Shrinking the time to-consumer- in fashion industry

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3 tools to stand out among the competitors by shrinking time-to-consumer

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Shrinking the time to-consumer- in fashion industry

  1. 1. Shrinking the “time-to- consumer” in fashion industry By: Prashant Agarwal
  2. 2. Ample choices and options available Switching is easy between brands and retailers2
  3. 3. Era of Fast Fashion Need to Offer “In Vogue” Products and Change Fast3
  4. 4. So…Shift in Focus Focus to reduce time has been shifted from “Order to Delivery” “Design to Retail” Need for the Business model Retailing Design Distribution Sourcing & Manufacturing4
  5. 5. What is fast fashion for manufacturers Fast Fashion Smaller Order Quantities No Economies of Scale Shorter Lead Times Agility Surmount these Better Productivity challenges with Flexibility Connects 1. Downstream to connect with buyers and understand what is happening in fashion world 2. Upstream to connect with suppliers and have close relation5
  6. 6. Role of Retailers 1. Use of analytics to understand: • Buying Patterns • Changes in Preferences • Forecasting 2. Can be flexible through: • Innovative Designs • Conversion Delay 3. Understand the impact on manufacturers and need for coordination to ensure maximum support6
  7. 7. How to stand out among your competitors 1. Invest in Technology 3. Quick Response 2. Improve System backed with Production System Decision Support System7
  8. 8. 1. Invest in Technology • Manage the entire lifecycle of a product from PLM its conception, through design and manufacture, to service and disposal • Integrate internal and external management ERP information across an entire organization • Spans all movement and storage of raw materials, work-in-process inventory, and SCM finished goods from point of origin to point of consumption • Managing a company’s interactions with CRM current and future customers8
  9. 9. 2. Improve Production System Production Systems like Modular Production Systems, Unit Production Systems and/or Lean Manufacturing Systems help in improving quick response9
  10. 10. 3. Quick Response System backed with Decision Support System Improve the decision making ability across departments by creating a visible organization with self-monitoring mechanism. Process Control Business Visible Remodeling Organisation Decision Support System Planning & Sustainability Scheduling Resource Management10
  11. 11. Contact Prashant Agarwal Joint Managing Director prashant.agarwal@wazir.in +91 9871195008 Harminder Sahni Managing Director harminder.sahni@wazir.in +91 9810066246 Wazir Advisors Pvt. Ltd 3rd Floor , Building #115, Sector 44 Gurgaon - 122 002 Haryana Tel : +91 124 4590 30011

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