Wednesday, April 17, 2019

Supply Chain Management in Fast Fashion Companies (Zara & H&M) Literature review

Supply Chain Management in tight Fashion Companies (Zara & H&M) - Literature review ExampleBarnes and Lea-Greenwoods (2006) article on strong fashion and tally filament management has revealed significant information in regard to the so called fast fashion phenomenon. Their search on fast fashion and its relation to communicate chain management have even caught the prudence of well known fashion companies, enthusiasts and the business press. Although the concept is new in the fashion industry, the authors were able to look for widely and expound briefly the system that led Zara and H&M to where they be now. The authors have define fast fashion as a form of business strategy that targets to lessen the number of processes that ar undergone in a buying rhythm method of birth control and lead times to deliver new fashion products in stores. When this happens, customer satisfaction is met, and this satisfaction is being driven by the speed in delivering fashion products that be in line with the current trends. Fast fashion is a concept that is considered a mainstay in UKs fashion industry (Barnes & Lea-Greenwood, 2006). To modern fashion retailers such as Zara and H&M, fast fashion is a key strategy that has helped them attain success. The two well known fashion companies have adopted this strategy and have continuously changed their clothing styles and product ranges to adapt to what is in at any moment. Rapid changes atomic number 18 made attracting more buyers of apparels under the brands Zara and H&M. Furthermore, Barnes and Lea-Greenwood (2006) have inferred that fast fashion is associated with supply chain management. For instance, it has been proposed, in reference to the said perspective, that the framework of a fast fashion business is dependent to vertical integration. vertical integration, according to Welters and Lillethun (2011), centralizes the supply chain allowing buyers to obtain goods in a short span of time and at an affordable pri ce. In a fashion business, there is pressure in defeating the previous years performance and this cycle is a usual scenario. In the modern times, success in retailing is being attributed to supply shackles instead of companies (Hines, 2004 cited in Barnes and & Lea-Greenwood, 2006). On the other hand, the authors (Barnes & Lea-Greenwood, 2006) have contended that, in spite of being connected to supply chain management, fast fashion is not totally affiliated with the strategy. Findings of the study conducted by Barnes and Lea-Greenwood (2006) have place fast fashion as a consumer-driven process. Many things were taken into serious consideration prior to arriving at this judgment. First, they were able to observe that, at present, idiosyncraticity has already become the trend for the buyers fashion demands. Most consumers expect to set a trend, and this behavior increases the demand for fast fashion. Many designers consider quick access to the media as a means for the young consum ers to gain knowledge in regard to the new fashion trends. Respondents of the horizon conducted by the two authors have also conceded to their judgment and have stated that progress in fast fashion is being driven by the changing consumer demand making it a crucial scene of fashion and fashion retailing. Hence, fast fashion is the answer to the changing consumer demand of modern times. Furthermore, the supply chain has to adjust for it to respond to inconstant consumer demands. The fast fashion business paradigm relies on the capacity of an individual to acquire and react positively to changes in consumer tastes. Responses to these changes in the fast fashion business model are quick since connections to fashion markets, and fashion makers are in proximity (Doeringer & Crean, 2006 cited in Welters &

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