/LastChar 196 Zaras designers keep sketching, based on the data. Also in the case study are identified a few characteristics of Inventory Management and the advantage and disadvantages to keep the Inventory low. DOS 299.2 489.6 489.6 489.6 489.6 489.6 734 435.2 489.6 707.2 761.6 489.6 883.8 992.6 In order to remain competitive, I believe that Zara should focus on and expand this initiative. /Subtype/Type1 272 272 489.6 544 435.2 544 435.2 299.2 489.6 544 272 299.2 516.8 272 816 544 489.6 4. Found insideAvailable at: http://csupom.org/PUBLICATIONS/2012-1/JSCOM 2012-1-11.pdf. Automatic I.D. News Asia (1998a). Alto Group hits high notes with new inventory Appreciate. GLOBAL SUPPLY CHAIN. /Type/Font /BaseFont/JICLRD+CMR17 30 0 obj /BaseFont/XMJKQY+CMMI10 Found inside Page 202MIT ESD Working Paper Series and Supply Chain Europe, 2008 http://esd.mit.edu/WPS/2008/esd-wp-2008-09.pdf and http://dspace.mit.edu/ handle/1721.1/41900 Found insideLearn to design, implement, measure, and improve DevOps programs that are tailored to your organization. This concise guide assists leaders who are accountable for the rapid development of high-quality software applications. /FontDescriptor 35 0 R This paper presents a case study of Zara's "This book focuses on reporting both quantitative research on FSCM and exploratory studies on emerging supply chain management issues in the fashion industry"--Provided by publisher. 513.9 770.7 456.8 513.9 742.3 799.4 513.9 927.8 1042 799.4 285.5 513.9] 18 0 obj 869.4 818.1 830.6 881.9 755.6 723.6 904.2 900 436.1 594.4 901.4 691.7 1091.7 900 575 1041.7 1169.4 894.4 319.4 575] The total brand value of ZARA is $9.4 billion as of May 2015 and the revenue generated is around $14.8 billion. Inventory management has always been at the top of the agenda in the fast fashion business. The company has its branches in 37 countries across the world with a total of 298 stores. /FirstChar 33 593.8 500 562.5 1125 562.5 562.5 562.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 343.8 593.8 312.5 937.5 625 562.5 625 593.8 459.5 443.8 437.5 625 593.8 812.5 593.8 /Widths[350 602.8 958.3 575 958.3 894.4 319.4 447.2 447.2 575 894.4 319.4 383.3 319.4 Key words: Retailing, Fast-Fashion, Inventory Management, Field Experiment, Sizes Distribution With more than 1,500 stores in 68 countries and 6.26B in annual sales (2007), Zara is the flagship chain of the Inditex Group and one of the worlds leading fashion retailer. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 576 772.1 719.8 641.1 615.3 693.3 It is designed to be a generic solution for any retail business regardless of the type of products sold. /Widths[249.6 458.6 772.1 458.6 772.1 719.8 249.6 354.1 354.1 458.6 719.8 249.6 301.9 50% of the products Zara sells are manufactured in Spain, 26% in the rest of Europe, and 24% in Asian and African countries and the rest of the world.
The company can design a new product and have finished goods in its stores in four to five weeks
It can modify existing items in as little as two weeks. Constant slight changes give customers a sense of scarcity and exclusiveness. /Type/Font /LastChar 196 812.5 875 562.5 1018.5 1143.5 875 312.5 562.5] Found insideThis new edition focuses on three crucial areas of retail supply chain management: (1) empirical studies of retail supply chain practices, (2) assortment and inventory planning and (3) integrating price optimization into retail supply chain This book sets out to show how design impacts: sales revenues, pricing, time to market, manufacturing and supply chain costs, supply chain risks, brand loyalty, and competitiveness. In order to compete with the likes of Amazon and Asos, Zara is implementing new programs to gain better control of its inventory. /FontDescriptor 29 0 R endobj endobj But, for the year of 2012 itself Zara has a quite good performance on their inventory turnover. This handbook provides new analytical and empirical results with valuable insights, which will not only help supply chain agents to better understand the latest applications of QR in business, but also help practitioners and researchers to /Name/F8 /BaseFont/QECHBV+CMBX10 489.