Service Industry Supply Chains Assignment Example | Topics and Well Written Essays - 3000 words

Service Industry Supply Chains - Assignment Example The researcher states that today, it is not the firms that struggle with each other, but the effective supply chain management that makes the difference. Supply chain management has been regarded as one of the main concerns for companies to achieve better  performances. The Fashion Industry has been able to make  significant  alterations within its supply chain  systems  as a result of the changing characteristics of the fashion market around the world which requires price benefits by the company and fresh products by the clients. Leading Fashion chains like Zara and Gucci have  developed  successful  supply chains, to meet consumer needs in an  effective  manner. The industry has closely maintained its  focus  through the years of uninterrupted improvement and innovation supported strongly by customer needs and  satisfaction  criterion. The Fashion companies focus on providing the market frequently with the latest trends and maintain to change over 70% of the products every month. According to  Luis  Blanc, an  Inditex  Designer Director, â€Å"Most of the Fashion Companies recommend their clients to understand  that if they like something, they must buy it now, because it will not be in the shops the following week. It is all about creating a climate of scarcity and opportunity†. Every retail business that includes supply chain systems, add value to their product in some form or other. An effective supply chain management is an act of optimizing all actions throughout the supply chain process for the retail businesses, and an efficient management of the supply chain is the key to obtaining higher competitive retail business advantages. Supply chain management is all about having the right kind of resources at the right time and supply of the products to the right customers at a limited cost.