Supply Chain & Production Strategy
Creating and managing an effective or agile sourcing and supply chain strategy in an industry as complex as fashion can be challenging. With components and finished products often coming from different sources, suppliers, regions, countries, and continents, even geopolitics and hurdles in logistics availability can add cahllenges in delivering what is usually a wide variety of products.
At Conceptable, we offer expert consultative strategy sessions to help fashion businesses review and strategize their supply chain and production processes. We can help you determine whether your current strategy matches your current needs and whether the direction of your business indicates that future needs may require a shift in sourcing or supply chain strategy.
We can also identify potential efficiencies that could be gained by making changes to processes or routines, potentially benefiting one or more regional markets.
An effective production and supply chain strategy is crucial for fashion businesses looking to serve local and global markets equally well with their creations and collections. At Conceptable, our team has extensive experience in the fashion industry, and we are well-equipped to help you navigate the challenges of managing a complex source base. We are committed to being a trusted partner for our clients, and we are dedicated to helping you succeed.
How do you know if Supply Chain Strategy evaluation is what you need?
If you are unsure if the supply chain strategy services will cover everything you need for your specific situation, our D.O.C.S. review may be a great start. Having a supply chain consultant guide you through this quick but comprehensive review, you look at your business Directional, Operational, Commercial, and Sustainability status and the ability to deliver the current strategies. The result should highlight if there is a supply chain strategy issue, as well as where other improvements may be needed and would bring the most value. You can then use that information to make decisions internally or with our guidance.
Featured: Why an effective sourcing and supply chain strategy matters in the fashion industry.
As a fashion business owner, you understand how critical it is to keep ahead of the competition and fulfil your customers’ expectations. Your sourcing strategy – how you procure raw materials, products, and services – is a critical component of this. While cost and speed are key considerations, they are not the only ones.
Political unrest and geopolitics can hinder the logistics and efficient flow of goods and raw materials, causing delays and cost increases. A digitized, flexible and agile supply chain and manufacturing strategy can assist a fashion company in navigating these obstacles while minimising the impact on operations.
Natural catastrophes and other environmental variables can also interrupt the supply chain. To manage risk, a supply chain consultant vetted strategy can assist a fashion company in identifying alternate sources of supply and diversifying its production sites.
Economic insecurity can have an impact on product demand and raw material prices. A well-planned digitization effort, combined with a solid supply chain strategy can support a fashion business in responding to market changes while limiting the effects on profitability.
A fashion company can benefit from differences in labour and production costs by sourcing materials and production from multiple countries, thereby lowering costs and increasing efficiency. However, this increases the supply chain’s complexity, making a solid and well-considered strategy even more critical.
A robust supply chain management plan can also guide a fashion company in responding rapidly to changing customer demands and trends, allowing it to stay competitive in the marketplace. This is especially vital in the fast-paced world of fashion, where trends can shift frequently.
It is critical to examine your sourcing strategy on a regular basis to ensure that it aligns with your business goals and always meets the expectations and requirements of your clients. Your supply chain consultant from Conceptable will show how this could be implemented, whilst seeing if this will require seeking new suppliers, negotiating better conditions, initiating digitization or working out how to reduce risk and increase sustainability.
A guided review of your sourcing and supply chain strategy can considerably increase your company’s capacity to perform while also fostering long-term stability and agility. It can assist you in identifying chances to reduce costs, enhance efficiency, and better satisfy your buyers’ demands. It is important not to undervalue the significance of this vital element of your business operations; engage in a thorough examination to verify that your sourcing activities are working for you rather than against you.
“We have helped so many fashion businesses to make incredible progress.
However, we all know there is still so much more to do to improve the industry.
Let our sourcing and supply chain consultants guide you as you create positive change for your shareholders and people. Start by asking us about our transformative consultancy and mentoring services.”
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Focus on what you need or simply get a clear picture of your business’ Directional, Operational, Commercial, and Sustainability status.
Further reading: Useful articles for you.