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 611.8 816 /Subtype/Type1 /Subtype/Type1 5. Operations and Project Management Fast-Fashion Zara By Noof Malallah Al Ajmi April 2020 Economic Geography Vol. H&Ms business-model mainly focuses on outsourcing and ZARAs business-model mainly focuses on in-house production. The key to conducting JIT inventory approach in Zara is producing all kinds of merchandise in small batch and reducing the corresponding inventory level in its warehouse (Heizer & Render, 2001). 898.1 898.1 963 963 768.5 989.9 813.3 678.4 961.2 671.3 879.9 746.7 1059.3 709.3 Entering Rental Orders in Template Basic Information. >> 285.5 513.9 513.9 513.9 513.9 513.9 513.9 513.9 513.9 513.9 513.9 513.9 285.5 285.5 39 0 obj This book offers an introduction to structural dynamics, ripple effect and resilience in supply chain disruption risk management for larger audiences. /Name/F11 Zaras Results vs. 571 285.5 314 542.4 285.5 856.5 571 513.9 571 542.4 402 405.4 399.7 571 542.4 742.3 Youll be hard pressed to find any excess inventory or deadstock in a Zara warehouse. 489.6 489.6 489.6 489.6 489.6 489.6 489.6 489.6 489.6 489.6 272 272 272 761.6 462.4 /LastChar 196 Whatever it is, it should be something that impacts its own capacities - this allows it to schedule and prioritise your current business model hugely. 33 0 obj /BaseFont/FDCUVL+CMR10 277.8 500 555.6 444.4 555.6 444.4 305.6 500 555.6 277.8 305.6 527.8 277.8 833.3 555.6 770.7 628.1 285.5 513.9 285.5 513.9 285.5 285.5 513.9 571 456.8 571 457.2 314 513.9 3. /Length 3186 >> This important book is by top scholars in supply chain management, revenue management, and e-commerce, all of which are grounded in information technologies and consumer demand research. Throughout the supply chain, lean is word, all the way from raw materials to the finished garments on the shelves. 458.6 458.6 458.6 458.6 693.3 406.4 458.6 667.6 719.8 458.6 837.2 941.7 719.8 249.6 /Subtype/Type1 endobj /FontDescriptor 17 0 R /Widths[306.7 514.4 817.8 769.1 817.8 766.7 306.7 408.9 408.9 511.1 766.7 306.7 357.8 249.6 458.6 458.6 458.6 458.6 458.6 458.6 458.6 458.6 458.6 458.6 458.6 249.6 249.6 0 0 0 0 0 0 0 0 0 0 0 0 675.9 937.5 875 787 750 879.6 812.5 875 812.5 875 0 0 812.5 17 (2)(GUAN W., and REHME F., 2012.):pp. << However Zara also boasts the lowest year-end inventory levels in the fashion industry. 460 511.1 306.7 306.7 460 255.6 817.8 562.2 511.1 511.1 460 421.7 408.9 332.2 536.7 Zara's Case Study Zara is a fashion label and fashion chain stores established in 1975 by the Spanish group Inditex own by Amancio Ortega. 761.6 272 489.6] 285.5 799.4 485.3 485.3 799.4 770.7 727.9 742.3 785 699.4 670.8 806.5 770.7 371 528.1 883.7 823.9 884 833.3 833.3 833.3 833.3 833.3 768.5 768.5 574.1 574.1 574.1 574.1 Inventory Management Zara-Backwards integration-Development of logistical, retail, financial, merchandising, and other IT systems continued through 1990s, much of it taking place internally. It is rare to come across excess stock in any of the companys warehouse or store. Working in collaboration with Spain-based retailer Zara, we address the problem of distributing, over time, a limited amount of inventory across all the stores in a fast-fashion retail network. Found inside Page iEach chapter of the book starts with an introductory case study. Numerous examples from various industries and services help to illustrate the key concepts. 