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FAST FASHION IS A COLLABORATIVE PROCESS
          USING SALES AND TREND ANALYSIS TO DRIVE THE
          PRODUCTION PROCESS
Quick Response

    Quick Response (Fast Fashion) is a

    business strategy which addresses the
    increase in consumer demand for new
    apparel products by shortening the
    product development cycle
    Just In Time(JIT) is a business strategy to

    reduce inventory costs by shipping goods
    only when they are needed
    Marketers used QR and JIT in order to

    build competitive advantages
    Research showed that USA soft goods

    supply chain was losing $25 billion
    annually
      Markdowns on garments that did not
       meet needs of market
      Lost sales due to stock outs where
       consumers couldn’t find the style,
       size, and color
      High inventory carrying costs
QR Strategy


                  Business strategy for domestic and
              
                  international textile, apparel, and retail
                  sectors to reduce inventories, shorten
                  cycle times, and respond rapidly to
                  changing consumer demands
                  Primary objective of QR is risk reduction
              

                  of markdowns and stock outs
                  Develop technologies in data processing,
              
                  communications, software, and
                  collaboration
QR Requirements




                      Control
                  

                      Communication
                  

                      Collaboration
                  
Control


              Effective control systems must
          
              be in place
                Merchandising calendars
              

               Product data
                management
               Merchandise planning,
                forecasting, and adoption
               Product sourcing and
                manufacturing
               Inventory management

               Point-of-sale information
                systems
Effective Communication:
Information Flow




         Effective communications must provide meaningful, accurate data
     
         and transfer that data as quickly as possible
Collaboration


          For QR, collaboration is a vital factor
      

          Foundation of QR is partnerships with the links in
      
          an integrated textile supply chain
Collaboration Process



          Share information(pos, edi, and extranets)
      

          Establish decision-making models
      

          Requires trust and confidence in partnership
      

          Chain is only as strong as weakest link
      

          Establishing reliable, effective, responsive
      
          partnerships throughout the entire supply chain
          is cornerstone of successful QR initiatives
The Importance of the Supply Chain


       The supply chain begins with the fiber which is
   

       processed into yarn, then into fabric, and ends
       with fabric finishing, including dyeing and
       printing.



    Retail                                       Fiber


                                             Textile
         Apparel
The Timing of Innovation


                               The scheduling of textile
                           

                               development is a critical
                               factor in the introduction of
                               fashion productions
                               The time involved depends
                           
                               on the source of the fiber and
                               the production stages
                               between raw material and
                               final fabric.
Sources of Innovation in Textile Development


 Designers choose fabrics very early in the product development process
 because the attributes of fabrics are lined to the silhouette and mood of the
 collection.
Fashion Development Is Unity




Fabric, color, trim, and silhouette trends exist in
harmony and should represent a strong cohesive brand
identity; this unity facilitates the fast fashion process.
Trend Identification, Analysis, and Synthesis

                      Abstracting is the process of forecasters’ shifting
                      through information and identifying the underlying
                      similarities(or differences) between design
                      collections.

                      These similarities(or differences) are expressed
                      through:
                      The totality of the look
                      The theme or mood
                      The proportions of the apparel pieces
                      The silhouette
                      Point of emphasis
                      The fit
                      A specific detail
                      Exaggeration in detail
                      A specific trim
                      Fabric finishing
                      A specific fabric
                      A color story
Pantone Spring 08 Color Palette
Trend Analysis and Synthesis


    Analysis and synthesis are


    the two faces of forecasting
    Analysis = dissecting to


    achieve a more complete
    understanding
    Synthesis = creative


    reintegration of the parts



    Click visual to connect to fashion video, may have to
    press escape button to view
Trend Analysis and Synthesis


    In fashion forecasting this


    means:
     An  accurate reading of the
      trend in all its subtle
      aspects
     Matching the trend with the
      consumer profiles most
      likely to initially adopt it
     Matching the trend with the
      product category, price
      point, and retail concept
      most likely to complement it
Sales Forecasting


                    Forecasting is easy for products
                    with long lifetimes and steady
                    sales, such as appliances,
                    automobiles, and electronics.

                    The apparel business is much
                    more volatile, hence more likely
                    for errors to occur such as:

                    •Markdowns
                    •Stock-outs
Product Life Cycle




    Stages of the product life cycle include:
                                                Development Stage
                                                Introduction Stage
                                                Market Development Stage
                                                Exploitation Stage
                                                Maturity Stage
                                                Saturation Stage
                                                Decline Stage
Sales Forecasting Data


    Sales forecasting requires access


    to three kinds of information:
     Internaldata on sales volume and
      marketing actions
     Information on future plans for
      marketing and product distribution
     External data relevant to their market
      and information on general
      economic, political, and cultural
      conditions
Sales Forecasts


     Projection of sales by category, style, color, and size
 

     Based on historical data and statistical analysis
 

     Most difficult planning and control tool for merchandiser to
 
     successfully implement
     Sales plan is the tool used to meet or exceed the sales
 

     forecast
Factors Influencing a Sales Forecast



     Factors that can influence a sales forecast
 

     include:
      Controllable   Factors
        Marketing Actions
        Operating   Practices
      Uncontrollable    Factors
        Actionsof Competitors
        Access to Channels of Distribution
        Government Regulations
Dynamic and Experienced Freelance Product Developer


    For more information on
•

    making the right choice
    for your company’s
    growing needs


    Contact Jaye Brown:


     678-799-5187 or email at

    jujuan@hotmail.com


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    work for you!

