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Nike’s Responsive Supply Chain Success Learn more about how leading brands implement responsive supply chain methods to thrive in a complex and fast-moving industry. What can you expect from this White Paper? In 2017 Nike announced a range of responsive and agile strategies aimed at ensuring the company’s top market position in the future. This
Content Good inventory management in supply chain companies achieves two objectives: To ensure a ‘proper visual display,’ for an attractive offer that makes consumers want to buy (the right stock). To have enough to cater for sales, that can be expected until the next delivery (enough of it). Dr Goldratt, founder of the Theory of Constraints and Throughput Accounting, and the author of the title
Content “Tell me how you measure me and I will tell you how I will behave. If you measure me in an illogical way, do not complain about illogical behaviour” – Eliyahu M. Goldratt When we measure performance, we want to compare the actual output of something to a predefined ideal. A variance from the ideal should
The Open to Buy or OTB is a common concept in the fashion industry, that is used by buyers and retail managers to control trends in a proactive way. Their main goal is to optimise inventory levels while maximising profits. Open to buy is often used as a control measure that aligns orders to ensure
Table of Contents Efficiency measures and cost-cutting is regarded a quick-fix tonic for ailing Key Performance Indicators, but they have left supply chains in the fashion industry addicted to a cycle of cheap production and unnecessary waste. Without investment in responsive and agile processes, many companies have been unable to adapt and cope with the
Table of Contents Being well-adapted is an advantage – but becoming too fixed in that adaptation becomes an existential threat when conditions change. A Responsive Supply Chain (RSC) is able to provide both the advantage of being well adapted (efficient), while retaining the flexibility to change quickly to new realities, thereby also being effective. Significant