A look at the advances in technology in the apparel industry.
Written in 2009; 1,230 words; 2 sources; MLA; $ 41.95
Paper Summary:
The paper discusses how communication barriers between distributors and suppliers caused overstocking and under-stocking that made the apparel industry lose millions of dollars in business. The paper looks at how the apparel industry has utilized technology to integrate sales forecasts with the supply-chain and establish a quick response system. The paper concludes that while there is always room for improvement, the apparel industry is much better off than it was 25 years ago and it will continue to get better as the advances in technology continue on in the future.
From the Paper:
"Over the past 25 years, the apparel industry has become much more competitive than it ever had been in the past. This is because it has become so over saturated with businesses that companies must be able to streamline their production and get the lowest possible shipping costs in order to be able to give lower prices, which will lead to a higher profit if done properly. Advances in technology have made it highly possible for business to effectively streamline this facet of the industry because response times are so much quick than they ever had been before. Now, it is possible for production to begin on additional units of a product before the supply has fallen too far. This has also allowed for a smaller amount of apparels to be required in stock, which leads to fewer markdowns to be necessary."
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