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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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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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The Top 6 Must Haves in a Solution for Compliance Executives

Vendor Compliance is key to mitigating risks to Corporate Social Responsibility (CSR) initiatives and ensuring Good Manufacturing Practices in today’s socially connected world. The right technology can help compliance executives enforce control and accountability for all suppliers, vendors, and other third parties involved in the design, manufacturing and delivery of product. This helps businesses ensure compliance, avoid costly litigation, reduce downstream risks and costs of non-compliance, and win market share by building and maintaining a positive public image.

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How to benefit from three different types of Quality Inspections

We’ve established that poor quality can be detrimental to your bottom line and supply chain visibility is key to managing quality control. Performing inspections during the production cycle prevents poor quality products leaving the factory. Auditors should catch and address quality issues before they damage a brand or retailer’s bottom line or reputation. There are three primary types of quality inspections: pre-production, in-line, and final. There are a variety of details that must be inspected and approved during each phase in order to detect and correct quality problems.

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7 Strategies to Accelerate the Digital Supply Chain

With traditional fashion retailers and department stores struggling to stay open, it’s more important than ever for companies to innovate by using data to transform their supply chain model. However, it’s not enough to simply have access to data. Companies must “plan their reaction” to experience growth in the retail industry.

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Supply Chain Visibility – The Key to Overcoming Quality Issues

Quality issues are inevitable. But reacting to the issue(s) once goods arrive is not the solution – visibility into your supply chain is! At NGC, we’ve been stressing the importance of supply chain visibility for years. With zero or limited visibility throughout the production processes, it’s difficult to address problems and/or institute a solid quality control program. As retailers and brands come to realize what poor product quality means - not just to their brand reputation, but to their bottom line – they realize the need to implement better quality programs. In our last post, Poor Product Quality – What It Means to Your Bottom Line, we identified the costs associated with poor quality. Now let’s look at how to avoid quality issues – through supply chain visibility.

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