680.6 777.8 736.1 555.6 722.2 750 750 1027.8 750 750 611.1 277.8 500 277.8 500 277.8 Found insideThis book provides a comprehensive overview of new insights into consumer behaviour mechanisms in order to shift practices toward sustainable fashion and to minimize the negative impacts of fast fashion on the environment and society. Zara Inventory Turnover Evaluation of Inventory Turnover Ratios Abstract Effective inventory management is a top priority for companies looking to free up cash and leverage working capital Inventory turnover varies widely across different industries and different companies. /FirstChar 33 Zara Australia Pty Limited is the famous clothing retail company which has its business in the wide range of fashion clothes in Australia. 963 963 1222.2 1222.2 963 963 1222.2 963] 767.4 767.4 826.4 826.4 649.3 849.5 694.7 562.6 821.7 560.8 758.3 631 904.2 585.5 460 664.4 463.9 485.6 408.9 511.1 1022.2 511.1 511.1 511.1 0 0 0 0 0 0 0 0 0 0 0 xCsI}D^!t >oVR\> 1062.5 1062.5 826.4 288.2 1062.5 708.3 708.3 944.5 944.5 0 0 590.3 590.3 708.3 531.3 << /FontDescriptor 26 0 R 762.8 642 790.6 759.3 613.2 584.4 682.8 583.3 944.4 828.5 580.6 682.6 388.9 388.9 Found insideThe UKs bestselling book on logistics and supply chain management over 100,000 copies sold. 0 0 0 0 0 0 691.7 958.3 894.4 805.6 766.7 900 830.6 894.4 830.6 894.4 0 0 830.6 670.8 /FontDescriptor 23 0 R 298.4 878 600.2 484.7 503.1 446.4 451.2 468.8 361.1 572.5 484.7 715.9 571.5 490.3 /BaseFont/AFBVDS+CMR9 24 0 obj Zara is the popular company among the customers in terms of accessories, clothing and footwear. The book takes an explicit systems approach, and discusses retailled fashion supply ch 743.3 743.3 613.3 306.7 514.4 306.7 511.1 306.7 306.7 511.1 460 460 511.1 460 306.7 656.3 625 625 937.5 937.5 312.5 343.8 562.5 562.5 562.5 562.5 562.5 849.5 500 574.1 >> /Subtype/Type1 /BaseFont/EQDGCT+CMSY8 761.6 679.6 652.8 734 707.2 761.6 707.2 761.6 0 0 707.2 571.2 544 544 816 816 272 With crisp and insightful contributions from 47 of the worlds leading experts in various facets of retailing, Retailing in the 21st Century offers in one book a compendium of state-of-the-art, cutting-edge knowledge to guide successful 833.3 833.3 963 963 574.1 574.1 574.1 768.5 963 963 963 963 0 0 0 0 0 0 0 0 0 0 0 Refer to the model in slides for project. zK &}eIN$dofwu\_@2pYET =lWM'p6xNzI#N~oA4!#VqikPH!j,8g\gIp)YaZGDDtb/G- /Subtype/Type1 734 761.6 666.2 761.6 720.6 544 707.2 734 734 1006 734 734 598.4 272 489.6 272 489.6 /Widths[285.5 513.9 856.5 513.9 856.5 799.4 285.5 399.7 399.7 513.9 799.4 285.5 342.6 750 708.3 722.2 763.9 680.6 652.8 784.7 750 361.1 513.9 777.8 625 916.7 750 777.8 Zarabuys mainly locally (Spain, Marocco). Found insideThis book focuses on sustainability in fashion retail, which is fast becoming the pivot point of future fashion retail strategies. Next to Zara, the rest of the labels the groups own are Bershka, Massimo Dutti, Pull and Bear, Stradivarius, Oysho, Zara Home, Zara kinds and Uterque. With limiting their production of their inventory items, Zara reduces their risk of stockpiling unwanted clothes. 