Fast Fashion Literature Review
2.2 Statement of the problem(s)
2.2.1 Definitions Tony Hines and Margatet Bruce (2011) raised the concept of fast fashion as a contemporary term used by fashion retailers to express that designs move from catwalk quickly in order to capture current fashion trends. Its clothing collections are based on the most recent fashion trends presented at Fashion Week in both spring and autumn of every year (Muran, 2007). These trends are designed and produced within a short period at lower cost to allow retailers provide the mainstream consumer with current clothing styles and popular price. Multination Fast Fashion Apparel Industry refers to a set of multinational apparel firms which conduct the concept of fast fashion. The typical firms are Inditex,
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It is a system combining quick response techniques and enhanced design techniques which are also the main features of fast fashion in costume industry. As aforementioned, quick response technique refers to short lead times which are enable through localized production and sophisticated information system. By using information systems, costume companies carefully monitor consumers’ tastes and responses of products. Tokatli (2007) introduced the location choices of fast fashion industry by using Zara as the successful operating case. Instead of highly global sourcing, Zara chooses to localize its manufacturing near Europe, considering the relative low cost of labor and convenient of contribution. The enhanced design will add extra value to products and attract more thoughtful consumers. Although the extra design cost may lead to higher price, customers are willing to afford the “hot” design products that capture the latest consumer trends (Cachon and Swinney, …show more content…
Some previous works have focused on studying how lead-times, including time-to-market, time-to-serve as well as time-to-react, i.e. the time taking to design, make and ship the product, other than forecasting methods, affect the consistency and accuracy of sales prediction, an important factor for logistic management. Based on the condition of fast fashion market, some economists, such as Harrison and Christopher (1999), established the term “agile supply chain” against the conventional supply chain. They described the agile supply chain as market sensitive, virtual, net-work based, process aligned and therefore, could better conform to the development trend as agility of fast fashion
Lvmh Porter's Five Forces
885 Words | 4 PagesDue to their huge success, control over suppliers can be always be maintained by the company. Rivalry among the competitors is the force to reckon with and it is the one that will decide the future profitability of the fashion industry. Competition in fashion is very high since there are only a handful of competitors when looking at the giants. Future Industry evolution Scenario 1 The future of today’s world is technology.
Annotated Bibliography On Fast Fashion
822 Words | 4 PagesSecond Assignment – Annotated Bibliography and Thesis Statement by Cheryl Chi Yue Leung (214185045) York University NATS 1840 15th January 2016 Thesis: How material elements of the modern fast fashion practice reinforce the meanings of unethical production, and thus explain low prices come with low product quality and negative environmental and social impacts Annotated Bibliography 1) Anguelov, N. CRC Press. (September 2015) The dirty side of the garment Industry: fast fashion and its negative impact on environment and society.
The True Cost
1006 Words | 5 PagesThe film “The True Cost” directed by Andrew Morgan, goes into great detail on the global world of fast fashion, and how it affects the global apparel industry. The countries in which the clothes are produced, there are significant issues with labour regulations, all to accommodate North America’s demand for fast fashion consumerism. The global North consumers demand for fast fashion have effects globally, leaving workers underpaid and exploited. Through management methods and outsourcing, firms search for the lowest costs for the consumer, without concern about the consequences for workers. Relocating the garment industry to the global South can arguably be the downfall of workers as they are sacrificing their lives for their job.
Business Analysis: Strategic Analysis Of Zara
2467 Words | 10 PagesSTRATEGIC ANALYSIS OF ZARA Name of Student: Student’s ID INTRODUCTION Zara was found in 1975 by Amancio Ortega and Rosalia Mera. It is Spanish clothing and accessories retailer. Zara is the biggest and most internationalized of the six retailers that Inditex claims, that is, Zara, Massimo Dutti, Pull & Bear, Bershka, Stradivarius, and Oysho. Zara at present has 1,751 stores around the world.
Swot Analysis Of Uniqlo
1486 Words | 6 PagesThe company Fast Retailing Co., Ltd was found and established on 1 May 1963 in Japan by Tadashi Yanai. Presently, they have launched several apparel and lifestyle brand of UNIQLO, GU, Theory, Comptoir des Cotonniers, Princesse tam.tam and J Brand. UNIQLO was first, to be introduced by Fast Retailing in 1984. It was a brand created to provide comfortable causal clothing to everyone, women, men, kids and babies. A lifestyle wear that was made for all, for everyday activities.
