GLOSSARY
1. Supply Chain: The network between a company and its suppliers to produce and
distribute a specific product to the final buyer.
2. Fast Fashion: A business model based on replicating recent catwalk trends and
high-fashion designs quickly and cheaply, bringing them to mass-market retailers.
3. Sustainable Fashion: A movement and process of fostering change to fashion
products and the fashion system towards greater ecological integrity and social
justice.
4. Textile Sourcing: The process of identifying, evaluating, and engaging suppliers of
raw materials, fabrics, and other components needed for textile production.
5. Quality Control: The process of ensuring that products meet certain standards of
excellence. In the textile industry, this includes fabric quality, stitching, and
finishing.
6. Inventory Management: The process of ordering, storing, using, and selling a
company's inventory. This includes raw materials, work-in-progress, and finished
goods.
7. Manufacturing Process: The steps involved in converting raw materials into
finished textile products, including spinning, weaving or knitting, dyeing, and
finishing.
8. Wholesale: The sale of goods in large quantities to retailers, who then sell to
consumers.
9. Retail: The sale of goods directly to consumers.
10. Market Trend: The general direction in which the market is moving over a period
of time, indicating changes in consumer preferences and demands for textile
products.