Textile Olympiad ๐ฏ.๐ฌ Supported by The Business Standard and Textile Today: ๐๐ป ๐๐ป๐๐ฒ๐ฟ ๐จ๐ป๐ถ๐๐ฒ๐ฟ๐๐ถ๐๐ Business ๐๐ฎ๐๐ฒ ๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐ผ๐ป where university undergraduates get to showcase their brilliance. Dive deep i...
Textile Olympiad ๐ฏ.๐ฌ Supported by The Business Standard and Textile Today: ๐๐ป ๐๐ป๐๐ฒ๐ฟ ๐จ๐ป๐ถ๐๐ฒ๐ฟ๐๐ถ๐๐ Business ๐๐ฎ๐๐ฒ ๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐ผ๐ป where university undergraduates get to showcase their brilliance. Dive deep into real-world textile industry challenges, analyze intricate scenarios, and craft innovative solutions.
Size: 518.65 KB
Language: en
Added: May 25, 2024
Slides: 13 pages
Slide Content
TEAM SPANDEX
Situation Analysis
XYZ Apparel is inefficiencies
in sourcing, manufacturing,
distribution, and retail
operations.
The fast fashion industry
contributes to pollution,
resource depletion, and
waste generation.
Criticism regarding labourpractices
indicates potential issues with
worker rights, wages, working
conditions, and safety standards.
Enhancing product quality is
essential for retaining
customer satisfaction and
brand loyalty.
Expanding into new markets requires
careful consideration of market
trends, consumer preferences,
regulatory requirements, and
competitive landscapes
XYZ Apparel's growth
indicates market success
and potential for further
expansion.
Symptom Problem
High lead time, low responsiveness, the
ambiguity of information, lack of a proper
industrial ecosystem, inefficiencies, delays
and high costs.
Costs hinder its ability to meet
customer demands and maintain
competitiveness.
Damage the company's reputation and
result in regulatory backlash.
Pollution, waste generation,
and resource depletion.
Reputational damage, legal liabilities,
and operational disruptions.
Improper wage structure, violations of
worker rights, poor working conditions,
and safety hazards.
SWOT Analysis of the apparel industry
Strengths Weaknesses
Opportunities Threats
โขCost advantage
โขModern technology
โขStrategic location
โขDependency on labor-
intensive production
โขEnvironmental
concerns
โขSupply Chain
vulnerabilities
โขMarket growth
potential
โขSustainability
initiatives
โขTechnological
innovation
โขEconomic volatility
โขCompetition from
low-cost producers
โขLabor rights issues
S
O
W
T
Alternative Evaluation
Implement
Sustainable
Supply Chain
Practices
Reduces environmental
impact.
Pros Cons
Require time and resources
to yield measurable results.
Diversify
Sourcing
Locations
Reduces dependency
Pros Cons
Cultural and language barriers
may complicate
communication and
coordination with overseas
suppliers.
Alternative Evaluation
Enhance Quality
Control Measures
Leading to higher customer
satisfaction and loyalty.
Pros Cons
Lead to higher production
costs.
Labor Rights
Compliance Risk Mitigation in Supply
Chain and legal
Compliance.
Pros Cons
Complexity and
Compliance Burden.
B I G I D E A :
Implement a Closed-Loop
Supply Chain
Action Plan
Supply chain
Enhancement
Product quality, customer
satisfaction and brand loyalty
Tackling Environmental
Concerns
Ethical labour
practice
Identify supplier-heavy
regions
Supplierrankingcreates
a more efficientsupply
chain
Openqualitycontrol
hubandroutine checks
by quality control hubs
Introduction of supplier
scores where suppliers are
rated on different matrics
Supplier ranking based on
scores and checks
Suppliers with high scores
will get order priority.
Enhance Supply Chain
Supply Flow process
Supplier1
Supplier3
QC
Point1
QC
Point2
Main
Hub
supplier5
supplier7
supplier6
Supplier2
.
Supplier4
supplier8
End customer
Collection Hub 1
Collection Hub 2
The consumer can return their
used or old xyzbrand clothes
through the experience centreor
new purchase.
Upon returning the customer
will get points that are useable in
future purchases.
Customers with the highest
recycling points will get a gift. Use lifecycle assessments to
evaluate the environmental
impact of products from
extraction to disposal.
.
.
Work with suppliers to
implement sustainable
practices through criteria,
training, and incentives.
Minimisingwaste in the supply
chain by reducing packaging,
reusing materials, and recycling or
composting waste.
Implement water conservation
measures like recycling water and
treating wastewater to reduce
consumption and pollution.
Tackling Environmental Concerns
Develop and enforce ethical labor
standards for suppliers and
subcontractors.
Implement strict quality control
measures to ensure high-quality
standards.
Source high-quality, sustainable
materials.
Gather feedback through surveys,
reviews, and social media
engagement.
Communicate brand commitment
through compelling storytelling
Fair Wages and Benefits: Ensure fair
compensation for workers.
Prioritiseworker health and safety.
Child Labor and forced labour
prevention: Implement strict policies
to prevent exploitation.
Product quality, customer
satisfaction and brand loyalty
Ethical labourpractice