Artificial Intelligence In Fashion Industry Essay
1358 Words | 6 PagesArtificial intelligence is widely applied in different fields, such as medicine, engineering and design. Fashion industry is one of the industries that artificial intelligence applications are used in production processes. There are four operation processes of the fashion industry: fashion design, manufacturing, retailing, and supply chain management. The fashion industry, or called apparel industry, is the industry engaged in manufacturing garments and accessories and it is one of the most significant economic sectors in the world. Design, manufacturing and retailing are the three compulsory processes for a fashion item from designers and sold to customers.
Domino's Value Chain Analysis
1791 Words | 8 PagesThe Value Chain 4 4. Operations Strategy Implications (Store level) 5 5. Inventory Management and Demand Forecasting 9 6. Supply Chain Management 9 7. Quality Management 11 8.
Zara Core Competencies
3756 Words | 16 PagesResource base view can be considered as an economic tool that is used to determine the strategic resources that are available to a firm. These can be created as a competitive advantage later. When considering about the Zara’s product development strategy, one resource base decision is their designing function. The company has organized their designing function in a way that it will contribute a lot to come up with new trends for the organizations. One is that they are highly in alert of the fashion market, trade fairs, magazines etc.
Human Resources Management In ZARA: Human Resource Management
1741 Words | 7 PagesReasons for choose this manager – ZARA HRM’s importance has grown dramatically in the last two decades. This new importance stems from increased legal complexities and the recognition that human resources are a valuable means for improving productivity, the awareness today of the costs associated with poor human resource management. The report will discuss the ZARA company about the human resource. ZARA is a subsidiary of the Spanish Inditex group, which is not only the clothing brand, but also the franchise ZARA brand clothing retail chain brand. Inditex is ranked first in Spain, the world's third largest clothing retailer, in 2005 its global sales of EUR 6 billion 741 million, sales of up to 429 million, net profit of $803 million.
Zara Leadership Style Analysis
765 Words | 4 Pages(BARNAT, "Concurrent Control") As fashion trends tend to change every now and then, Zara could use this control to work on latest trends and future trends. This to ensure that employee work activities produce the correct results without any major wastage and unacceptable services. This also allows Zara to be up to date with its fashion knowledge and also sustain its position in the
Advantages And Disadvantages Of Supply Chain Management
771 Words | 4 PagesThe best companies in the world are discovering a powerful new source of competitive advantage. It's called supply chain management and includes all onboard activities that bring products to market and satisfied customers. The Supply Chain Management program covers topics from manufacturing operations, transportation, purchasing and physical distribution for a single program. Coordinated the successful management of the supply chain and all these activities integrated in a continuous process.
Zara Target Market Analysis
1596 Words | 7 PagesOn the other hand the fact that Zara produces the remaining 40% internally, is a strong asset, providing better control, and short lead-times. Finally the fact that Zara owns 450 workshops were garments are to be sewed is a major asset ensuring quality. Another important asset in terms of production, is the technologies involved, for instance the cutting machines, to minimize waste (Ferdows & co. 2014 p9), used in combination with the last-final hand-made sewing. The ease of the connection between the production center and the distribution center is also an important time-saver element, and therefore
Case Study Analysis: Zara Fast Fashion
1715 Words | 7 PagesValue chain Furthermore, the Zara‘s global value chain varies from its competitors and it is totally matchless for the reason that their lead time is just about two weeks that is quite encouraging for them to compete with their competitors viably. With the help of effective value chain, it helps them to create new and innovative designs in just two weeks (Finney, et al.,
New Balance Case Study
1064 Words | 5 PagesThis is also helpful to develop fashion-oriented products, which have a shorter time to
The Impact Of Globalization In The Fashion Industry
870 Words | 4 PagesAs a result, the company has suffered for disappointing earnings and sales. One of the reasons is because in the attempt to turn around the company, the raw material and labor cost increased which lead to an increase of 20% per item. As a result, now the company is facing struggles because foreign competitors such as Zara, H&M, Walmart and Target are stealing its customers with cheaper and fresher fashion. Another driving force that affects the fashion industry is the information revolution. The instant availability of information and instantly interaction are the implication that has changed the nature of competition in the fashion industry.
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