Need Of Information Technology For The Textile Industry
Textile Industries all over the world are taking the support of Information technology to ensure smooth production operations. The IT department in a Textile house helps in managing the supply chain. This tech savvy department provides the much needed edge to an organization [...]
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B2B Portals: Why Necessity for All Traders
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Posted in Online Business, B2b Marketing, Business Website, Business Plans, Market Research, Online Marketing, Advertising Tips, Business Tips
Tagged B2B Portals, Business Growth, Direct Exporting, Globalization, International Trade, Marketing Tips, Online Business, Textile Industry
Textile Industries all over the world are taking the support of Information technology to ensure smooth production operations. The IT department in a Textile house helps in managing the supply chain. This tech savvy department provides the much needed edge to an organization.
Information Technology: A boon for Textile Industry
Though it is assumed that Textile industry does not have any direct need for having a fully equipped Information Technology department yet almost all textile manufacturing/processing companies have an IT department because:
- It speeds up the process of analyzing the Demand and Supply
- It helps in designing and developing samples
- It facilitates the process of manufacturing and dispatching
- It helps in human resource management
The textile houses that have the facility of Computer Aided Designing and Computer Aided Manufacturing are more reliable internationally. The IT department helps a company to get ahead of the competition by enabling it to analyze the changing trends of the market. Moreover, the I.T. department enables to manage information conveniently. With the help software like MRP, MRP-II, APSS, etc., it supports the planning and execution of operations by effectively coordinating between various departments.
IT Facilitates E-commerce And E-retailing
With E- commerce, textile houses execute their business expansion plans and with E- retailing they provide an online platform to the buyers to order the products of their choice online. Both positively impact the growth of the company. IT department facilitates this interaction of the company with the Industry Peers as well as end users.
The entire manufacturing setup functions with the help of Information Technology. From identifying the most reliable vendors to procuring fine raw material to the stage of production and final packaging, IT department does the needful. Therefore, the need of Information Technology in Textile Industry is unquestionable in the present era.
The advent of the World Wide Web has revolutionized the arena of trade and commerce. Today the internet has evolved as an extensive marketplace, with business transactions taking place in the virtually in a much quicker manner. Moreover, this transformation is not only observed in the Business-to-Consumer arena but has also overtaken the Business-to-Business or B2B sector.
The Textile industry like another industry has ventured into online B2B marketing in a big away and has easily adapted to this phenomenon. The online B2B arena is characterized by various portals and websites, which act as a single platform for buyers and sellers. Keeping in with this trend, the Textile industry can take advantage of this virtual marketplace, which provides them with golden opportunities for generating business. The major benefit of these online B2B marketplaces is that they diminish the constraints of time and space. The target audience is just not limited to a single market or one state or one country but has the world at large within its grasp.
There exist numerous textile B2B portals, which assists the buyers and sellers to make business transactions in bulk quantities with the minimum of effort and fuss.
Business-to-Business (B2B) marketing makes scope for facilitating and accommodating new business relationships between various global Textile companies.
Major Advantages of Online B2B Marketplace
- Cost-effective operation with negligible cost on printing, distribution, and postage since all promotions are done online.
- No travelling is required.
- Provides an interactive database of importers and exporters with whom you can communicate.
- Common platform to share industrial information and experiences.
- Connect markets that are physically separated by geographical borders.
- Every business, regardless of size can attempt to succeed.
Thus, this concept of virtual B2B can be of great assistance to the Textile industry to make it prosper and develop further. This is a new world where every entity is easily accessible and this is resulting in the free flow of trade and commerce.