04 Dec Zara has been one of the most successful fast-fashion brands in the last 10 years. Unlike traditional clothing companies that rely on longer seasonal trends,
APA FORMAT 300 words with references and citation.
Zara has been one of the most successful fast-fashion brands in the last 10 years. Unlike traditional clothing companies that rely on longer seasonal trends, Inditex – the owner of the Zara brand – is counting on a quick turnaround time with more than 10,000 different designs per year. Inditex can bring the latest trends from the concept stage to the storefront in only a couple of weeks. Behind this extraordinary speed is an agile design and supply chain.
The company monitors trends of celebrity clothing and fashion shows around the world. It also analyzes the sales of each item, also called a stock keeping unit (SKU) at the store level to determine which items have strong demand in real time, using radio-frequency identification (RFID) tracking. The market insights dictate teams of designers on which items to create. The sourcing of raw materials is often done at the same time with the design process, making the process a lot quicker. Zara products are also made in small batches, ensuring high inventory turnover while allowing the company to test market acceptance before committing to more production volume.
Using the example of Zara and the clothing industry, choose another company and industry (example Ford Motor Company and the auto market) and describe how agile marketing would work.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.