What is Supply Chain Management ?

Major areas include global sourcing, vendor evaluation, quality assurance, materials
resource planning, inventory control, budget considerations, analysis of the legal
aspects and restrictions applicable to the purchasing of raw materials; these include
the study of warranties and the transfer of title.

The development of cost analysis and cash flows highlighting profitability goals.
The development of Tech Packs and other Bill of Materials (BOM). The Sourcing
of raw materials from both domestic and international suppliers. The purchasing
of a completed packaged product. The development of products through a
manufacturer or a contract manufacturer.

There are 8 sectors that make up a SC. Each sector is unique and must be completely
understood. Each sector requires a navigational plan for optimal business outcomes.

Sectors that make up a Supply Chain

Management: the process of dealing with or controlling things or people.
Procurement: the action of attaining or procuring. Also known for acquiring equipment supplies.
Analysis: detailed examination of the elements or structure of something.
Distribution: the action or process of supplying goods to businesses that sell to consumers
Logistic: managing how resources are acquired, stored and transported to their final destination.
Plan: an intention or decision about what one is going to do. (V) Decide on and arrange in advance.
Profit: a financial gain, total revenue minus total expenses must be positive.
Time to Market: the length of time from product conception until it is released to the market.

Supply Chain Sectors can be Controlled using A PROGRAM

A PROGRAM is a business strategy that can be used to control, and problem solve each sector.
It’s simply a way of understanding the needs, necessities, personnel, time, and cost to keep a
sector on course. A PROGRAM has: a simple goal, an assignee(s) and four targets, (Vital, Critical, Financial, Time). We can adjust the PROGRAM at any time. If a SC sector fails or starts to impact other sectors, its / will reveal the problem source. A PROGRAM is simple, yet detailed. PROGRAMS are all-purpose and can used for any business objective.

Buyer-Supplier-PO-Cycle

A Purchase Order is legitimate document where a store gives you an order to produce a product or service for them. If a store is reputable and you have good business credit a bank will consider lending you the money to produce the goods.

Let’s connect the SCM sectors to the above Buyer-Supplier Purchase Order Cycle

The Buyer issues a purchase order (PO) to the supplier. The PO is sent to the suppliers via email. The PO contains deliver dates, style descriptions, number of pieces wanted, price points. The buyer and supplier agreed to price points during PROCUREMENT. The PROFIT sector determined a 58% profit return for each product sold to buyer – many weeks before a PO was issued. The supplier receives the order. MANAGEMENT will PLAN a meeting to discuss financial needs, shipping considerations; LOGISTICS will prepare materials needed, inventories needed, equipment preparation. MANAGEMENT communicates and gathers all BOM’s, and Materials needed for production. LOGISTICS will prepare barcodes, shipping materials, and items for shipping. ANALYTICS/MANAGEMENT will review order will look for areas to save money techniques, look for possible shipping issues. LOGISTICS will schedule a time for the DISTRUBUTION will schedule a pick team for products to be picked up.

WHAT IS A GOOD BUSINESS STRATEGY ?

The success of a fashion sustainability supply chain is based on leaders applying their business acumen to keep the supply chain optimal. Here are 10 business strategies that can be used to problem solve the supply chain.

1. What is a SWOT ANALYSIS?
Strength, Weakness, Opportunities, Threats ( discuss this frequently with your team )

2. What is Big Data?
Data collected passively, with high velocity, with a great variety of digital interactions

3. What is a Business Strategy?
A plan to move the business forward to increase profits or to keep the brand solvent,
created by team leaders, directors, and owners of companies, often with cash considerations

4. What is Knowledge?
To Be Vs. NOT To BE, knowing what do to, what tool, technology, or information system to u
use to solve a problem , knowing the tools of your industry.

5. What is a Business Process?
Solves a simple business problem (.i.e “we will now make all employees sign in each day”)

6. What is a Snapshot?
Taking a cell phone picture of an object, or print screen on your computer to highlight a problem or situation.

7. What is Business Intelligence?
Knowing the future (i.e. knowing how new technologies will impact your brand)

8. What is A Program?
A business strategy that can be used to control and problem solve a sector.

9. What is Data
Data is sales and transactional driven, unprocessed, collected by a database,

10. What is Information
Analytical information is processed data (.i.e. reports created using Excel)

What is Global Supply Chain Management

Global SCM use robust information systems, to process Data Pages which allows a business to submit a Global Database link to a clerk, sales rep, retail outlet, etc. to process a sales transaction to database the database in “real time.”

Fashion Professionals must be able to update ,download and ask the database questions relating sales. For advance reporting, Excel is used for advance analytical reporting.

Fashion Professionals use Business Intelligence,, knowledge and Strategies