277.8 500] << endobj 2iTeCY.;? Inventory Management of a Fast-Fashion Retail Network. endobj >> Find answers and explanations to over 1.2 million textbook exercises. Brick-and-mortar retail has headed into decline over the last several years, and e-retailing 777.8 777.8 1000 500 500 777.8 777.8 777.8 777.8 777.8 777.8 777.8 777.8 777.8 777.8 Found insideEndorsement: This guide is a really useful reminder of what good practice is and how it should be applied within supply chain management. The book is relevant for students of supply chain management and professional practitioners alike. H&M and ZARA are two extremes in the clothing industry. Another major key elements in which Zara successfully implement into its operation management is just in time inventory system in each one of their retail stores. Much interest has recently been aroused by the use of radio frequency identification (RFID) in enabling product visibility along the supply chain. a vertical supply chain which is considered a very different and unique strategy in We can set re-order points to determine if a product needs to be ordered. 465 322.5 384 636.5 500 277.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 /Type/Font Found insideThe key themes in the book are: what is demand-driven? why is demand-driven so effective? how to operate a demand-driven supply chain? and how to adopt the demand-driven process in your company? This strategy allows Zara to sell more items at full price. endobj identified how the well known textile company Zara keeps the inventory lowers than their competitors, and how that contributes to Zaras success. 4.2 Inventory Management Inventory management is the practice of overseeing and controlling the storage, ordering and use of >> times. All [] Inventory Management Software. This text represents a specialist text resource for students of retail management or marketing courses and modules, providing the reader with the opportunity to acquire a deeper knowledge of a key area of retailing management. Found insideThis edition features new and expanded discussion of contemporary topics including sustainability, supply chain vulnerability, and reverse logistics, and places greater emphasis on operations management. 720.1 807.4 730.7 1264.5 869.1 841.6 743.3 867.7 906.9 643.4 586.3 662.8 656.2 1054.6 Zara uses the following principles to increase their net income and maintain a standing of being a brand that is both fashion forward and affordable. /FontDescriptor 38 0 R endobj 846.3 938.8 854.5 1427.2 1005.7 973 878.4 1008.3 1061.4 762 711.3 774.4 785.2 1222.7 /Name/F7 [Qe. cycles, unique store inventory display policies) justify new approaches. /Type/Font 471.5 719.4 576 850 693.3 719.8 628.2 719.8 680.5 510.9 667.6 693.3 693.3 954.5 693.3 /FirstChar 33 Key features in the inventory management practices. 27 0 obj >> Found inside Page iGlobal Branding: Breakthroughs in Research and Practice provides international insights into marketing strategies and techniques employed to create and sustain a globally recognized brand. (p9)-Short cycle time, fashion-sensitive products, produce small batches, facilitate continuous manufacture of new merchandise, leading Zara to be able to respond quickly. This lean working capital management offsets their higher production costs and enables them to boast rapid sales turnover rates. 511.1 511.1 511.1 831.3 460 536.7 715.6 715.6 511.1 882.8 985 766.7 255.6 511.1] According to Business Insider, the retailer is rolling out a new shipping system for online orders.If an item is out of stock online but available in a store nearby, customers will be able to order it from there and have it shipped directly to them. Zaras inventory management software lets the store managers communicate customer feedback on what theyre looking for, what they like and dislike. /FirstChar 33 This book reveals how retailers can use data to manage everything from strategic assortment planning, inventory management, and markdowns to improve store-level execution. 542.4 542.4 456.8 513.9 1027.8 513.9 513.9 513.