Released on = June 1, 2007, 10:45 pm

Press Release Author = Bharat Book Bureau

Industry = Marketing

Press Release Summary = The textile and apparel supply chain-from fibre to retail-is
experiencing deflationary price trends, making cost reduction the key to survival.
This has forced players to rethink the role they play within the supply chain. With
operating efficiencies

Press Release Body = Creating and Preserving Value in the Textile and Apparel Supply
Chain: From Fibre to Retail

The textile and apparel supply chain-from fibre to retail-is experiencing
deflationary price trends, making cost reduction the key to survival. This has
forced players to rethink the role they play within the supply chain. With operating
efficiencies already quite high, members of the supply chain need to look at
strategies other than reducing labour costs to improve margins. Two key areas on
which to focus are collaboration with supply chain partners and innovation.
Collaboration offers an opportunity to reduce costs in the areas of product
development, inventory holding, and manufacturing through better capacity
utilisation, lower reject rates and fewer charge-backs. Investment in the innovation
of products, services and business processes can result in quantum jumps in
profitability for a company. Significant growth in revenue will only come by
bringing exciting new products and services to customers. Customers will always make
room for something new, useful and value-packed, and will be willing to pay higher
prices for it.


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