A supply chain is a network of people, processes, resources, and technologies in an organization that works collectively to produce products and services for an end-user, or customer. Supply chains have existed since people began trading goods and services. They have evolved from exchange trading on the Silk Trade road in the 1400s through supplying …
Apparel Merchandising The process of executing an apparel order from receiving to shipment through proper following-up all the in-between processes. Merchandiser in the apparel industry is the person who is involved in managing the buyers and their orders by taking care of the garment business in his/her concern. Merchandisers should take care of every single …
The activity of trying to sell goods or services by advertising them or displaying them attractively. or According to American Marketing Association, merchandising encompasses “planning involved in marketing the right merchandise or service at the right place, at the right time, in the right quantities, and at the right price.” or The planning and promotion …
Testing To evaluate how something works under certain established methods or test standards. Textile testing is to check its properties under certain conditions in a standard environment prescribed as per Test standards. Types of Testing? Destructive testing: The testing which breaks the test specimen and goes as waste after testing is called destructive testing. For example, …
A letter of credit (also known as documentary credit) is a document issued by a bank on behalf of an applicant (the buyer/customer) undertaking to make payment to a beneficiary (the seller/vendor) up to a stated amount of money, within a prescribed time limit and against stipulated documents. There are usually two banks involved in …