Garment Manufacture Essay Example | Topics and Well Written Essays - 1000 words

Garment Manufacture - Essay Example Although tariffs will still be in place, the liberalisation of the T&C sector by means of quota abolition is a decisive step towards free trade. But just what does the liberalisation of T&C sector mean to the market and its players (David Birnbaum, 2005) This is where the role of the buyer becomes immensely vital. Manufacturers will need to source raw materials that meet their quality standards and at the same time keep track of competitive prices to keep their brand alive and kicking. Buyers are trained professionals whose hand first-hand information on market trends and vendors. It is in their hands the future of a garment manufacture lie. Garments are an essential part of man's existence. During the age of cavemen, men and women wore the skin of the killed animals to protect them from cold. Gradually, this changed and they began to use plant leaves, and other materials to cover their torso. Though the purpose remains the same, men and women now wear dresses made out of wool, cotton, nylon, synthetic, rayon and silk. Style became a part of society and designers began to showcase their talent through designer wear. Fashion became more pronounced around the 1950s and has since, shown an upward trend. The names of Jean Paul Gaultier, Carolina Herrera, Felipe Oliveira Baptista, Carmen Marc Valvo, Christian Dior, Karl Lagerfeld, and Elie Saab, to name a few, are breakfast names. So what makes them different from others Design and texture, of course! Garments that are worn by people like you and me are in most cases, imitations of what is shown on the ramp. Designer wear are exclusive and cost a fortune. However, garment ma nufacturers the world over, design dresses that are look-alike to their more illustrious cousins on FTV. 3.0 Market Trend For any garment business to succeed or sustain their presence in this highly competitive field, the manufacturer needs to obtain raw materials and at competitive prices. If there is one area of concern, the manufacturer will suffer great lose. Raw materials are an essential aspect of production. If supplies remain unpredictable or truncated, production will seize and the business, doomed. Similarly, if prices escalate and demands grow, there must be a stand-by to cover this. Prices fluctuate periodically and this can affect supplies and pricing. This has to be a very important part of planning. No manufacturer can work on a day-today basis. Orders that are placed over a long period of time need to be executed and at contracted prices. This is when the service of the buyer (sourcing) remains critical. It is never easy for one to identify and maintain continuity with just one supplier. There must be at least a few more alternatives to meet contingency. An important aspect in managing contemporary fashion business is supply chain management. Once an order is placed, the manufactured product needs to reach the designated store or consumer. Retail environment constantly undergoes changes, and unless the product reaches the wholesaler or retailer on time, it could have severe economic and consumer pressure. Market

How to Make 1000 pounds a profitable Investment in UK Stock Market Essay

How to Make 1000 pounds a profitable Investment in UK Stock Market - Essay Example b. Acting on rumours knowing that it is in fact a rumour. c. Buying Dividends for long-term investment in stock market. It is a stable and less risky way of earning profit. d. Opening an account with a broker. e. Investing in Penny stock to earn profit. Method 1 Basic Plan: The first method is to look for companies that have undervalued ratings. This method does have it perks considering that undervalued firms have a lot of value, of which general public is unaware, due to rating agencies (Graham, 1985). Now the first scenario is an investor having ?1000 and he or she has to make money through investing it in stocks looking for undervalued companies. The first reasonable thing that the investor should do is to look into companies, which have the least value on the FTSE index. For example, the investor comes up with four companies, whose stock value is ?2, ?3, ?3.50 and 3.75. Initially, I will analyse why that particular company is undervalued, does that company have large debts that it needs to pay, or the company has a record of bad investments or if the company was indicted in law-suits involving fraud etc. If the company has large debts, the investor shall see the prospects of that company paying off the debt while pragmatically and logically calculating, the duration in which the company will be able to pay its debt. If the investor wants to earn the money quickly i.e., in a week and he or she is able to find a company that can pay off its debt in two weeks, it would be best to buy stock of that company. And if the prospects of paying debt are low, the investor shall not invest in that company because of the obvious downfall state of the company. One thing that shall be kept in mind that, one must not sell all the shares if there is a slight rise in stocks because of the thought about, being on the safe side. One must project a slight confidence by observing the attitude of the market towards that company if that attitude is confident towards it then thereà ¢â‚¬â„¢s no need to sell the price and if the attitude contains lack of confidence, then one must sell shares at the price offered as earliest as possible, if one wants to liquidize stocks instantaneously. Another way is to invest it, in two or more companies at a time. The approach shall be the same as above and the reason to invest in two or more companies at a time; is unreliability in any one company. It’s just an alternative because companies are being kept undervalued for specific reasons. Sometimes the reason is right and justified in view of the person who wants to invest, but not always. This is a good way to earn money, but the chances of earning money quickly are very bleak. Drawbacks: The biggest risk involved in this kind of investment is, in case undervalued company gets further devalued because in such cases the value of stocks further decrease, resulting in loss for the shareholders. Another drawback of this plan is lack of experience of the investor who is in vesting the amount of ?1000, which is a high value. It is very important that a person should be an experienced investor person while investing because then there might be rational discussion taking place instead of decisions made on gut feeling. Another risk here is of fraud and being conned, which is very common for new investors. A new investor might get caught because of his or her