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Fast Fashion Is A Collaborative Process

  • 1. FAST FASHION IS A COLLABORATIVE PROCESS USING SALES AND TREND ANALYSIS TO DRIVE THE PRODUCTION PROCESS
  • 2. Quick Response Quick Response (Fast Fashion) is a  business strategy which addresses the increase in consumer demand for new apparel products by shortening the product development cycle Just In Time(JIT) is a business strategy to  reduce inventory costs by shipping goods only when they are needed Marketers used QR and JIT in order to  build competitive advantages Research showed that USA soft goods  supply chain was losing $25 billion annually  Markdowns on garments that did not meet needs of market  Lost sales due to stock outs where consumers couldn’t find the style, size, and color  High inventory carrying costs
  • 3. QR Strategy Business strategy for domestic and  international textile, apparel, and retail sectors to reduce inventories, shorten cycle times, and respond rapidly to changing consumer demands Primary objective of QR is risk reduction  of markdowns and stock outs Develop technologies in data processing,  communications, software, and collaboration
  • 4. QR Requirements Control  Communication  Collaboration 
  • 5. Control Effective control systems must  be in place Merchandising calendars   Product data management  Merchandise planning, forecasting, and adoption  Product sourcing and manufacturing  Inventory management  Point-of-sale information systems
  • 6. Effective Communication: Information Flow Effective communications must provide meaningful, accurate data  and transfer that data as quickly as possible
  • 7. Collaboration For QR, collaboration is a vital factor  Foundation of QR is partnerships with the links in  an integrated textile supply chain
  • 8. Collaboration Process Share information(pos, edi, and extranets)  Establish decision-making models  Requires trust and confidence in partnership  Chain is only as strong as weakest link  Establishing reliable, effective, responsive  partnerships throughout the entire supply chain is cornerstone of successful QR initiatives
  • 9. The Importance of the Supply Chain The supply chain begins with the fiber which is  processed into yarn, then into fabric, and ends with fabric finishing, including dyeing and printing. Retail Fiber Textile Apparel
  • 10. The Timing of Innovation The scheduling of textile  development is a critical factor in the introduction of fashion productions The time involved depends  on the source of the fiber and the production stages between raw material and final fabric.
  • 11. Sources of Innovation in Textile Development Designers choose fabrics very early in the product development process because the attributes of fabrics are lined to the silhouette and mood of the collection.
  • 12. Fashion Development Is Unity Fabric, color, trim, and silhouette trends exist in harmony and should represent a strong cohesive brand identity; this unity facilitates the fast fashion process.
  • 13. Trend Identification, Analysis, and Synthesis Abstracting is the process of forecasters’ shifting through information and identifying the underlying similarities(or differences) between design collections. These similarities(or differences) are expressed through: The totality of the look The theme or mood The proportions of the apparel pieces The silhouette Point of emphasis The fit A specific detail Exaggeration in detail A specific trim Fabric finishing A specific fabric A color story
  • 14. Pantone Spring 08 Color Palette
  • 15. Trend Analysis and Synthesis Analysis and synthesis are  the two faces of forecasting Analysis = dissecting to  achieve a more complete understanding Synthesis = creative  reintegration of the parts Click visual to connect to fashion video, may have to press escape button to view
  • 16. Trend Analysis and Synthesis In fashion forecasting this  means:  An accurate reading of the trend in all its subtle aspects  Matching the trend with the consumer profiles most likely to initially adopt it  Matching the trend with the product category, price point, and retail concept most likely to complement it
  • 17. Sales Forecasting Forecasting is easy for products with long lifetimes and steady sales, such as appliances, automobiles, and electronics. The apparel business is much more volatile, hence more likely for errors to occur such as: •Markdowns •Stock-outs
  • 18. Product Life Cycle Stages of the product life cycle include: Development Stage Introduction Stage Market Development Stage Exploitation Stage Maturity Stage Saturation Stage Decline Stage
  • 19. Sales Forecasting Data Sales forecasting requires access  to three kinds of information:  Internaldata on sales volume and marketing actions  Information on future plans for marketing and product distribution  External data relevant to their market and information on general economic, political, and cultural conditions
  • 20. Sales Forecasts Projection of sales by category, style, color, and size  Based on historical data and statistical analysis  Most difficult planning and control tool for merchandiser to  successfully implement Sales plan is the tool used to meet or exceed the sales  forecast
  • 21. Factors Influencing a Sales Forecast Factors that can influence a sales forecast  include:  Controllable Factors  Marketing Actions  Operating Practices  Uncontrollable Factors  Actionsof Competitors  Access to Channels of Distribution  Government Regulations
  • 22. Dynamic and Experienced Freelance Product Developer For more information on • making the right choice for your company’s growing needs Contact Jaye Brown:  678-799-5187 or email at  jujuan@hotmail.com •Start today to put freelance to work for you!