A/ ASSIGNMENT RECAP

●      Assessment focuses on sourcing the process of fashion and textiles (fiber & yarn, fabric, garment, trims).

●      Choose a local or global company and analyze its sourcing process.

●      Report includes sourcing materials, country, suppliers, quantity, quality requirements, and ordering quantity.

Suggested structure:

I. Executive summary

II. Introduction

III. Sourcing process

1. Material sources

2. Manufacturing sources

3. The operation of sourcing

IV. Ordering quantity and quality assurance

1. Ordering quantity

2. Quality assurance

V. Sustainability

            1. People

            2. Planet

            3. Profit

VI. Information technology

VII. Conclusion

VIII. References

B/ KEY TERM DEFINITION

Sourcing:

●      Sourcing: Identifying, selecting, and obtaining materials from external suppliers.

●      Involves finding reliable suppliers, negotiating contracts, and managing procurement.

●      Aims to secure necessary resources considering factors like cost, quality, and sustainability.

Ordering quantity:

●      Ordering quantity: The specific quantity of products or materials requested from a supplier.

●      Represents the amount needed to meet operational or production requirements.

●      Varied based on factors like demand, inventory, lead time, and cost.

Quality assurance:

●      Quality assurance: Activities to ensure products/services meet quality standards.

●      Involves setting objectives, implementing control measures, and improving processes.

●      Aimed at preventing defects and continuously enhancing quality.

Information technology:

●      Information technology (IT) involves computer-based systems, software, and networks.

●      IT enables efficient data processing, communication, automation, and decision-making.

●      IT professionals design, implement, and secure IT systems and infrastructure.

Sustainability:

●      Sustainability: Meeting present needs without compromising future generations.

●      Balancing environmental, social, and economic factors for long-term viability.

●      Minimizing resource depletion, reducing environmental impact, promoting social equity, and fostering economic prosperity.

C/ DETAILED GUIDELINE

I. Executive summary

Provide a concise overview of the main points and findings of a document or report. It should be clear, focused, and tailored to the intended audience, highlighting key insights and recommendations.

Example:

This paper analyzes Lululemon's sourcing practices as a fashion and textile company, focusing on materials, country, suppliers, quantity, quality, information technology utilization, and sustainable strategies, sourced from Lululemon's website and annual reports.