Apparel Industry Management

Apparel Industry Management 3(3+0)

Lesson 48 : Role of Sourcing Decisions in an Apparel Firm

Material Sourcing Responsibilities

The people responsible for acquisition or procurement of materials may include buyers, designers, merchandisers, sourcing specialists or purchasing agents. The responsibilities of persons responsible for sourcing are given below.

• Provide an uninterrupted flow of materials and services necessary for maximizing the efficiency of the manufacturing process.
  
• Source the materials that are suitable to the purpose at the best possible prices.
  
• Minimize inventory investment.
  
• Minimize inventory shrinkage and loses caused by theft, damaged and obsolete materials.
  
• Develop good vendor relationship.
  
• Develop reliable alternate source of supply.
  
• Develop personnel and execute policies and procedures that provide materials at the lowest possible prices.