Select an apparel or fashion item and research the data needed to source it globally
Students will select an apparel or fashion item and research the data needed to source it globally. In completing this project, students will be able to apply the skills acquired in prior semesters, i.e., International Trade and Import / Export Regulations (HTSUS Classification and US duty rates), etc.
a) Find two (2) different factories in two different countries (USA not an option) where the item can be produced Note: this is a comparative analysis so the product has to be the same product from each factory
b) Explain in detail why these countries were selected, i.e., trade agreements, special duty preferences, etc.
c) Prepare a Full Value Costing Comparative Analysis (including Direct Costs, Indirect Cost/Risk and Macro Cost/Risk) for the item from both selected factories, including all necessary country specific details
d) Decide where the item should be sourced from and describe the management process (include a detailed planning calendar) for the product to reach retail shelves
e) Give and substantiate your recommended retail price and approximate date of availability
Objective
a) to be initiated in the basic process of sourcing in a global market
b) to learn essential skills in sourcing, such as evaluating areas of production, assessing associated risk, costing, and process management.
Requirement
Students will complete a 6-page typed paper and a PowerPoint presentation, and upload them to blackboard on the date specified in the class outline.
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