The major benefits of global sourcing in particular to Apparel industry are as competitive advantage, quality assurance and service enhancement However, the same include, four challenges to conquer- which are logistics, regulations, cultural difference and country uncertainty. – Benefit of technical skills of the suppliers – Benefit of greater technical specialization of purchasing staff. – Benefit of greater technical specialization of designing staff
– Benefit of quality practices of the supplier procedures to reduce errors – Improvement in logistic operations under defined procedures – Additional functional advantage with centralized purchasing policy from different suppliers – Cost benefit due to consolidated small material requirement batches. – Allowance of easy purchase with great coordination and control – Technical standardization of suppliers – Effective long term and short term planning with a flexibility to change the non effective sourcing line.
2. 2 Historical perspective: During the 1990s, Gereffi developed his Global Commodity Chain theory, which explains the restructuring of the global retail industry. He defines the commodity chain as “the range of activities involved in the design, production, and marketing of a product” Gereffi (1999) as cited in Eun-Ju Lee & et al. , Gereffi identifies two types of global commodity chains: producer-driven and buyer-driven. (Eun-Ju Lee & et al. ,)
The textiles and apparel industry is characterized as a buyer driven commodity chain, in which retailers and branded marketers are able to coordinate a global supply network and captue substantial portions of the value chain, Craig & et al as cited in Eun-Ju Lee & et al. ,. Lead firms in the buyer-driven commodity chain tend to have core competences in understanding end –user preferences, designing products wit the right distribution plan. In addition, they are able to administer global sourcing networks by using technology and financial resources, Christerson & Gereffi as cited in Eun-Ju Lee & et al. ,
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more