QA.1. Describe the process of sourcing and discuss the strategies and types of sourcing.
- Sourcing is identifying, evaluating, and engaging suppliers for apparel materials and products.
- Sourcing process includes needs assessment, supplier evaluation, negotiation, and performance monitoring.
- Global sourcing leverages international cost/specialization advantages; domestic sourcing prefers local supply chains.
- CMT (Cut-Make-Trim) uses buyer-provided materials; OEM/ODM involve manufacturer's production/design.
Answer: Sourcing in the apparel industry is the crucial process of identifying, evaluating, and engaging suppliers for raw materials, components, and finished goods required for production. It is a fundamental function of merchandising management, directly impacting cost, quality, lead times, and ultimately, a company's profitability and competitiveness in the market. Effective sourcing ensures a stable and efficient supply chain, adapting to dynamic market demands and consumer preferences. ### The Pr...