Textile and fashion industry in numbers

1.          The fashion and textile industry in 2010 are 2.560 trillion $.
2. The children's fashion industry would be expected in 2014 year 186 billion $.
3. The wedding industry by 2015 year will be worth $ 57 billion.
4. Men's clothing industry is accounts for over 402 billion (2014).
5. Women's fashion industry is worth more than 621 billion $.
6. Textile manufacturing of organic cotton is worth 5 billion $.
7. The American family spend average per year 1700 $ on clothes.
8. In 2010 China has processed 41.3 million tons of fabric; it is more than 50 % of world production.
9. The Chinese textile industry produces 3 million tons of soot every year.
10. The million tons of fabric annually thrown away because they (accidentally) have the wrong colour.
11. The employment in the US textile industry last 20 years has increased by 80 %.
12. The highest wages in the textile industry are in Germany, while in the Philippines the lowest price, only 88 cents an hour.

Risk Analysis

In order to understand these terms: risk management and risk management system, it is necessary first to define the concepts related to the risks. Risk is defined as calculation forecast emergence of negative events (hazards) that cause loss or calculation forecast emergence of positive events (opportunities/chances), which bring us benefits.

Risk is a condition in which there is a possibility of negative deviations from the desired outcomes that we expect or hope will happen. In terms of business, risk is an unfulfillment of desired business objectives and it must include threats and opportunities from the environment that can potentially contribute to the growth and development of the PBS, but prevent development, and thus endanger the very survival of a PBS. The risk, in the broadest sense, is a particular danger, uncertainty, loss, or the uncertain future event that may have unintended consequences. The concept of risk comprises three elements:

• The perception that something might happen.

• Probability that something happens.

• The consequences of what might happen.

Strategic management in the garment industry

Table of Contents:

Strategic management
- Strategy
- Strategic management
- Vision, mission and goals

Garment industry
- Garment industry
- Development

Strategic marketing in garment industry
- Marketing
- Analyse and market segmentation
- Marketing strategy
- Management of retail, wholesale and logistic market
- Diversification
- International marketing
- Internet marketing
- Knowledge management and innovations

Strategic management in garment industry
- Strategic business conditions
- Strategic planning
- PEST analysis
- Portfolio analysis
- Strategic control
- Benchmarking
- Brand strategic

Strategic methods
- Strategic methods
- SWOT
- Scenario method
- Gap analysis
- Ansoff's matrix
- Five Forces Analysis
- The McKinsey "7-S" framework
- Balanced Scorecard

Organizational behaviour
- Organizational behaviour
- Organization structure
- Organizational culture
- Motivation
- Work teams

Kind of Wastes

According to David Magee and Liker different kinds of wastes in a process can be categorized in following categories. These wastes reduce production efficiency, quality of work as well as increase production lead time:

1. Overproduction – Producing items more than required at given point of time i.e. producing items without actual orders creating the excess of inventories which needs excess staffs, storage area as well as transportation, etc.

2. Waiting time – Workers waiting for raw material, the machine or information. is known as waiting and is the waste of productive time. The waiting can occur in various ways for example; due to unmatched worker/machine performance, machine breakdowns, lack of work knowledge, stock outs, etc.

3. Unnecessary Transport – Carrying of work in process (WIP) a long distance, insufficient transport, moving material from one place to another place is known as the unnecessary transport.