Posts tagged ‘textiles’

American Apparel Faces Market Forces

News is in that American Apparel has delayed filing its 2010 annual report. Speculation in the media has it that the popular T-shirt and basics retailer will report stiff losses over the past year. The company—whose popular line of primary-colored socks, tights and shirts are ubiquitous among certain demographics—has seen a spate of bad press and disappointing financial numbers recently.

According to some reports the increasing price of yarn and textiles over the past year, coupled with “labor inefficiencies,” has led to the declining profits at American Apparel. The company was forced to hire hundreds of new workers at its Los Angles manufacturing plant after a federal investigation into worker eligibility led to mass firings. The inexperienced labor supply has in turn led to a less efficient manufacturing process.

http://latimesblogs.latimes.com/money_co/2011/03/american-apparel-says-it-expects-to-report-a-loss-and-sales-decline-for-2010.html

It is interesting to look at American Apparel as a case study on the forces affecting today’s clothing manufacturers and retailers. Even though the brand is high-profile and popular, the various complexities of the market have compounded to threaten the underlying viability of the company.

No manufacturer is immune to market forces. Many of the factors pushing against American Apparel are well-known obstacles. Fluctuating raw material costs, regulatory compliance, labor efficiency; these are all factors that people in the clothing industry are well acquainted with. In fact, many manufacturers use Supply Chain Management or Product Lifecycle Management software in a concentrated attempt to bring these chaotic forces into check. For example, there is very little your company can do to affect the increasing price of cotton on the global market. However, with a well-implemented PLM system you may be able to foresee potential supply issues and enact design changes to avoid making costly mistakes. Likewise, if you use contractors or subcontractors in the manufacturing process, a PLM or SCM system can help you track and verify regulatory compliance.

So take a look at your operation and decide if you are doing everything in your power to stay on top of the kind of volatile market forces which are battering American Apparel right now. It may be necessary to implement a supply chain software system to help you oversee your efforts, and help avoid serious financial issues that result from compounded market forces.

JW Yates

New York City, New York

March 21, 2011

 

Business Management Systems

330 West 38th Street

Suite 705

New York, NY 10018

(800) 266-4046

info@bmsystems.com

www.bmsystems.com

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March 21, 2011 at 3:07 pm Leave a comment

Karina Kogan, President of BMS Featured in Textile Quarterly

Karina Kogan, President of PLM software provider Business Management Systems (BMS), will be featured as a guest contributor in this month’s issue of the notable international textile and apparel magazine, Textile Quarterly.

“When Textile Quarterly approached me to write an article for their special PLM issue, I was honored,” says Kogan. “The caliber of my fellow contributors for this issue is remarkable, and I am humbled to be counted among them.”

Kogan’s article, “Competitive Advantage through PLM: A Strategic Perspective” discusses the industry-specific benefits of implementing a product lifecycle management system, and how companies can utilize these benefits to gain a competitive edge in the textile and apparel industries today.

You can read Kogan’s article in the February 2010 PLM issue of Textile Quarterly Magazine. You can find Kogan and other contributors for this special issue on TextileQuarterly.com.

February 26, 2010 at 7:37 pm Leave a comment

BMS’s New Year’s Resolution? Bring Back the Featured VerTex Toolbox of the Week!

We at BMS Blogs! have decided that in honor of the New Year, we would make a resolution to resinstitute the Featured VerTex Toolbox of the Week!

We think it’s a good idea that deserves more attention, so that our readers can get to know what we do a little better each week.

For those of you new to the blog, BMS is a leading provider of product lifecycle management software to the apparel & textile industries. Our product, VerTex, is is an easy-to-use, easy-to-install modular system of “Toolboxes”, with each toolbox encompassing a different aspect of your business while promoting the cohesion of all aspects for a more efficient and profitable company (Learn more at BMSystems.com).

Sure we like to come here to talk about fashion, technology and more, but rarely talk about ourselves. And we think you deserve to know!

