Supply chain digitization – The nature of “proceeding to digitize the supply chain” is not a goal but a factor that promotes the process faster, more efficient and more flexible.
The consumer market and garment retail market are developing more than ever
Consumers are increasingly understanding and stricter about the way, time, and shopping location. Electronic retail is continuing to rise, especially promoted by breakthrough business models from online retailers such as Amazon and ASOS. These new candidates have raised consumers’ expectations. Provides increasing levels of selection, innovation, and available calculation while meeting the needs of quality, the competitiveness of price, and the supply chain.
In a fiercely competitive field like textiles, these changes have deeply influenced brands and partners in the supply chain. Businesses begin to react in different ways, with different levels of complexity and urgent to solve the new challenges they are facing.
In a rapidly changing environment, brands and manufacturers need to resolve a series of complex challenges and are linked to each other related to:
- Speed
- Expense
- The complexity of the order
- Innovation
- Transparency
Some businesses have continued to ‘pursue cheap guidelines’ in developing markets. However, this comes with challenges of resources, capacity, compliance, and infrastructure. Other businesses have aimed at increasing joint venture activities or production processes including all stages. And others still respond to progressive initiatives around the supplier managed by the supplier, finding close and domestic supply.
Although all this feedback will certainly help minimize changes, it is essential to change the model in the way brands and factories operate, especially in their approach to them. Finding supply and product development. An important catalyst for the change of garment brands and partners in their supply chain lies in the application of technology to digitization.
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The potential for digitalization of supply chains is still difficult to real
There have been some positive signs that the textile industry is recognizing the urgency and related benefits of digital transformation. The application of solutions to find supply, planning, and product development has been increased and proven. As well as operating with emerging technologies such as design and 3D printing, automation & robots, RFID, large data technology, and artificial intelligence (AI).
However, the fact that the garment industry is in the early stages of the digital journey. Despite the increase in complexity and production costs, along with the significant reduction of implementation time. The majority of brands and manufacturers are still based on manual processes and a connection system to operate businesses. Most businesses are still relying on manual processes and lost systems to operate their businesses.
The demand for digitizing the supply chain of the textile and garment industry is increasingly important. 85% of leaders are Retex customers who see the process management from the beginning to the end will have the biggest impact on finding supply for many years to come. Digitalization brings more agile, efficient business models and finding real cooperation supply. The important thing to achieve is that nearly 90% of them predicted significantly higher investments in technology many years later.
Why is digital unpopular in the supply chain of garments? Continuing to use email and Excel is a main barrier. This leads to the system structure, interface, and data quality with an ideal supplier. Even in businesses with more advanced tools, these tools are rarely integrated into the entire enterprise which limits their potential.
Overcoming barriers to the supply chain digitization requires changes in thinking and capacity
If businesses want to succeed in digitizing the supply chain, businesses need to expand their vision outside the supply sources and processing processes. To convert the operating model and actually take consumers as the center, businesses will need to effectively promote the process from start to finish, cooperate between departments and between companies as well as participate more deeply. into the production process.
To know more about the digital solution of Retex, and the optimal benefits of digitalizing the supply chain for textile enterprises. Do not hesitate, contact Retex immediately to explore the chances of changing the game in the textile industry.
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