Comparisons of Financial Performance Measures of Global Sourcing and "Made-in-USA" Domestic Production Strategies

dc.contributor.author Yu, Ui-Jeen
dc.contributor.author Kim, Jihyun
dc.date 2018-10-19T02:28:23.000
dc.date.accessioned 2020-06-30T05:40:00Z
dc.date.available 2020-06-30T05:40:00Z
dc.date.issued 2017-01-01
dc.description.abstract <p>Globally sourcing basic goods generally increases the firm's profits, while that for fashion/seasonal products tends to result in lost sales due to stockouts or high rates of markdowns on unsold inventories. Domestic production under the supply chain management system could be effective in response to customers' demands more promptly and frequently. This study examined differences in financial productivity of global versus domestic sourcing scenarios for fashion/seasonal products, considering merchandise plan errors due to market uncertainty. Sourcing Simulator, merchandise planning simulation software, is used to create a series of merchandise planning simulations for global and domestic sourcing scenarios. A total of 530 simulations with merchandising performance measures were analyzed. The findings from this study provide an insight about financial performance measures regarding global and domestic sourcing scenarios under demand uncertainty.</p>
dc.identifier archive/lib.dr.iastate.edu/itaa_proceedings/2017/posters/63/
dc.identifier.articleid 2002
dc.identifier.contextkey 11601766
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath itaa_proceedings/2017/posters/63
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/51728
dc.relation.ispartofseries International Textile and Apparel Association (ITAA) Annual Conference Proceedings
dc.source.bitstream archive/lib.dr.iastate.edu/itaa_proceedings/2017/posters/63/MMGT_Yu_Made_20in_20USA.pdf|||Sat Jan 15 01:20:20 UTC 2022
dc.subject.disciplines Fashion Business
dc.subject.disciplines Fashion Design
dc.subject.disciplines Fiber, Textile, and Weaving Arts
dc.title Comparisons of Financial Performance Measures of Global Sourcing and "Made-in-USA" Domestic Production Strategies
dc.type event
dc.type.genre event
dspace.entity.type Publication
relation.isSeriesOfPublication 5d0f3f8c-2190-47b2-bb58-b59e2d1740d5
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