A well-functioning supply chain not only has to be effective, but also efficient.
To put it simply, efficiency generally refers to the extent to which a process uses resources in the best way possible to ensure the fast, smooth running of systems, while effectiveness is the extent to which a process produces the kinds of results sought.
The parameters of an effective and efficient supply chain are optimisation, lowest possible cost, timeliness and, importantly, consistency.
To enhance the supply chain process, the management of the supply chain, procurement and production has to majorly focus on 8 key drivers of supply chain development. These include minimising supply chain costs, enhancing responsiveness to customers’ needs, improving the delivery performance, making supply chain less complex, strengthening sustainability, improving volume flexibility, optimising end-to-end visibility and reducing risks.
To effectively and efficiently implement these drivers of success, executives at all points in the supply chain must engage in focused planning and process implementation measures.
Importantly, how the company manages the transformation and transportation of assets in that supply chain ultimately determines the value it creates globally.
Besides, there’s also ample opportunity for digitisation in many touch points of the supply chain – ranging from forecasting to factories to warehousing products. Notably, these opportunities also require corresponding business changes and upgrading technology.
Keeping all this in mind, Apparel & Footwear Association (AAFA) has yet again taken initiative to organise an interactive webinar on 25 and 26 May 2021.
AAFA is an American industry trade group that represents hundreds of apparel, footwear and sewn product companies and their suppliers.
The Group, hosting the programme virtually, brings Sally Gilligan, Chief Information Officer and Chief Strategy Officer at Gap, Inc. as the industry keynote for the conference on 25 May.
Then on 26 May, AAFA brings The Honourable Gina M. Raimondo, US Secretary of Commerce from the US Department of Commerce as the Government keynote.
Some other key speakers, who are a part of the two-day summit, include David Herridge, EVP Global Value Chain Technology, PVH Corp., Karsten Newbury, Chief Strategy and Digital Officer, Gerber Technology, Marcus Chung, VP Manufacturing & Supply Chain, ThirdLove, Patrick Fox, Senior Director, Customs and Trade Strategy, VF Corporation and Katie Tangman, Director Global Customs and Trade, Columbia Sportswear Company, amongst many other experts.