This week, we will highlight the VerTex COSTING Toolbox:

The VerTex COSTING Toolbox helps you to not only efficiently & conveniently cost products by product component in an organized & effective manner–it can actually help your company to save money, by allowing for side-by-side multiple vendor comparison and assuring accurate costing every time with final costing enabled with price history.

January 11, 2010 at 9:35 pm Leave a comment

Business Management Systems: New Location in NYC!

You may have noticed that we’ve been absent from cyberspace for a while. We apologize for the unexplained hiatus, but we are pleased to announce that there have been some exciting changes happening here at Business Management Systems—most notably our new location in New York City!

Business Management Systems is now located at:

330 W. 38th Street
Suite 705
New York, New York 10018

Also please make note of our new phone number:
(212) 594-8770

We look forward to bringing you more news from our new location!

December 15, 2009 at 3:48 pm Leave a comment

Check Out BMS’s Newly Updated Profile on Just-Style.com

Click the link below to view our new Just-Style.com profile, and feel free to contact us with any questions or to learn more about product lifecycle management software.

Click here to view BMS’s New Just-Style Profile

October 27, 2009 at 3:09 pm Leave a comment

BMS at the California Fashion Association’s ‘Economic Crystal Ball’

Business Management Systems is a proud member of the prestigious California Fashion Association, and greatly looking forward to attending tomorrow’s special CFA event: ‘Economic Crystal Ball’.

“The California Fashion Association presents a relevant program for today’s
economic uncertainty.  A diverse panel of experts will weigh in with their
‘crystal balls’ for Retailing, Transportation, International Trade, and all
things related to the future of the Apparel & Textile industry of
California.”

We look forward to what is sure to be a rich and enlightening program, and excited to once again connect with fellow CFA members (and to meet some new faces as well)!

October 7, 2009 at 8:36 pm Leave a comment

PLM for Inventory Control – ‘Storing Cash’ from Footwear News

I recently read an excellent article in Footwear News called Storing Cash by Jocelyn Anderson, which focused on inventory control as a means of improving cash flow in times of economic decline.

SVP of RMSA Retail Solutions Paul Erickson is quoted as saying, “Inventory is No. 1, and the faster you sell it, the better your cash flow.”

To achieve this delicate balance, Bob Schwartz, president of of Eneslow Pedorthic Enterprises says, “If you think of each shoe box as dollars, the most important thing to do is tighten your inventory. Never be out of your core and don’t worry about the fringe—there’s no room for B- and C-level product right now.”

As a member of the PLM industry, it got me to thinking about and appreciating PLM in terms of inventory control and economic soundness.

Anyone’s who’s looked into PLM knows the gist of what PLM achieves—it creates a more efficient business and saves appreciable money, materials and labor, all while generating outstanding ROI. But when you break down the big picture, just like Erickson says, inventory control really is at the heart of it all.

For example, one of the core ways PLM saves a company money is by allowing a user to determine not only how much of a material is needed to create a product, but to determine exactly how many passes of the needle are required to stitch it together. This allows for laser-precise inventory control, saving fabric, thread, labor and time—and money on all of the above. Once a product is created and sold, meticulous records are generated, logging how many pieces where sold and delivered to each store, making it easy to re-order materials and produce the correct amount to fill another order.

One could argue that during an afore mentioned period of economic decline may not be the time to invest in a PLM system. I would like to argue that PLM may be the one safe investment during times of economic hardship. In my experience at BMS (where our clients enjoy 100% successful implementation and customer satisfaction rates) it is the one investment statistically proven generate profits, and could be just what the doctor ordered in terms of inventory control and economic stimulation.

Has anyone else read the article? I’d appreciate any comments or thoughts you may have on this topic!

September 24, 2009 at 9:06 pm Leave a comment

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About BMS

Business Management Systems (BMS) has been a leading provider of product lifecycle management software solutions to the apparel & textiles industry for 15 years, delivering VerTex Toolboxes--an easy-to-use modular system uniquely configured to meet every company's specific needs.

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