In this webinar, we sat down with a panel of industry leaders and discussed how, in a time of assumption-based decision making, S&OP processes and resilient supply chain planning can enable a phased restart to fashion and apparel supply chains to gain meaningful information on demand following this global disruption. With all the uncertainty going on currently, everyone is asking what they can do after this pandemic is over in order to make a swift recovery. Without a clear picture of where items were in the supply chain process before things were halted, restarting a global supply chain seems like a daunting task.
As the coronavirus pandemic started to unfold, New Balance took a full assessment of how their suppliers are being affected, the status of all their orders, and even check on the status of their retailers’ needs. This ongoing assessment gives them a good view on where everything is in their supply chain, and enables them to make plan accordingly.
In fashion and apparel, there are a lot of purchase orders for very seasonal products. Planners need to ask if these products are still viable in future seasons and categorize orders into what is going to be canceled because current need is not going to be there for that seasonal product, and what products can be postponed and carried over seasons and when they will be released into the market place.
Planners need to also look at the canceled purchased orders where nothing was fully assembled yet and is just raw materials. If it is not going to be converted into its original form, looking to see if there is another form or fashion to uses that material in can cut costs and loss.
To hear a more in-depth discussion on this topic from industry leaders, complete the form to gain access to our panel webinar Restarting Global Supply Chains in Fashion & Apparel. Topics that we focused on in the webinar are resilient supply chain planning, gathering information and making more frequent decisions, setting up short-term achievable goals, and supplier relationships.