Defining Information Requirements discussion notes

Transcription

1 Defining Information Requirements discussion notes What information can Lululemon collect that may be useful to their suppliers? Product Sales: Sales by product types. Sales in each demographic area. Historical sales. Project sales. Forecasted quantity. Expected quantities of each product. Peak sale times. Demand of each types of product. What is the general and seasonal demand? Customer demand. Volume of each product sold. When do they need it by? Seasonal trends. Product with highest and lowest inventory turnover. Which product or style is most popular? Which products customer prefer? Colors, sizes, materials, etc. Inventory levels what is selling, what s not. Inventory turnover rate. Time spent sitting in inventory. Days in inventory. Stock levels. The trend of products in market. Purchase trends. Athletic trends. New strategies that marketing team has implemented. Raw Materials: What materials do they want to be used for their product? What specific material is needed? What form do we need materials in? thread, sheets? Thickness? Width? What kind of fabric? How much? What products to make leggings, hoodies, etc. What trends are in style, e.g. neon or earth tones. When do they need them? The order quantity. How much raw materials we need. Which factory location do we need the materials delivered to? Which materials are in highest demand? Most popular materials. Market trends. How many types of materials and what? The stock method just in time (JIT)? Just in case (JIC)? What will the materials be used for? What are products being assembled? Manufacturing process. Customers: Customer responses to quality of products? Quality expectation? What sizes they need? What price customers willing to pay? Target customers. Customer demographics. Consumer preferences in different locations. What types of design do consumers like? Customers purchasing pattern Customers purchasing power. How much they are willing to spend? Customer complaints. Customer feedback. Customer satisfaction/dissatisfaction.

2 Logistics: Lead time for delivery. Delivery dates. When each material would be needed? Times of delivery. Deadlines for shipment. Locations for delivery. Where? Delivery methods. Which mode of transportation? Shipping time and costs. How quickly the suppliers can ship the materials? How often the shipment (when)? When do they need the shipment? Which locations have a higher demand for certain products? Most popular retail locations. Delivery destinations (factory plants). How long should the transportation take? Most effective transportation routes. Delivery channels. Retail locations. Retailers. Efficient downstream channels. Supply chain efficiency. Delivery efficiency. Where to find raw materials? Order type (make to buy or make to order) Any wholesalers? Quality of Product and Raw Materials: Quality of materials different types. Defective products returned. Return rate (defective rate) Common failure in production Quality requirement. What quality need to be maintained in manufacturing? Sustainability requirements Quality of supply. Spoilage rates. Return policy. Costs How much is Lululemon willing to pay? How much is Lululemon payng compared to suppliers? Expected unit cost? How much labour is needed? What is the cost? What are freight costs? Who is paying? Production costs? Selling price. What is the cost of the product line?

3 Miscellaneous? How much do they sell? What is the market price for similar products? How many competitors in the market? How much profit will their product generate? Profit margin Cost of the supply Can we get it all from one supplier? How other suppliers perform? Price and quality of competitors products. Financial analysis on shareholder s equity. Budget. Available employees. Market share. What are the exchange rates? Brand values. Ethical issues in manufacturing. Weather. Labour costs. Supply vs. demand. Potential risks.

4 What information would Lululemon want to know about their supply chain? Downstream: Past sales history Forecast sales, target market How long does the inventory last? Inventory turnover. Efficiency of order fulfillment. Efficiency of supply chain. Cost of delivery. Market trends Price vs. costs Market saturation Entry barriers Upstream: Different suppliers prices variety, which is cheaper? Buying a supplier instead cost saving? Delivery charges? Shipping costs? Average time of delivery. Any bottlenecks. Feedback on logistics. Stability/reliability of suppliers. Cost of shipments. Discount. Potential suppliers Production: Cost of production. Cost of materials. Internal costs. Production capacity. How long does production take? What materials are used? How much raw material available? Manufacturing processes. Quality of items. Quality checks Equipment turnover Development of new materials. Is process sustainable? Ethical production

5 Human Resources: Employee turnover Staffing requirements. Type of labor Regulations: International laws and possible amendments Environmental goals and standards. Work safety standards End of document