticatedonlineofferings. Theseincludecomponentsthatallow consumerstocompareprices,followconsumerstocompareprices,follow styletrends,viewnewcollections,and readcustomerratingsandreviews. eCommerceisveryimportanttothe apparelindustryandalthoughmany companieshavetakentheleapto sellingonlinetheopportunitystill remainsforthosewhohavenot. Clothing,accessories andshoesareoneof themostpopular categoriesofitems purchasedover theinternet apparelecommerce Mostgarmentproductionforthe U.S.marketisnowindeveloping countriessuchasChina,Dominican Republic,ElSalvador,Guatemala, Honduras,Indiaandthe Philippines. In2010,Americanhouseholdsspent,onaverage, $1,800onapparel,footwearandrelatedproducts andservices. However,manufactuirngproductionintheUShas increasedbyabout5.7%sinceJune2009-itsfastest paceinadecade. theusapparelindustry Percentageofthe approximatley 73,000employeesin theapparelindusrty whoarewholesalers In2010,Canadiahouseholdsspent, onaverage,$2,500onapparel, footwearandrelatedproductsand services. 37% TheCanadianapparelindustryisagrowingmodern industrynolongerdefinedbythelocationofasewing machine,butbasedonitseconomicoutputthroughout itsvaluechain.Manynewjobsandopportunitiesare beingcreatedforthethousandsofyoungCanadians nowstudyingincollegesanduniversities. thecanadianapparelindustry In2010,China’stextileindustry processed41.3milliontonsoffibre, whichaccountedfor 53%oftheworld’stotalproduction Theglobaltextiles,appareland luxurygoodsmarkethadtotal revenuesof$3,049.5billionin2011 theglobalindustry thenorthamerican apparelindustry

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