RMG 400 Lecture Notes - Lecture 12: Sub-Saharan Africa, United States Dollar, Purchase Order
18 Apr 2016
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Chapter 13 locating sources in foreign markets. Some products are only available from foreign markets (e. g. cameras) Handmade products that cannot be replicated in this country are imported. Contributing to low cost are much lower wages paid to factory workers. However, wages in many countries, such as japan and korea escalating. Foreign markets are one source of unique merch. Foreign markets often sell special, handmade items w/ distinctive styling. Europe is still a great influencer of fashion. Making foreign purchases allows buyers opp. to offer their customers what is new + exciting. Long lead time needed to guarantee delivery to imports, and that makes sales forecasting more difficult. Trade journals, fashion forecasters, buying offices, and reporting services can help predict long-range . Subject to unforeseen shipping delays (e. g. dock strikes, weather problems) Reorders nearly impossible for fashion merch, as season could be over before they arrive. Penalties should be negotiated in case merch arrives late.
