Operations Managemen - Essay Example

Only on StudentShare

Extract of sample
Operations Managemen


The challenge gets even worse with the great variety of products presented with every single wear vendor. Product lines vary in styles, cloths and sizes - the range of goods a vendor must produce to attract the attention of buyers is enormous. Minding the fact that only a small part (50% in the case of Jossey Menswear) of the whole stock is sold at full price it becomes clear that wear vendors put up with significant wastes. And because of what Because of inaccuracies and misconceptions of fashion forecasts. Since the production cycle of clothes is rather long (it takes 18 months from the first sketch of a designer) companies have wear in their stores, which were presumed to be popular a year and a half ago.
Obviously, there are two ways a company can take to improve its chances of hitting the bull's eye of customers' popularity. The first one, extensive, lies in broadening its product range and increasing volumes of production. The second path is intensive, and tries to improve the accuracy of forecasts, which only can be made through shortening the production cycles. Of course, the second path is better for Jossey Menswear since it leads to full price sales proportion increasing, while keeping the production volumes the same, or even lower than before, which increases profits for the company. Meanwhile, the first way simply increases revenues along with manufacturing costs. ...
Download paper

Summary

1. Presumably, the greatest challenge faced by companies in fashion retail industry is the uncertainty of the market. Even if a company has managed to guess what its customers want right, it does not make the decision making in wear manufacturing for the next season easier…
Author : daughertyjustyn

Related Essays

Apple Operations
The company has a wide range of products such as desktop computers, laptops, mobiles and different application software. Along with its subsidiaries the company develops and markets various portable applications as well. Some of the bestseller items of the company include portable music players, mobile communication devices and several other digital gadgets. Buzzwords such as I-pod, I-phone and I-pad are all creations of Apple. The company also has a strong presence in the field of software. The software segment includes operating systems such as Mac OS and other utility and productivity...
5 pages (1255 words) Term Paper
Operations Management
Unlike in projects, in operations one has to typically stick with his or her decisions. In operation management, there is permanence in operations. A continuous process in the shop like purchasing and selling of goods is regarded as an operation. The good features that can be adopted from project management can be combined with operations management so as to have a better and efficient style of management (Olivia, 2011:59). According to Wilson (2012:178) asserts that operations can be analyzed at three levels; flow between processes, resources, and operations. Operations management involves...
11 pages (2761 words) Essay
Operations Management.
The Concept of Operational Management The operations management as a business function has many issue related to it that needs to be satisfied to increase the efficiency and productivity of a business concern. These are capacity requirements, technology, facilities, workforce, supply and distribution, quality, production planning and organizational structure. According to Shim (1999, Pg.4)“Operation policy is concerned with setting broad policies and plans for using the production resources of the firm to best support the firm’s long term competitive strategy”. However, the four basic...
5 pages (1255 words) Essay
Operations Decision
The business has of late been working under pressure due to the warning given by the state concerning the fictitious businesses operating in the country that they will all be shut down. However, the main worry of this business is how to maximize profits at the lowest cost possible (Gee, 2006). Environmental scanning means possession and usage of data about events, blueprints, trends, and associations inside an institution’s internal and outside environment. It assists the mangers make conclusions on the prospect path of the company. Scanning should establish the risks and opportunities...
3 pages (753 words) Essay
Operations Mnagement
The need for operations managers to reduce manufacturing costs, optimize productivity and improve product quality in order to stay in the market has become imperative. Many organizations now recognize the importance of automation, optimization of scheduling and a proper inventory management system, and are incorporating total quality management and total quality in their operations....
8 pages (2008 words) Case Study
Got a tricky question? Receive an answer from students like you! Try us!