What Should The Hosiery Industry Do? 

Click on the link below to find out the details from each area:

Lean Manufacturing and Constraint Management

What Do We Mean by Lean Manufacturing?

Supply Chain Management

Do Not Give Away Margins

Others

 

 

  • Lean Manufacturing and Constraint Management
    • Speed to market is critical, our only competitive advantage.
    • We can never compete on price alone!
    • Retool our manufacturing capabilities to maximize delivery speed to customer.
    • Do not increase delivery speed with inventory. Reduce inventories!
    • Do you want to make money or sell efficiency? 
    • Note: Lean manufacturing is a process that needs to be learned and implemented. If you need help with implementing lean manufacturing in your plant, we can help. We have pulled together a team of resources to help you do this at a fraction of the market cost.

     

  • What do We Mean by Lean Manufacturing?
    • Eliminating box stock inventory.
    • Maximizing throughput, not efficiency.
    • Extremely low in-process inventory.
    • Stopping machines that do not have orders.
    • Running equipment only on orders on hand.
    • You think we are crazy right? We have seen it done and it works. 

     

  • Supply Chain Management

     

  • Do Not Give Away Margins
    • Offer customers value added products and charge them for the benefits!
      • Innovative yarns
      • Performance products
      • Quality components
      • Search for markets with new upcoming brands.

     

  • Other Strategies
    • Take exporting opportunities seriously. 
      • The opportunities are real! You must take the time and commitment to make it happen.
    • Form alliances with suppliers
    • Supply chain partner
    • New products
    • Joint marketing to retailers for mutual benefit
    • Concentrate on marketing and outsource manufacturing 
    • Form alliances with domestic greige knitters and contract finishers.

     

  • The Bottom Line:
    • Exploit your one competitive advantage
    • Implement lean manufacturing and constraint management processes
    • Implement supply chain management with your customers and suppliers
    • Form alliances with contract knitters and finishers where all parties can win
    • Investigate importing, recognizing all the pitfalls
    • Those companies who change will survive, not necessarily the largest or strongest!

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