Industry Happenings Entries



Don’t Miss NGC and Xcel Brands at AAFA’s Executive Summit, March 1-3


AAFA Executive Summit
is the “can’t miss” show of the year for apparel retailers, brands and vendors. The Executive Summit, happening March 1-3 at the Watergate Hotel in Washington, D.C., brings together senior level executives from retail, apparel, footwear and fashion accessory brands around the U.S. and globe for two days of thought-provoking dialogue. The show provides a great opportunity to network and learn what retailers and brands are doing across their business to streamline production and improve their systems – something we aim to help our customers achieve. 

This year we are thrilled to not only sponsor the show, but our own Mark Burstein will also introduce Xcel Brands’ session “Supply Chain Rebels: Optimize Lead Time, Maximize Profits” at 4:20pm on Wednesday, March 1. During this session Bob W. D’Loren, Chairman and CEO of Xcel Brands, will share Xcel Brands’ lessons learned in their journey to supply chain excellence. Robert will discuss how fast-fashion processes are now necessary for every major retailer and manufacturer’s arsenal.

Xcel Brands is the ideal company to address this topic, with their implementation of NGC’s Global Enterprise Suite to improve design and production efficiency and reduce lead times. Our Global Enterprise Suite, comprised of NGC’s PLM, ERP and SCM solutions, has allowed Xcel Brands to respond quickly to the latest sales trends, as evidenced by their rapid response to a sold-out blouse at Lord & Taylor last year. (You can learn more in this Wall Street Journal article.) 

We look forward to seeing you at the AAFA Executive Summit! Let us know if you’d like to meet to discuss how we can help you streamline your production and increase your speed to market.



New Research Explores The “Zara Gap”

If you regularly follow NGC’s blog or our guest posts on The Sourcing Journal, you’ve heard us discuss what has been christened in the industry as the “Zara Gap.” The “Zara Gap” is the idea that retailers can increase profits and capitalize on market share by reducing lead times and delaying product completion to respond to changing consumer demands. Zara has achieved this while other fast-fashion retailers continue to lose profits and waste raw materials by ignoring consumer demand.

John Thorbeck, chairman of Chainge Capital LLC, and Warren H. Hausman, a professor at Stanford University, along with Citi Research, were the first to discuss the Zara Gap and are diving deeper and researching this phenomenon. According to Thorbeck and Hausman, “retailers can increase profits by as much as 28 percent and market capitalisation by as much as 43 percent if they reduce lead times and delay finished product commitments in order to respond quickly to changing consumer demand.”

In a recent article on Jan. 9, Business of Fashion further explored the “Zara Gap” based on Thorbeck and Hausman’s research. You can view the full article and learn more about the “Zara Gap,” here.

If you’re a retailer looking to close the gaps in your supply chain, contact NGC today.



New York Fashion Week Fall 2016: Designing for Delivery

The Fall 2016 Ready-to-Wear (RTW) shows did not disappoint, as we knew would be the case. We saw amazing collections from NGC clients, from Tibi’s over- exaggerated military cuts to Nicole Miller’s folk-inspired pieces. We were in awe of the amazing shapes, lines and forms of each piece as they were strutted down the runway. It once again showed the amazing skills these designers have to take raw materials and create wearable works of art.

While admiring these beautiful designs, we want to discuss how these designers manage getting raw materials to the runway and the production of the apparel once it’s ordered by buyers. Designers’ and brands’ backend systems, including, PLM, ERP and SCM, come into major play for production of the RTW collections.

Based in New York, Tibi is sure to get a lot of pick up of their androgynous collection this year. In order to meet those deadlines from buyers, Tibi has to stay ahead of customer demands and design hiccups, while also managing the specific requests for fabrics and notions. Tibi uses NGC’s integrated PLM and ERP to meet and manage the demands of retailers and unexpected sourcing issues. Read the case study to learn more about how they are producing fashion through technology.

Nicole Miller’s fall line featured mixes of textures and traditional styles. This flirtatious line features fabrics and patterns sourced from all over the world. With resources coming from a number of different locales, Nicole Miller will rely on our integrated PLM and SCM platforms they implemented in 2013 to manage sourcing and product pieces to meet deadlines and buyer specifications.

Check out our latest white paper to learn more about how NGC’s solutions are helping designers and brands meet their creative and business goals.  And be sure to check out some more of the standout looks from New York Fashion Week Fall 2016.


 
Ask An Expert

You have questions, we have the answers!

 
     

Keep in touch for the latest industry news and articles.

Subscribe to our mailing list Subscribe to our mailing list for updates.


NGC Software - The Leader in PLM, Global Sourcing and ERP Software Solutions

© New Generation Computing, Inc. 1996-2017. All rights reserved. | Privacy Policy
Site Design by Doodle + Code