Fashion Fund. Final Flashcards
Sourcing?
find out where to get and obtain
something from a particular source
Global Sourcing?
sourcing from
the global market for goods and services
across geopolitical boundaries.
Outsourcing?
the process
of contracting a business
function to someone
else.
Manufacturing
make (something) on a large
scale using machinery.
developed countries
imports exceed exports, i.e. special textiles, smart clothes
developing countries
transition phase, i.e. better quality apparel, fur, leather
newly developing countries
agriculture to industry, i.e. import textiles to produce cheaper
apparel, lowest wages
CMT?
Cut Make Trim (CMT)
Factories- cutting fabric,
making garment, providing
trims
Trims
Left over fabric- waste or reused?
Preproduction
all product
development activities performed
before the garment is approved production
Full Package Factories
finance all materials and deliver
finished goods in addition to
assembling apparel to specs
Package Factories
do not offer
product development services (normal
service Factories)
findings
additional components to apparel i.e. zippers,
buttons, etc.
Licensing
extending the value of a
brand without having to develop and
produce a new product
trade fairs
trade shows designed to
get textile and apparel manufacturers
and retailers together to facilitate
efficient transfer of ownership of
products and services
International Trade
Any exchange of goods involving two
or more countries
Domestic Trade
exchange of goods, services or both
within the boundaries of a specified
state or country
Global Trade
Includes the potential interactive
participation of many groups, cultures,
and nations in the manufacturing and
distribution of products
Import and Export Trading Companies
develop and mange international supply chains to assure
goods arrive in a timely manner, correct quantity, acceptable quality, sustainably
Supply Chain
sequence of business processes in multiple countries using multiple firms to fulfill
demand for products and services
Sustainability
endurance of systems and processes
Fair Trade
social movement whose stated goal is to help producers in developing countries achieve
better trading conditions and to promote sustainability. Members of the movement advocate the
payment of higher prices to exporters, as well as improved social and environmental standards.
Environmental sustainability
conserve natural resources and protect global ecosystems to support health and wellbeing
Social Responsibility
an ethical framework and
suggests that an entity, be it an organization or
individual, has an obligation to act for the benefit of
society at large.
Sustainable Design
philosophy of designing physical
objects with the principles of sustainability.
Counterfeiting
The act of making an imitation of an original with the intent to defraud
Knockoffs
a copy or imitation, especially
of an expensive or designer product.
Bootleg Goods
made by the same
manufacturers that make the real one
but who are selling some goods to the
black market
Gray Market Goods
those that were not
intended for sale in the country in which
they are being sold i.e. expensive Swiss
watch sold at a low price in the US
without a valid warranty in the US
Copyright
the exclusive legal right, given to an originator or an assignee to
print, publish, perform, film, or record literary, artistic, or musical material, and to
authorize others to do the same.
Patent
a government authority or license conferring a right or title for a set
period, especially the sole right to exclude others from making, using, or selling
an invention
Trademark
a symbol, word, or words legally registered or established by use as
representing a company or product.
