Product Innovation
Product Innovation: An Important Parameter for Supplier Selection Method in Fashion Manufactuirn
Usually, fashion retail companies use set of standard procedures for selecting their suppliers. Retailers send orders to the buyer with supplier selection procedures to source clothing from their suppliers according to their needs and preferences. If Supplier Company wants to cooperate with the Fashion Retail Company, the minimum requirements (Quality, Delivery time, Price) for cooperation need to be fulfilled. Beside these three factors, there is one extra factor that might be very important and can “trigger” buyer’s attention. That is the innovation segment. The innovation segment is especially important for supplier selection procedure and it will be additionally explained.
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| Image courtesy: gapcareers.co.uk |
There are many cases where suppliers present their products to buyers (in their show room or visit buyer’s office) in order to start cooperation, but most of them always make same