Quick response in fashion supply chains with dual information updating
Warren Hausman, professor of management science and engineering at California's Stanford University, says that in general, fast fashion supply chains are more complex than traditional apparel retail chains - and their overall operations can be explained through 'postponement strategy', namely transforming a product into its final form at the latest time possible.
Delaying the final product, of course, allows companies to tailor garments as closely as possible to rapidly shifting demands in the fashion marketplace.
Felipe Caro, an assistant professor at the UCLA Anderson School of Management in the US, adds that each category of fast fashion product almost needs to have its own supply chain, too.
'Basics' for example - the generally lower-cost, staple offerings of a retailer - have more stability in terms of demand.
Postponement strategies have the capacity to dramatically reduce manufacturing and delivery lead times from months to days.
Dual supply chains For most retailers and brands, for instance, development calendars from concept to consumer average 52 weeks or more, but today's competitive supply chain must have options for 26-week deployment and "fast track" capabilities of 13 weeks, according to John Thorbeck, chairman of American firm Chainge Capital, which builds speed-to-market analytics for the retail supply chain.
Cross-docking is a critical part of many fashion and textiles supply chains in practice because it can help to achieve many supply chain strategies such as postponement.
We consider a model where there are multiple suppliers and customers in a single cross-docking center.
Optimal Reservation Pricing Strategy for a Fashion Supply Chain with Forecast Update and Asymmetric Cost Information. Global manufacturing and supply chains are shifting and changing in response to fast fashion's demand for up-to-the-minute styles and trends at relatively low prices.Manufacturers and suppliers in the fashion production chain used to have a fairly cut and dry job: procure a certain amount of fabrics and materials at the beginning of the season to be manufactured into a predetermined number of apparel items in specific styles, colours and sizes.The ten-course program can be completed in as little as one year without any residency requirement. There are no in class courses and hence there is no requirement to be on campus during the entire duration of the program.The program is designed to be completed online anytime, anywhere, in a highly interactive setting.