Need for Speed: Becoming Faster Through Supply Chain Transformation
By digitizing the global supply chain and leveraging collaboration, automation, analytics, and achieving flexibility, a robust and comprehensive GTM platform creates value by providing speed-to-market to stay on pace with the fast fashion manufacturers.
By Joe Gabro
Digitization enables real transformation and it is the key to boosting revenue and achieving a competitive advantage, yielding three value factors through supply chain digitization,…
July 26, 2017
Speed-to-market has become the top market pressure for retailers.
There are a few companies in the apparel industry that are turning heads with their transformative process changes.
What can other industries or consumer packaged goods (CPG) manufacturers learn from the “fast fashion” leaders like H&M, Uniqlo, and Zara who are able to go from concept to shelf in weeks?
Attaining raw speed requires an overhaul of your supply chain.
To truly match the clock speed of modern fashion, companies must achieve supply chain transformation through flexibility, control tower management, and data analytics.
To stay ahead of the pack, decision makers need to be sure they are implementing advanced technology solutions a core set of capabilities that can’t be found in point solutions or every solution provider touting end-to-end competencies.
Speed is only one factor
The example set by these forerunners of rapid product development demonstrates the importance of more than just lightning lead times.
Their entire business models are oriented around agility; always looking for new trends and creating shortened design-to-build cycles that can respond rapidly.
The Digital Global Supply Chain
Digitizing global trade management processes can be more closely aligned to business policies and objectives – unlike traditional methods of outsourcing processes and/or managing disparate systems. Download Now!