Jcp trading systems
When big buyers and their suppliers use information technology in the clothing business, it is more than just adding computers to conventional commerce. It usually means suppliers take on new responsibilities. TAL Apparel, a shirt maker in Hong Kong Chinahas an arrangement with retail giant JC Penney in the United States that shows how manufacturers can provide jcp trading systems services to buyers which go beyond the traditional supplier role.
Moving responsibilities to suppliers allows companies such as JC Penney to concentrate on "lean retailing". The case reveals more than the sophisticated technology used in the garment business today. It shows that suppliers who already find "extras", such as fabric sourcing, a burden will have to work hard to stay competitive. JC Penney is one of the United States' largest department stores, catalogue sellers and e-retailers, and it is the country's jcp trading systems catalogue merchant of general merchandise.
The post development agenda 50 years of trade and development Trade in services Trade facilitation. Pressure to cut stocks spurs link JC Penney, like other retailers, is under pressure to cut the quantity of goods in stock so that there are fewer items to be sold at reduced prices. That means outsourcing traditional activities for example, warehousing and stock replenishment. TAL has stepped in and also provides JC Penney with related services such as sales forecasting and inventory management.
JC Penney stores now hold almost no extra stock of house-brand dress shirts. TAL, which designed and operates the programme, collects point-of-sale data for JC Penney's shirts directly from North American stores, runs the numbers through a computer model and decides how many shirts to make, and in what styles, colours and sizes. The manufacturer sends the shirts directly to each shop, bypassing Penney's warehouses and corporate decision-makers.
For example, a JC Penney store sells two white, wrinkle-free shirts and two sage-coloured shirts of similar size but of another house brand on Saturday, leaving none of this size and colour in stock at the store. A computer technician in Hong Kong China downloads a jcp trading systems of the sales on Monday and, based on past sales data, TAL's computer determines the ideal inventory level for that brand, style, colour and size at that store.
By Wednesday afternoon, a Taiwan Province Jcp trading systems factory has produced and packed replacement shirts to be shipped to the shop. Instead of asking JC Penney what it would like to buy, the manufacturer's computer system informs them how many shirts they have just bought. Saving time and money JC Penney has been willing to cede some functions once seen as jcp trading systems because TAL can do them better and more cheaply.
With decisions made at the factory, TAL can respond instantly to changes in consumer demand: The system links the manufacturer directly to the customer. If TAL's New York and Dallas design teams come up with a new style, its factories can producenew shirts for a test run within four weeks. After analysing sales data for a month, TAL - not JC Penney - decides how many of the new shirts to make and in what colours.
Because TAL manages the entire process, from design to ordering yarn, it can bring a new style from the testing stage to full jcp trading systems roll-out in four months, much faster than JC Penney could on its own. JC Penney's sales forecasts were not always correct, sometimes overestimating the number of shorts they needed by as much as two months' worth of sales.
TAL receives sales data directly from the stores, and responds by ordering more fabric and increasing production where needed. TAL expects in the future to be able to deliver individual assortments to each store, for example, jeans from Cambodia, with Thai shirts and underwear from Bangladesh. It took a long time for JC Penney to become convinced of the merits of this sort of arrangement.
After years jcp trading systems patient work, dealing with internal resistance in JC Penney jcp trading systems some pitfalls along the way, TAL is now designing and testing new shirts and delivering them directly to all of JC Penney's stores in the Jcp trading systems States.
As a result, inventory levels have dropped. TAL will not, however, take over all decisions. Future plans are for collaborative planning, forecasting and replenishing, but JC Penney would not accept a third party making its buying decisions. Thus, the buying part will be kept by JC Penney jcp trading systems will be done collaboratively. TAL, however, has fully taken over the sourcing decisions. Tougher market needs This TAL-JC Penney arrangement shows technology is becoming more important to companies that want to sell into retail channels in the United States.
Manufacturers wishing to emulate their success should note that investment costs are high. Small and medium-sized firms can hardly develop such a system on their own. Instead, they must find ways to team up with big suppliers like TAL, as garments are still sewn in different parts of the world.
They look for progressive manufacturers that could be integrated into the evolving value chain. Across all categories of merchandisers, requirements to reduce the cost of goods while increasing quality and improving the time-to-market jcp trading systems the use of advanced technologies. This requirement is increasing every year and will put additional conditions on companies wishing to sell or continue to sell in the United States.
Moreover, "homeland security" and other customs protections are another factor that jcp trading systems force companies to adopt new technologies to be able to deliver their goods jcp trading systems in the United States. With new technologies, manufacturers receive "point-of-sale" data almost immediately from the shop. They can produce and ship replacement stock without waiting for new orders from the retailer.
Photodisc As more requirements come into force, importers will have to comply in order to avoid unpredictable delays at the United States border. Companies that have been proactive will have a clear advantage. Within a few years, the use of advanced technologies to support the supply chain, including radio frequency identification RFID tags and vendor-managed inventory - the TAL case - will become the norm.
Retailers in the United States are experimenting with these technologies. Over the next few years, companies can differentiate themselves by adapting these technologies and making them available to their customers.
But, jcp trading systems with all technologies, jcp trading systems advantage will last only a few years. E-applications in the textile and clothing sector.
To obtain a copy, visit ITC's e-shop at http: Steve Hirsch is a Washington-based freelance journalist, writer and editor specializing in international news. Trade competitiveness and the development dimension. Cutting dwell time to boost trade. A trade facilitation agreement to increase LDC exports. Trade facilitation, international supply chains and SME competitiveness.
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