The 6 Secrets to Successful Sourcing
by Steve Feniger, Chairman, 55 Consultants
by Michael Hung, CEO, CBX Software
In today’s competitive retail industry bankruptcies and store closures dominate the daily news, “retail apocalypse” is a common term, and retailers and brands face a myriad of pains and issues just to survive.
Complicating matters further, global retail sourcing is incredibly complex, with multiple steps, processes and milestones involved from a product concept or planning stage to the point of product delivery and sale to the customer. In order for new competitive strategies to work, retailers need to ensure that their supply chains are fully optimized with built in visibility, collaboration and efficiency. As the number of private label sku’s sourced increases, numerous functional areas in different countries need to collaborate and plan to respond to change effectively.
At this year’s 11th annual Global Sourcing Day, you will learn best practices from retail industry insiders and take home ideas to spark and ignite change, as well as, be able to help others prepare, adopt and embrace that change.