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Be Thankful for Real-Time Sales Data This Thanksgiving

This holiday season, the very best fashion retailers are starting to react to current sales trends as soon as they happen with immediate information. Because of real-time sales data, retailers and brands can implement read and react strategies and power the digital supply chain, giving them a whole lot to be thankful for.

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Partner With Your Vendor Using a Comprehensive Scorecard

One of the top sourcing priorities for brands and retailers today is making it a priority to onboard their vendors quickly and build strong vendor relationships based on transparency, trust and high-performance. Vendor report cards are a cornerstone of a vendor compliance strategy by ensuring that a good relationship is formed and that vendors adhere to retailers’ standards and codes of conduct.

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Three Tips for Effective Vendor Onboarding

Every vendor should be closely managed from the onset of the relationship, beginning with the vendor onboarding process. If expectations and procedures are established before any work commences, brands and retailers can avoid many issues. Ensuring your vendors are properly onboarded is an investment in your future, as well as the forthcoming stability of your vendor.

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Say RIP to Your Supply Chain Nightmares

Trick or treat? It’s all tricks and no treats for retailers and apparel brands when it comes to supply chain nightmares. Luckily, by enabling the Digital Supply Chain, retailers and brands can avoid these frightening situations that lead to chargebacks, markdowns, delayed shipments and siloed business units. Six Elements to Avoid Supply Chain Nightmares In today’s Digital Supply Chain, retailers and brands should incorporate six elements to help avoid these supply chain nightmares.

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8 Ways Supply Chain Systems Can Minimize Markdowns, Closeouts and Lost Sales

Retailers and brands must understand and react to consumer trends and real-time sales information and quickly make the necessary adjustments. This is something that can only be done with modern supply chain systems such as NGC’s Andromeda, which brings together all departments – Merchandising, Product Development, Sourcing, Compliance, Purchasing, Production, Quality, Logistics, Marketing and Sales – in a cloud-based solution that connects vendors, suppliers and other providers, enabling the Digital Supply Chain.

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Become a Read and React Company and Accelerate Your Digital Supply Chain

While some traditional fashion retailers and department stores are struggling, others are experiencing strong growth as they rewrite the rules of fashion retailing. The key to success? Mastering the “read and react” supply chain strategy. Data-driven fashion companies, like Zara, continuously monitor or “read” sales data in order to “react” faster than any company in the industry – accelerating delivery of the products that are selling and shutting down production of any products that are stalling. The fashion industry has taken note, and companies are racing to transform their businesses with read and react strategies.

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Q&A with WhichPLM: Transforming the Fashion Industry

Recently, NGC’s Mark Burstein sat down with WhichPLM to discuss the need for retailers and fashion brands to transform their business. In the Q&A, Burstein highlights why the old model of PLM is no longer effective and how, in order to be successful, companies must integrate data from all corporate departments and third-party providers of goods and services into one source of information, from merchandise planning through sale to the final consumer.

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Join NGC Software at Sourcing Journal Summit 2017: Pain Points + Pivots

On Tuesday, Oct. 17, NGC Software will be in NYC for the fifth annual Sourcing Journal Summit, a gathering of supply chain executives leading the sector’s latest initiatives. We’re proud to be a sponsor for this year’s event, focusing on “Pain Points + Pivots.” This year’s content will include an analysis of how the new U.S. administration has changed taxes, trade and regulations, and the impact each has had on our industry. Speakers will investigate the seismic shifts hitting retail and how the entire supply will have to adjust to meet the new consumer demands. Discussions will highlight the way in which innovation is changing the supply chain, including production, sustainability, transparency and retail transactions.

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Embrace the Digital Supply Chain: New McKinsey Survey is Apparel Industry’s Wake-Up Call

The apparel industry has been one of the hardest-hit sectors in retail the past few years. However, an important new research study from McKinsey & Co. provides clear direction on how to thrive in today’s tough business climate – embrace the digital supply chain. In its study, “Digitization: The Next Stop for the Apparel-Sourcing Caravan,” McKinsey surveyed 63 chief purchasing offices (CPOs) from leading apparel companies and found that digitization is a major priority despite its low maturity rate in the apparel sourcing industry. These results are no surprise to NGC, and they validate our vision of the digital supply chain as the key to business transformation. As the McKinsey study makes clear, apparel executives are laser-focused on change, and they’re looking to technology as the key enabler. McKinsey found that, “More than 80 percent of CPOs in our survey expect digitized end-to-end process management—including centralization of product-development and procurement processes in one cloud-based system. More than two-thirds of sourcing executives expect to have digitally enabled capacity planning in place, helping them to allocate production capacity more efficiently and spot bottlenecks earlier. A similar number expect to have digital portals up and running to foster transparency and collaboration both with external suppliers and internal colleagues.”

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Good Manufacturing Practices Yield Good Quality

As we highlighted in our recent white paper, “Managing Your Global Vendors – The Three Pillars of Success,” Good Manufacturing Practices (GMP) are critical to successfully evaluating your global vendors. Equally important, GMP is also essential to produce high quality products. In short, good quality starts with Good Manufacturing Practices. Without GMP in place, quality problems will multiply quickly. There are multiple departments in a factory that are involved in high quality production. Skilled personnel, well-maintained equipment, process control and risk management are critical to GMP. When evaluating vendors, factory evaluators should assess:

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