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A Stitch in Time: Lean Retailing and the Transformation of Manufacturing

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The apparel and textile industries have always been at the mercy of rapidly changing styles and fickle customers who want the latest designs while they are still in fashion. The result for these businesses, often forced to forecast sales and order fr … weiterlesen
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A Stitch in Time: Lean Retailing and the Transformation of Manufacturing als Buch

Produktdetails

Titel: A Stitch in Time: Lean Retailing and the Transformation of Manufacturing
Autor/en: Frederick H. Abernathy, John T. Dunlop, Janice H. Hammond

ISBN: 0195126157
EAN: 9780195126150
New.
Sprache: Englisch.
OXFORD UNIV PR

Juli 1999 - gebunden - 384 Seiten

Beschreibung

The apparel and textile industries have always been at the mercy of rapidly changing styles and fickle customers who want the latest designs while they are still in fashion. The result for these businesses, often forced to forecast sales and order from suppliers with scant information about
volatile demand, is a history of stock shortages, high inventories, and costly markdowns. But, as the authors explain in A Stitch in Time, technological advances in the 1980s paved the way for a new concept in retailing--lean retailing.
Pioneered by companies like WAL-MART, lean retailing has reshaped the way that products are ordered, virtually eliminating delays from distribution center to sales rack by drawing on sales data captured electronically at the checkout counter. Armed with up-to-the-minute data about colors, sizes,
styles, and geographic sales, apparel and textile companies now must be able to respond rapidly to real-time orders efficiently based on new approaches to distributing merchandise, forecasting, planning, organizing production, and managing supplier relations. A Stitch in Time shows that even in the
face of burgeoning product proliferation, companies that successfully adapt to the world of lean retailing can reduce inventory risk, reduce costs, and increase profitability while improving their responsiveness to the ever-changing tastes of customers. Based on the success of these practices in
the apparel industry, lean retailing practices are propagating through a growing number of consumer product industries.
A richly detailed and resonant account, A Stitch in Time brilliantly captures both the history and future of the retail-apparel-textile channel and offersbold insights on the changes and challenges facing retailers and manufacturers in all segments of our rapidly changing economy.

Portrait

Frederick H. Abernathy is Lawrence Professsor of Engineering at Harvard University; John T.Dunlop is Professor Emeritus of Economics at Harvard University; Janice H. Hammond is Assistant Profesor at the Harvard Business School; David Weil is Assistant Professor of Economics at Boston University.

Pressestimmen

Advance praise for A Stitch in Time
"A Stitch in Time is excellent reading for those in the Apparel Industry, whether they are in the retail, garment manufacturing or textile segments, who are interested in improving profitability through lower inventories, shorter lead times, less close-outs, and in general making better decisions on fashion merchandise." --Bernard A. Levanthal, Chairman and CEO, Textile/Clothing Technology Corporation, previous Vice Chairman, Burlington Industries, Inc.
"Highlights the Retail Revolution in Apparel Textile industries and demonstrates how informative technology not only benefits the retailer, but also the apparel and textile manufacturers. It provides all the parties with a response in meeting the short time frame in partnership, from ordering a product to its delivery for sale, and how to handle the completed product in their facility....The book is most informative with regard to how the apparel and textile industries operated one hu
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