When people hear the term “lot traceability software”, most immediately think of it in terms of the food and pharmaceutical industries – and for good reason. Take any bottle of ketchup or package of pills and you will find a lot number stamped on it, usually alongside the expiry date. Within the food and pharmaceutical industry, lot traceability is not discretionary, but a required component due to the potentially dangerous nature of products in those industries. It is required in order to meet ISO standards and remain in compliance with the FDA’s Food Safety Modernization Act and the CIFA’s Safe Food for Canadian’s Act. However, what many people don’t realize is that lot traceability software can be valuable in other industries as well, and more specifically in the apparel and textile industry.
This post is number three is a series of posts discussing commonly misunderstood ERP software terms.
Apparel inventory software is designed to streamline all processes of an apparel wholesale/distribution business. Aside from specific apparel functionality such as product generation and an order entry and purchasing matrix, an apparel inventory system should also include full inventory and accounting functionality, contact management, and eCommerce integration. With all processes accounted for in the same system, users can quickly access quantity and pricing information while creating sales orders and efficiently reorder product when necessary.
Guest blog post by Samantha Hornby.
(click the image for the full infographic)
The following is a transcription of the above infographic discussing the North American apparel industry, statistics on apparel ecommerce and what apparel inventory software is all about.
The global textiles, apparel and luxury goods market had total revenues of $3,049.5 billion in 2011. In 2010, China’s textile industry processed 41.3 million tons of fibre, which accounted for 53% of the world’s total production. Read the rest of this entry »