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Innovative Supply Chain Management

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Added on  2021-05-31

Innovative Supply Chain Management

   Added on 2021-05-31

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POWERSOURCERS-INNOVATIVE SUPPLY CHAIN MANAGEMENTNAME OF THE STUDENTSTUDENT IDNAME OF THE UNIVERSITY
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INTRODUCTIONTheglobal market of fashion retailing industry is facing significant challenges in adapting to the new customer demands.The supply chain management along with the logistics are considered to be the main parts which are blocking the follow of trends.The fashion industry is significantly subjected to the unforced or unanticipated events like the inflation or financial crisis (fernie & sparks, 2014).
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NEED OF INNOVATIONThe major issue of recent time in the fashion industry is the increment of the lead time in between the arrival of the products to store from the manufacturing centres.The supply chain management of the fashion industries are finding it significantly difficult to anticipate the current trends and the complexity of predicting the changes in the fashion style are the main barriers in terms of acknowledging the consumer demands.The absence of perfect synchronization among the customer demand and the supply chain activity are also contributing to the list of obstacles in the adaption of the fast fashion changes for the industry (caro & martínez-de-albéniz, 2015).The adaption of fast fashion changes becomes difficult if there is absence of effective stock and that is instrumental in switching over of the customers to some other brands.
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DESCRIPTION OF THE CONCEPTThe inclusion of Powersourcers business concept into the fast fashion industries is significant in generating the on-time or real-time information and that is highly helpful in transferring important information to the different stakeholders of the organization (basu, 2017).The supply chain model will be significant in allowing the collaboration of the suppliers, manufacturers and the retailers in sourcing the material with desired quality which will be aligning with the customer needs (grefen et al., 2017).The supply chain model will be significant in allowing the collaboration of the suppliers, manufacturers, warehouse team and the retailers in sourcing the material with desired quality which will be aligning with the customer needs (grefen et al., 2017).
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