Smarter Buying is Coming Back into Fashion
"The global supply market for the sourcing of fashion clothing is changing fast, forcing fashion retailers to rethink sourcing and buying strategies.
For an increasing number of retailers, a strategy of split sourcing is the way forward. Buyers are looking to low cost producers for low price point products with predictable patterns of demand, while higher ticket items requiring faster product development, higher levels of manufacturing expertise, greater control of quality and rapid delivery are being produced nearer to their sales markets.
In order for this strategy to work, increased collaboration with suppliers is important. Stronger relationships between design, production and procurement teams improve speed to market, cost and quality control, and can drive innovation..."
Read the full article at Retail Gazette.
Image Credit: The Telegraph