| | AUGUST 20188CIOReviewTHE DEMAND & SUPPLY SCENARIO FROM IT'S PERSPECTIVEBy Arindam Sinha, Group CIO, EPIC Grouphe Fashion Garment manufacturing in-dustry has been going through a lot of change, and there is a similar size of players who are into the same business of manufacturing Garments, and they all see an opportunity of growth in this era of Global Expansion. Every player's strategy is `the com-plete instructions for which actions to take in the game' (Cachon&Netessine 2003) in a way that each player aims at successfully achieving its strategy knowing that other players are acting the same way. The initial steps for Globalization and creating a business model is straightforward. With the dynamic changing scenarios and payoffs are dependent on the specific managing techniques and watching competi-tion closely. Three factors must also be included in the Garment manufacturing model, which can significantly affect the Total outcome of flipping in demand. Each move made by the competitor will change the demand scenario and challenge the incumbent. When offered a broader, more comprehensive choice of designs, brands could change their behavior--for instance; brands now say that it is better to select a style which is more popular and acceptable by the market is under 20 Pounds pric-ing. How can an IT strategy be aligned with business? The following three basic kinds of stuff are the business demands which helps in shaping an IT policy for this sector of the industry.Cost differences. New players are operating at sig-nificantly low costs, however, generally enjoy economies of scale. But experiencing a higher degree of complex-ity and Quality obligations, such products which rarely margins have, often negate this advantage.The advantage of Operations in dispersed Geograph-ical Location. In the current global scenario organiza-tions which are looking beyond their boundaries will always have locational in-house production advantage. Many products, intrinsically unprofitable by themselves, are valuable only as feeders to the more significant products. Brands prefer seamless supply chain to their retail stores--a preference that plays to manufacturers strengths, especially when it comes to handling different product mix and delivery schedules.Price sensitivity. Competitors typically charge lower conversion rates, and the degree of difference needed for Brands to switch product design styles is critical to the outcome.For Globalization, it is most important to take up "new Investment" as game model and assumptions, TIN MY OPINIONReorganizing the IT organization according to competencies will help to deliver as per the demand of the business requirementsEpic Group is a Hong Kong based Apparel Manufacturing & Sourcing company, with manufacturing bases at Bangladesh, Vietnam, Ethiopia and Jordan and sourcing offices at USA, HKG & Bangladesh. As the Group CIO positioned in Hong Kong, his key focus lies on strategy, creating business value with Business IT Strategy, Customer Satisfaction, and IT-led business innovation and transformation. Also, Led team focusing on results and execution.
< Page 7 | Page 9 >