Meibang Apparel no longer puts "eggs" in the "basket" of Chinese garment processing companies. Zhou Bangjian, Chairman of Meibang Garments, said in Shanghai on the 26th that in the spring and summer of 2012, about 10% of its products will be purchased from overseas markets outside of China, thereby improving the level of supply chain management and more effectively controlling inventory.
Zhou Chengjian said that at present, the inventory of Smith Barney's apparel is about 3 billion yuan, and the amount of inventory is about 2 billion yuan. It is more appropriate, according to the company’s current annual operating income of about 10 billion yuan, about 1 billion yuan more. Inventory is expected to be basically digested when the 2012 semi-annual report is released and restored to a healthy level.
At the end of 2010, the sales of single-store Meibang apparel increased nearly 100% year-on-year, and the team of Meibang Garment executives expects that the apparel sales will continue to increase in 2011, increasing the amount of apparel orders; at the same time, there will be more orders from garment manufacturers. With limited manpower, many orders were not accepted by the factory. Therefore, the company has forwarded some orders to the processing plant in advance, resulting in more stocks in this year.
Zhou Chengjian stated that instead of managing and resolving inventory through self-built factories, M.B. apparel will continue to stick to the light asset model, but will adopt a model of global apparel procurement to improve supply chain management. He said that there are already about 10 garments for the spring and summer of 2012. % comes from garment factories outside China. He said that if the global procurement is properly managed, the length of clothing from the factory to the consumer can be as short as 5 to 10 days, and the inventory can be maintained at a relatively benign level.
The majority of Midrand apparel purchases in the world are high-end apparel products. According to the global procurement sources of Smith Barney, on the one hand, under the background of the appreciation of ***, global procurement will have a higher price/performance ratio, so that product quality will be better protected; on the other hand, it is now more competitive in China. The manufacturers have basically been full of foreign orders, and can only pre-set the volume, and have a long reaction period for temporary orders and replacements. They can't meet the requirements of the fast fashion of the US state apparel. Global procurement can make Mayang apparel The selection of suppliers is wider and the selection area is larger, which enhances the richness of the products.
In addition, due to rising labor costs in China and other factors, more and more companies are beginning to shift orders overseas. The reporter recently investigated the clothing manufacturing enterprises in Zhejiang Pinghu and other places under the Meibang Apparel and found that in recent years, the average annual salary has increased by about 30%. At present, the annual salary of a garment worker in Pinghu is around 30,000 yuan.
Zhou Chengjian said that at present, the inventory of Smith Barney's apparel is about 3 billion yuan, and the amount of inventory is about 2 billion yuan. It is more appropriate, according to the company’s current annual operating income of about 10 billion yuan, about 1 billion yuan more. Inventory is expected to be basically digested when the 2012 semi-annual report is released and restored to a healthy level.
At the end of 2010, the sales of single-store Meibang apparel increased nearly 100% year-on-year, and the team of Meibang Garment executives expects that the apparel sales will continue to increase in 2011, increasing the amount of apparel orders; at the same time, there will be more orders from garment manufacturers. With limited manpower, many orders were not accepted by the factory. Therefore, the company has forwarded some orders to the processing plant in advance, resulting in more stocks in this year.
Zhou Chengjian stated that instead of managing and resolving inventory through self-built factories, M.B. apparel will continue to stick to the light asset model, but will adopt a model of global apparel procurement to improve supply chain management. He said that there are already about 10 garments for the spring and summer of 2012. % comes from garment factories outside China. He said that if the global procurement is properly managed, the length of clothing from the factory to the consumer can be as short as 5 to 10 days, and the inventory can be maintained at a relatively benign level.
The majority of Midrand apparel purchases in the world are high-end apparel products. According to the global procurement sources of Smith Barney, on the one hand, under the background of the appreciation of ***, global procurement will have a higher price/performance ratio, so that product quality will be better protected; on the other hand, it is now more competitive in China. The manufacturers have basically been full of foreign orders, and can only pre-set the volume, and have a long reaction period for temporary orders and replacements. They can't meet the requirements of the fast fashion of the US state apparel. Global procurement can make Mayang apparel The selection of suppliers is wider and the selection area is larger, which enhances the richness of the products.
In addition, due to rising labor costs in China and other factors, more and more companies are beginning to shift orders overseas. The reporter recently investigated the clothing manufacturing enterprises in Zhejiang Pinghu and other places under the Meibang Apparel and found that in recent years, the average annual salary has increased by about 30%. At present, the annual salary of a garment worker in Pinghu is around 30,000 yuan.
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