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What Does Agility Mean In The Era Of Digital Disruption?

Posted by Harriet Schneider on Aug 9, 2018 8:00:00 AM

 

Digital disruption is the new normal. And, as part of their digitalization journey, manufacturers now have a whole spectrum of modern tools to embrace. Greater agility is often touted as one of the important benefits of these digital tactics. Greater speed is a coveted prize, sought after by manufacturers since the era of Henry Ford’s assembly line.

Now, though, responding to change with lightning fast reflexes is not enough. Manufacturers must anticipate future trends and strive to predict customer demands before the customer even has acknowledged the need. Being the first in a market pace is often the key to owning it.

So, having a view of tomorrow is now more important than ever. Today we call it predictive algorithms and data science. We strive to speed product releases and adopt new features as quickly possible. Accelerating speed in one department drives the need for acceleration in other departments. The continuous rush of change, when not controlled, can start to resemble a hamster spinning in its wheel—but getting nowhere. Without meaningful objectives, speed for the sake of speed starts to become fruitless.

As manufacturers undertake digital initiatives, they should pause and consider the ongoing quest for speed and understand its true value. It’s important to be cautious about blind, over-emphasis. Speed has its risks, from higher levels of errors, quality issues, and a workforce that isn’t trained on new policies or processes. There is a fine line between efficient decision-making and rash, knee-jerk responses which can take a company down circuitous routes, far from the prime objectives. In fact, some would contend that reactionary measures lacking cost analysis and thorough financial impact study are simply reflexes, with a 50-50 chance of being right or wrong.

How did we get here?

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Topics: Digital Transformation, Manufacturing, Food & Beverage, Rentals & Equipment, Fashion & Apparel, digital disruption

Podcast: Stranger Than Fiction

Posted by Harriet Schneider on Aug 7, 2018 12:12:36 PM

What deep learning means for Retail CX

Matt Gunn and Puneet Mehta of msg.ai, a Silicon Valley startup focused on conversational AI, discuss how deep learning will shape the future of retail as consumers engage with brands (and their AI) to achieve more personalized, intimate shopping experiences.

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Topics: Fashion & Retail, Fashion & Apparel, retail software

Podcast: It Takes A Village

Posted by Harriet Schneider on Jul 26, 2018 8:00:00 AM

In this episode of Reinventing Retail, Matt Gunn and Jenny Reese Potter chat with Tomer Tagrin, CEO and founder of Yotpo: a company out of Tel Aviv that leverages user generated content throughout the buyer journey to increase trust, social proof, and sales.

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Topics: Fashion & Retail, Fashion & Apparel, retail software

The Impact Of Communication – Telling The Digital Transformation Story

Posted by Harriet Schneider on Jul 24, 2018 8:00:00 AM

 

By Carol Fitzgerald Tyler
Global Senior Practice Director, Organization Change Management | Infor

Challenging though it may be to create a vision that will transform an organization, it is crucial to effectively spread the message of digital innovation. Communication is often cited as the number one challenge for business transformation and change management. A strong communications strategy can lead an organization to a successful transform.  Leaders can encourage teams to innovate by communicating both the organizational vision and the acceptance of occasional failure. Companies with a clear vision are on average more effective in their efforts, and as a result, more profitable.

A strong communications strategy can lead an organization to a successful transform...

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Topics: Digital Transformation, Manufacturing, Food & Beverage, Rentals & Equipment, Fashion & Apparel, Change Management

Warehouses Evolved: From Storage To Strategic Advantage

Posted by Harriet Schneider on Jul 5, 2018 8:00:00 AM

Join Stacie Immesberger and Guy Courtin on Supply Chain Radio as they discuss the evolution of warehouses, and how advances in everything from automation to robotics are changing the game.

From the first mile to the last mile, consumers and the rise of digital technology are transforming the entire supply chain. And from their position as one of the last stops between manufacturers and retailers (not to mention end consumers), warehouses are ripe for innovation. 

 

 

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Topics: Retail, Supply Chain, Fashion & Apparel, Life Sciences, Supply Chain Agility

Is A Blockchain Standard The Key To Transparency In Fashion Supply Chains?

