Textiles
In today's textile sector, information technology (IT) plays a critical role. Men, Material, Machine, and Money are the four Ms in any manufacturing operation.
Managers must work on synchronizing all of these aspects and generating synergies between internal and external organizational processes in order to achieve organizational success. Companies are utilizing IT to improve their Supply Chain Management (SCM) and use it as a competitive advantage as a result of rising competition. To summarize, numerous textile companies are utilizing technological capability to add value to their operations.
B2B (Business to Business) and B2C (Business to Consumer) e-commerce are both possible (Business To Customer). B2C commerce refers to selling directly to customers through the internet. B2B marketplaces, on the other hand, can be defined as neutral Internet-based intermediaries that focus on certain business processes, host electronic markets, and employ various market-making methods to broker transactions between businesses. B2B appears to have a better future than B2C.
Sourcing, procuring, converting, and other logistical processes are all part of supply chain management. It aims to improve transaction speed by exchanging data in real time, minimize inventory, and enhance sales volume by more efficiently and effectively meeting client needs.