Fashion Industry Terminology and Concepts, Quizzes of Production and Operations Management

Download Fashion Industry Terminology and Concepts and more Quizzes Production and Operations Management in PDF only on Docsity! TERM 1 two types of costing DEFINITION 1 pre costing and final costing TERM 2 pre costing DEFINITION 2 initial costdirect costs=materials, labor, other TERM 3 final costing DEFINITION 3 manufacturer's cost (total and real)direct costs=materials, labor, otherindirect costs=design, merchandising, salaries, administration, rent, etc. TERM 4 market DEFINITION 4 physical place where the buyer and seller come together to do business-purchase or sell goods TERM 5 types of markets DEFINITION 5 marts, trade shows, showroomsForeign and domesticmarket weeks/calendars TERM 6 RTW (months) DEFINITION 6 january- summermarch- fall Imay- fall II / holidayaugust- holiday / resortoctober- spring TERM 7 foreign market DEFINITION 7 buyers constantly seeking creative and innovative fashion merchandisebuyers seeking new resourcesbuyers travel to these markets to observe new trends, buy samples to copy, or to purchase this merchandise TERM 8 paris DEFINITION 8 center of haute couture since 1858 TERM 9 Milan, Italy DEFINITION 9 leading center for men's and women's clothing TERM 10 London DEFINITION 10 Saville Row for men's wear60's known for Mini's and Punk80's/90's- being revived by designers TERM 21 basic market calendar DEFINITION 21 january-summermarch/april- early fallmay/june- late fallaugust/sept- resortoct/nov- spring TERM 22 five major markets DEFINITION 22 new yorkdallasLAchicagoatlanta TERM 23 dallas DEFINITION 23 largest wholesale market weeks TERM 24 LA DEFINITION 24 open all year longsan fran= third major center TERM 25 vice president of wholesale sales DEFINITION 25 develops the strategies, leads staffs, controls budgets and has overall sales responsibilities TERM 26 national sales manager DEFINITION 26 manages sales, orders, distribution for a family of business TERM 27 manager of international logistics DEFINITION 27 responsible for foreign accounts, responsible for trade issues TERM 28 account executive DEFINITION 28 sources and meets with accounts TERM 29 executive sales assistant DEFINITION 29 schedules appointments, bookings, responsible for line additions and cancellations TERM 30 2 major types of vendor selling staff REPS DEFINITION 30 corporate/company- on their payrollindependent- paid on a commission basis TERM 31 marketing/promotion/publicity DEFINITION 31 promotes business and develops advertising/promotional materials TERM 32 merchandising DEFINITION 32 analyze records, visit stores and merchandise, analyze assortments, markdowns, presentation, and visualworks closely with store management TERM 33 wholesale visual manager DEFINITION 33 maintains brand image in stores and at showscreates directives for store merchandisingdistributes visual collateral to store merchandising teams TERM 34 sotred retailers DEFINITION 34 "bricks and mortar"traditional store front TERM 35 non stored retailers DEFINITION 35 catalogs, on-line, TV, etc TERM 46 General merchandise manager DEFINITION 46 provide leadership/direction to buyers TERM 47 divisional merchandise manager DEFINITION 47 develop and lead buying divisiondevelop and manage strategies for divisionassist buyers in market TERM 48 manufacturing merchandiser DEFINITION 48 the individual responsible for planning and overseeing to ensure a company's merchandise needs are met TERM 49 retail merchandiser DEFINITION 49 the individual responsible for buying and/or merchandising a retail site, such as a department TERM 50 visual merchandising DEFINITION 50 describe everything that is seen at a store or sitea part of PROMOTION that works closely with the merchandise buying staff TERM 51 industry support services DEFINITION 51 buying officessourcing agentsforecasting companies TERM 52 visual merchandising DEFINITION 52 show and sellcommunicates an imagecarries out a design concept, plans by atmosphere TERM 53 4 functions of display and promotion DEFINITION 53 attract the customerinspire the customerpersuade the customerconvince the customer TERM 54 image DEFINITION 54 facilities and atmosphere contribute to imagethe companys personality TERM 55 atmosphere DEFINITION 55 the emotional affects of the enviornment TERM 56 vendor policies DEFINITION 56 distributionservicesperformance TERM 57 support services DEFINITION 57 people or organizations that work with one or more of the major divisions of the fashion industry from a business perspective TERM 58 service and research resources DEFINITION 58 fiberfabricmanufacturingretailing TERM 59 RBO DEFINITION 59 resident buying officies TERM 60 2 major types of offices DEFINITION 60 independentstore/corporate owned