December 17, 2024
In today’s retail business, most money is invested in inventory. Inventory is the merchandise we want to sell to our customers. If we buy too much even if at the end of the year, we are profitable, we will not have cash why? Because that cash is stuck in inventory form. Read the full post...
August 23, 2024
In this article, I’ll cover the technical and numerical perspectives of buying and merchandising and some of the day-to-day usable formulas. These are vital perspectives because mathematics, statistics, and analytics come into the picture to help organizations perform a number of planning, tracking, and monitoring tasks.
August 15, 2024
Buying and merchandising is a core business function of an enterprise immersed in the retail selling of products to consumers. It means the whole idea revolves around the product perspective. As business functions buying and merchandising sit in the much bigger framework, which is known as the supply chain, broadly speaking it is the collaboration of different companies with the primary aim of getting the right product to the customer like you and me who wants the latest trend and technology.
March 31, 2023
The textile and clothing industry has numerous negative effects on the environment, including a heavy reliance on water and energy resources, the use of hazardous substances in production, and the problem of appropriate disposal. Fast fashion has exacerbated the issues, resulting in millions of tons of clothing being thrown away annually.
March 28, 2023
One of the biggest industries in the world, fashion supports millions of jobs through a global supply network. It is a complicated system that affects individuals all over the world. As customers become more environmentally conscious, they expect more transparency from the companies they buy from. Supply chain management (SCM) is crucial to expressing and upholding these principles.
January 14, 2023
The textile business may be impacted by the rise in living standards. brought on by economic progress. The environmental concerns facing the textile sector are significant.
January 03, 2023
Tracking and tracing the history, distribution, location, and use of products, parts, and materials is referred to as traceability, according to the United Nations Global Compact. Along with strategies like due diligence, possibilities to evaluate or comprehend issues like human rights, labor practices, environmental impacts, etc. are created if goods, parts, and materials can be traced for all or a portion of their trip along the supply chain.
November 29, 2022
Today’s market is full of alternatives for customers and customers are more knowledgeable about the options available in the market, pricing selections are becoming more crucial. As a result, they are better positioned to look for decent value when they purchase goods and services. Value is the relationship between what consumers receive (the deemed benefit of the goods and services provided by the retailer) and what they must pay for it.
September 27, 2022
Style changeover is a challenging task in apparel manufacturing. Normally, garment manufacturing factories need to work with a large variety of apparel products in small order quantities. This causes practical difficulty in changing the tools and methods within a stipulated time frame.