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 388.9 1000 1000 416.7 528.6 429.2 432.8 520.5 465.6 489.6 477 576.2 344.5 411.8 520.6 Course Hero is not sponsored or endorsed by any college or university. 500 500 611.1 500 277.8 833.3 750 833.3 416.7 666.7 666.7 777.8 777.8 444.4 444.4 /FontDescriptor 11 0 R 639.7 565.6 517.7 444.4 405.9 437.5 496.5 469.4 353.9 576.2 583.3 602.5 494 437.5 277.8 305.6 500 500 500 500 500 750 444.4 500 722.2 777.8 500 902.8 1013.9 777.8 Inventory Management \u2013 Zara - Inventory Management Zara Backwards integration Development of logistical retail financial merchandising and other IT, Development of logistical, retail, financial, merchandising, and other IT systems, continued through 1990s, much of it taking place internally. 0 0 0 0 0 0 0 615.3 833.3 762.8 694.4 742.4 831.3 779.9 583.3 666.7 612.2 0 0 772.4 From an international business risk management perspective, the widespread and catastrophic implications of the COVID-19 pandemic on the performance of Zara (Parent company Indetex) are studied and analyzed to contribute to ongoing research on the conventional brick-and-mortar retail business. Zara uses vertical integration to manufacture and distribute products in small batches. /Type/Font 562.5 562.5 562.5 562.5 562.5 562.5 562.5 562.5 562.5 562.5 562.5 312.5 312.5 342.6 The company manages all warehousing, design, logistics and distribution by itself. endobj Inventory Management Software Product Inventory and Re-Order Info. 500 500 500 500 500 500 500 500 500 500 500 277.8 277.8 777.8 500 777.8 500 530.9 750 758.5 714.7 827.9 738.2 643.1 786.2 831.3 439.6 554.5 849.3 680.6 970.1 803.5 863.9 786.1 863.9 862.5 638.9 800 884.7 869.4 1188.9 869.4 869.4 702.8 319.4 602.8 The book covers manufacturing, retail and food chains at the local and international levels. This book focuses on supply chain management in emerging markets. Zara - case study --. This preview shows page 1 - 2 out of 2 pages. A case study on Zaras Operation Management Strategy 1 Mohammed Mansur Rashid MBA Term V (weekend batch) ZERO TO ZARA. The Sixth Edition weaves in compelling case study examples, providing students with clear insight into how good supply chain management offers a competitive advantage. >> 24 is quite a high result for inventory turnover. 544 516.8 380.8 386.2 380.8 544 516.8 707.2 516.8 516.8 435.2 489.6 979.2 489.6 489.6 Zara, unlike its competitors such as Gap, Benetton, and H&M, does not use Asian outsourcing. 575 575 575 575 575 575 575 575 575 575 575 319.4 319.4 350 894.4 543.1 543.1 894.4 << 306.7 766.7 511.1 511.1 766.7 743.3 703.9 715.6 755 678.3 652.8 773.6 743.3 385.6 /FirstChar 33 and inventory to sales ratio (Nelson, M. & Medini, R., 2014). 687.5 312.5 581 312.5 562.5 312.5 312.5 546.9 625 500 625 513.3 343.8 562.5 625 312.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 627.2 817.8 766.7 692.2 664.4 743.3 715.6 MANAGEMENT Inventory Management under conditions of Certainty and Uncertainty Submitted by :Group 2 Abhay Kanwar Upasna Handa Gaurav Lochab Aank Dhanda. Manufacturing and Supply Chain Operations Make Zara Unique in Its Industry Factories can increase and decrease production quickly, thus there is less inventory in the supply chain and less need to finance that inventory with working capital. 638.9 638.9 509.3 509.3 379.6 638.9 638.9 768.5 638.9 379.6 1000 924.1 1027.8 541.7 ;y!6'|ir= dZ2,v/YiEg?=E'A5WXYA@Lv("Gd6kv'K|{px+2)fLN6%%7xe2Rf_"ZYSX([eS.[GUsSM^bp>Qp\qyw 7. Mona Singh (14868329) MEPM 2015 2 f ZARA Supply Chain Management 2. Easy to enter rental orders Enter order number, Order Date, Customer Name, Rate Type, Rent Out and Return Dates. /LastChar 196 /Name/F10 INTRODUCTION Launched. Zara, a leading fashion brand can be aspiring to many fashion retailer. 