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Manufacturers and retailers alike are ending up with more unwanted goods that must be marked down—perhaps even sold at a loss—even as they lose potential sales because other articles are no longer in stock.In industries with highly volatile demand, like fashion apparel, the costs of such “stockouts” and markdowns can actually exceed the total cost of manufacturing.This article will show you the development of fashion industry and how Zara Supply Chain manages to bring the operations to the next level.Fashion Supply Chain 1.0 Fashion industry is one of the most primitive form of supply chain management and its practices have been extended, adopted and become the best practices that we use today. Council" with the goal to improve the overall competitiveness of the industry.In 1984, US Apparel Industry created the task force called "Crafted With Pride in the U. One year later "Kurt Salmon Associates" was assigned to investigate the whole apparel supply chain.
Fourth, factors such as the financial crisis are boosting economic volatility, which demands that operations be more flexible.Thanks to global competition, faster product development, and increasingly flexible manufacturing systems, an unprecedented number and variety of products are competing in markets ranging from apparel and toys to power tools and computers.Despite the benefits to consumers, this phenomenon is making it more difficult for manufacturers and retailers to predict which of their goods […] " Thanks to global competition, faster product development, and increasingly flexible manufacturing systems, an unprecedented number and variety of products are competing in markets ranging from apparel and toys to power tools and computers.College of Tourism and Service Management, Nankai University, Tianjin 300350, China Correspondence should be addressed to Yan Jiao Received 30 March 2017; Accepted ; Published 29 June 2017 Academic Editor: Vladimir Turetsky Copyright © 2017 Junfeng Dong et al.This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.