Posted by Harriet Schneider on May 9, 2018 4:13:01 PM

This time last year, we looked at the Fashion Revolution movement and its clarion call for transparency across fashion supply chains. Since then, the movement has gained even more momentum; 2017 numbers reflect greater participation on social media with more consumers asking #whomademyclothes, and more workers posting photos of themselves replying, #imadeyourclothes. 

Crucially, more brands are responding to the demand for transparency. 2017’s Fashion Revolution Week had over 1,000 mainstream clothing brands respond to #whomademyclothes, up from around 400 the previous year. It’s a safe bet that this form of engagement will keep growing in the coming years. So the real question becomes, what’s next?

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Topics: Fashion & Retail, Fashion & Apparel, Supply Chain Visibility, Supply Chain Network

A Podcast: Why Consumers Care About Supply Chain Visibility

Posted by Harriet Schneider on May 3, 2018 6:39:34 PM

Eight out of 10 consumers expect to receive regular updates about the status of their orders, according to a new survey from YouGov and the Infor GT Nexus Commerce Network. In this episode of Supply Chain Radio, Matt Gunn and Greg Kefer dive into the data and discuss why supply chain visibility is more important than ever.

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Topics: Fashion & Retail, PLM, Fashion & Apparel, Supply Chain Network

Unico Global Inc: An Outdoor Garment Manufacturer Benefits From Cloud Supply Chain Network For Funding Business Growth

Posted by Harriet Schneider on Apr 27, 2018 9:57:49 AM

Even successful suppliers, who have some of the world’s leading brands as clients, face challenges in having enough working capital to cover the cost of their operations. Unico Global Inc. is a major outdoor apparel producer that had to navigate the tricky business of accepting its buyers’ extended payment terms while also maintaining enough working capital to operate effectively.

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Topics: Fashion & Retail, PLM, Fashion & Apparel

Fashion Moves Fast – Can Your Software Keep Up?

Posted by Harriet Schneider on Apr 19, 2018 1:54:31 PM

It used to be there were just two seasons in the fashion calendar. Then it was four. And now, well, some brands seem to introduce a new collection each week.

Why? Because consumers are highly connected, draw inspiration from a world of influencers and media, and are hungry for new products, more variety, greater customization, and the ability to make purchases whenever and wherever they want. It’s placed the fashion industry under constant pressure to produce fresh, original, and distinctive products – quickly, and at often at the lowest possible price.

But the supply chain isn’t short, and planning, sourcing, and production take time. Yet many brands still rely on decades-old software to get the job done. These legacy systems were built for on premises installation, are often highly customized, and lack the connectivity or scalability brands need to quickly adapt to the latest trends and get their suppliers and factories up to speed along the way.

What are three things brands should look for in their core planning software?

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Topics: Fashion & Retail, PLM, Fashion & Apparel

5 Ways Better Value Chain Collaboration Can Improve Your Inventory.

Posted by Harriet Schneider on Mar 1, 2018 8:00:00 AM

With omni-channel sales expected to become a $7 trillion market by 2025, reports Forrester, creating and moving your inventory requires close value chain collaboration from raw material suppliers to third-party logistics, to your designers, marketing departments, and buyers.

Here are 5 ways to create a more collaborative fashion value chain:

  • Inform your inventory with an omni-channel presence;
  • Create a common inventory system accessible anywhere;
  • Coordinate schedules in real-time with analytics tools;
  • Shift inventory across channels based on omni-channel data;
  • Make collaboration essential with shared stakes.

Download and read this paper to learn more. One of our consultants is always available to answer any questions you may have.

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Topics: PLM, Fashion & Apparel

About ICCG

Welcome to our Blog - ICCG Insights!

Embracing thought leadership as a pathway for growth, represents the true spirit of progressive change that will make a difference in technology-driven industries. As a consulting company, ICCG customers look to us as their value-added resource. They expect us to be proactive about solving their immediate challenges and we don’t take that responsibility lightly. It is this that drives us to share our best practices, knowledge-base, years of experience, and tried and true methodologies. These have been the hallmarks of our corporate brand.

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