Author Question: What are 3 ways RFID is used to control costs in the fashion industry? What are the drawbacks of ... (Read 11 times)

ereecah · **on:** Sep 11, 2018

What are 3 ways RFID is used to control costs in the fashion industry? What are the drawbacks of incorporating the method of inventory control.

What will be an ideal response?

Question 2

Identify 3 companies that use Vertical Integration and how it improves their operations.

What will be an ideal response?

ryhom · **Reply #1 on:** Sep 11, 2018

Answer to Question 1

1 . Increased inventory tracking, counting 5,000 vs. 200 pieces per hour.
2 . Improving inventory accuracy rates of more than 95 from an industry average of 62 ,
increasing efficiency and inventory control.
3 . Increased out-of-stock reductions, increasing consumer satisfaction and increased sales.
4 . Enhanced security and coordination throughout the supply chain.
All of these advantages increases productivity, profits, efficiency, lowering expenses and
shrinkage.
Drawbacks might include the expense to implement, the time factor, and the possibility of
competitors tracking a company's products.

Answer to Question 2

Ann Taylor, Jones Apparel, Zara, and Liz Claiborne. Companies are able to control the
distribution as well as production and merchandising of the their products and brand image.