Question

How has VF’s business strategy evolved and how did it impact the sourcing strategy?

Answer 1

Answer:

They have evolved using a new way of sourcing ‘’the third way’’ supply chain uses the traditional sourcing approach and the ‘’in-house manufacturing approach’’ as a halfway point, creating true partnerships between the suppliers and Vf.

Explanation:

With the in house approach they did impacted their sourcing strategy by reducing production lead times, from 50 or 30 days to 10 having total control of how the supply chain is being managed.  

Established in 1890 as the Reading Glove Mitten Manufacturing Company, Renamed 1910 When it expands into to silk lingerie Trough a contest, ‘Vanity Fair’ is selected as a brand name for the lingerie line, in 1950 Vanity fair Mills goes public, in 1980s Becomes one of the 2 largest jeans makers in the world, during the 2000s and trhoug all the time it acquires various brands.