Using an advanced and technologically forward model for apparel retail that integrates all the involved members of supply chain including retail and distribution activities can help in efficient functioning of the garment industry.
Collaborative, Planning, Forecasting, and Replenishment (CPFR) is a concept that can help apparel retailers build a strong connection with their suppliers or vendors and hence creating a reliable bond for growth. CPFR which initially began as a pilot test programme run by the retail giant Wal-Mart in 1996 which made use of internet communications with one of their suppliers in order to cut inventory cost, was later emulated by many retail companies in the U.S. after witnessing the success of the former. The model aids in eliminating 25 per cent of the inventory cost and eradicates the need of piling up excess stock of garments. The system uses Electronic Data Exchange (EDI) to share information among the apparel retailer and supplier.
Collaborative, Planning, Forecasting, and Replenishment (CPFR) is a concept that can help apparel retailers build a strong connection with their suppliers or vendors and hence creating a reliable bond for growth. CPFR which initially began as a pilot test programme run by the retail giant Wal-Mart in 1996 which made use of internet communications with one of their suppliers in order to cut inventory cost, was later emulated by many retail companies in the U.S. after witnessing the success of the former. The model aids in eliminating 25 per cent of the inventory cost and eradicates the need of piling up excess stock of garments. The system uses Electronic Data Exchange (EDI) to share information among the apparel retailer and supplier.