India Retail News

The drivers of today's global product sourcing challenges are flexibility, visibility, control, and diversification; as companies continue to source globally; to an ever consolidating manufacturing base. In the recent study entitled "Excellence in Sourcing" conducted by Kurt Salmon and Associates (KSA) for Apparel Magazine (August 2008), 41 percent of respondents surveyed reported that they outsourced more than 75% of their production either through the traditional CMT model or full package purchasing. Faced with constantly shifting sourcing alternatives, IT executives are being asked to provide solutions that improve supply chain visibility and increase supply chain flexibility. The key to justifying technology projects is developing and adhering to a sound ROI business plan. Users are building and measuring their return on investment in the following areas:

Increased Fill Rates

Improved Sourcing Productivity

Reduced Charge Backs

Reduced Expedited Freight Costs

Improved Inventory Utilization