708.3 708.3 826.4 826.4 472.2 472.2 472.2 649.3 826.4 826.4 826.4 826.4 0 0 0 0 0 /Type/Font /Name/F2 Zara is an appropriate characterization of an excellent apparel supply chain in Europe because it is the only apparel company with the ability to react to fashion Found insideProvides systematic and comprehensive coverage of information systems for the fashion and apparel industry Combines recent developments and industrial best-practices in apparel supply chain management in order to meet the needs of the 511.1 575 1150 575 575 575 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 << (p9), Short cycle time, fashion-sensitive products, produce small batches, facilitate, continuous manufacture of new merchandise, leading Zara to be able to respond, One logistical warehouse in Arteixo, planning another one, Starts from design hire way more designers than H&M (get the figures), 2 basic collections each year, attend trade fairs, refer to catalogs, and work with store, managers to develop sketches for collection close to nine months before the start of the, Able to adapt to trends and differences across markets. /BaseFont/CGHWMG+CMR12 675.9 1067.1 879.6 844.9 768.5 844.9 839.1 625 782.4 864.6 849.5 1162 849.5 849.5 826.4 826.4 826.4 826.4 826.4 826.4 826.4 826.4 826.4 826.4 1062.5 1062.5 826.4 826.4 Companies compete largely on strategic inventory management, which empowers quick market responsiveness. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 826.4 295.1 826.4 531.3 826.4 /Widths[622.5 466.3 591.4 828.1 517 362.8 654.2 1000 1000 1000 1000 277.8 277.8 500 Keeping inventories just enough to feed customer demand for a period of time is indeed a very risky decision. Zara sells over 11,000 distinct items per year versus its competitors that carry 2,000 to 4,000. Although Zara is not a customer of Ivalua, we have many customers who operate in ways which have meant they have been able to continue to operate during this period with little disruption. /FirstChar 33 Zara has not been immune to the effects of Covid-19 but the company has said that its flexible business model and approach to supplier relationships have been pivotal in helping it to navigate the pandemic. endobj The latter is due to the fact that Zara has very low level of inventory, thus the company doesnt need of a smarter inventory management system. 531.3 531.3 413.2 413.2 295.1 531.3 531.3 649.3 531.3 295.1 885.4 795.8 885.4 443.6 Inventory Management of a Fast-Fashion Retail Network Felipe Caro Jeremie Gallien y September 4, 2008 Abstract Working in collaboration with Spain-based retailer Zara, we address the problem of distributing, over time, a limited amount of inventory across all the stores in a fast-fashion retail network. 319.4 958.3 638.9 575 638.9 606.9 473.6 453.6 447.2 638.9 606.9 830.6 606.9 606.9 Found insideExhibit 2.8 inditex's global Value Chain Support and General Management that aren't selling, without having to keep and discount outdated inventory. /FirstChar 33 View a trailer for the book at: http://techtv.mit.edu/videos/22284-logistics-clusters-yossi-sheffi Competitors. /Name/F4 Individual Report of Zara clothing Company, The Advantage of Zara Inventory Management Strateg Essay, PRO 600 Project 4 Template (Carrie Moore).xlsx, University of Southern California BUAD 311, California State University, Fullerton ISDS 553, STRATEGY MID TERM AYUNDA UTARI 29119196.pdf, Athens University of Economics and Business, Structure for a full Strategic Appraisal of ZARA.docx, Bandung Institute of Technology MM 5012, Athens University of Economics and Business MATH 101, Liberty University Online Academy BUSI 400.

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