Experience Sharing In Garment Industry Management

< p > in order to maintain the interest of < a href= "http://www.91se91.com/news/index_c.asp" > retailers < /a > and stimulate consumer purchase, garment enterprises must keep up with the seasons and constantly design and develop new product lines.

Clothing companies have found that to keep up with retailers' interests and consumers' needs, it is more urgent to improve their flexibility and responsiveness.

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< p > < strong > global competition < /strong > /p >

< p > clothing industry is a large-scale and cross-border business mode.

The clothing industry represents the output value of 101 billion dollars, of which the world's top 100 garment enterprises account for half of the total output value.

Global competition is increasingly fierce everywhere, especially from small and medium-sized garment enterprises with very low labour costs (for example, clothing companies with annual output value of 50 million to 500 million dollars).

These enterprises solve the problem of rising raw materials and operating costs through good operation and management, and reduce labor costs, so as to maintain a small profit margin.

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< p > < strong > complex < a href= "http://www.91se91.com/news/index_c.asp" > Management > /a > /strong > /p >

< p > any enterprise defined by SKU (StockKeeping Unit-- stock unit), that is, defining a product in terms of style, color and size, is very complex in management and management, and clothing enterprises belong to this type.

Undoubtedly, a large number of SKU make the complexity of operation management exponentially increase in garment enterprises.

Many garment companies deal with hundreds of thousands of SKU every day, managing countless styles, structures, customer identities and even more data.

In this highly complex business management, accurate prediction, material procurement management, production planning and distribution management are particularly important.

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< p > < strong > the lead time is longer and the product is < a href= > http://www.91se91.com/news/index_c.asp > life cycle < /a > shorten < /strong > /p >.

< p > in garment industry, it is a key factor for a garment enterprise to become a market leader to produce products needed by the market. Therefore, the choice and grasp of the timing is the key to the garment industry.

As you can see, the retailers at the front end order products to keep their inventory. They arrange advertising and promotion plans, and allocate their inventory before each season.

This requires manufacturers to ensure that they have the ability to supply to retailers, and to send the products that retailers need to them on time.

As some garment manufacturers learn from experience, failure to deliver products by agreement means losing customers and selling failures, leading to loss of profits.

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< p > < strong > financial operation management < /strong > < /p >

< p > because garment enterprises are material and labor-intensive enterprises, there are many garment manufacturers in every season to borrow large amounts of operating capital from banks and other financial institutions to expand their scale and increase their output. Of course, they have to pay a large amount of interest on loans.

As a result, many clothing companies want to increase their profits by increasing sales, but in fact, the increase in interest payable has led to no increase in profits.

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