FAS 353 Lecture Notes - Lecture 11: Mathematical Model, Manufacturing Resource Planning
Document Summary
Merhandise delivieries are based on: analysis of past-season sales, informed projections of, current economic conditions, trend forecasts, local variables influencing individual stores. The goal is to allocate the right styles in the right colours and sizes in the right quantities to match demand. Apparel products made offshore are shipped either by air (most timely) or by freighter (most cost-effective) Within the u. s. , rail and truck are the most common methods. The complexity of tracking and moving goods on a global basis has precipitated development of computerized systems to handle the process. Encompass marketing and sales, line development, forecasting, raw materials inventories and positions, manufacturing capabilities, distribution capacities, and customer service. Vendor-managed inventories (vmi: dynamic model stocks or desired inventory stocking levels using agreed upon replenishment procedures. Most international shipping is now done in 20- or 40- foot shipping containers. Price: know your vendors, estimate retail value, compare prices, know your options.
