PURCHASING AND SOURCING MANAGEMENT

PURCHASING AND SOURCING MANAGEMENT Supply Chain Management in Apparel Industry: A supply chain is actually a complex and dynamic supply and demand network. Main purpose of supply chain is to satisfy customer needs and generate business profits. Supply chain management is the integration of key business processes from end user to original suppliers that provides products, services, and information that add value for customers and other stakeholders. In apparel supply chain every organization starting from initial raw materials supplier to apparel manufacturer to customer to consumer purchasing apparel products for final consumption. The apparel industry stands out as one of the most globalized industries in the world and it is a supply driven commodity chain led by a combination of retailers, contractors, subcontractors, buyers, Manufacturer, merchandisers, and suppliers; each plays an important role in a network of supp...