Table of Content
1.0 Data analysis.
1.1 Successful and failed products based on the season.
1.2 Successful and failed products based on the collection and categories.
2.0 Porter’s values chain model for KTFG business.
4.0 Introduction to the problem area or issue.
5.0 Rich picture.
6.0 Analysis and proposal
6.1 Analysis and comparison.
6.2.1 Estimated Budget
6.2.2 The ways of integration of the technologies KM practices to improve the collaboration with various stakeholders.
6.2.3 Work breakdown structure.
6.2.4 Project Schedule.
6.2.5 Challenges and limitations of the proposal
7.0 PowerPoint Presentation Slides.
The aim of this paper is to discuss the number of issues faced by the company Knight Templar Fashion Group Ltd. and the use of technologies to solve those issues. In the process of providing solutions to those problems, this paper firstly conducts an analysis of KTFG to provide recommendations for the improvement of their competitiveness.
Secondly, this paper implies Porter’s value chain model to figure out the weaknesses and solutions of them. Thirdly, this paper draws a specific problem of KTFG and gives a rich picture of the problem. Finally, this paper analyses a similar case study and gives a project proposal to improve its current issues.
KTFG is a small private business of seasonal clothing. Their clothing collection style is based on mainly two seasons, spring or summer and autumn or winter. They have three main categories, casual, going out and workwear. There are nine collections under their three categories.
They are Asian Influences, Everyday Essentials, Holiday gear, Women in Business, Work Tailoring, Denim classics; Party occasions, Weddings, Classic business and Laidback Formal. Data analysis of the most successful products and relatively failed products based on the season, collection and categories are given below.
1.1 Successful and failed products based on the season
According to the KTFG case study, the order values of winter/autumn collections were £ 4915422 and spring/summer collection’s order values were £ 9133985. This means, spring/summer collections sold more than autumn/winter collections.
Our Recommended Resources:
1.2 Successful and failed products based on the collection and categories
The above chart shows ACWT, ACEE, AGPO, and AWLF product categories were successful with higher-order values, whereas ACWB, AGDC, and AGWD product categories were moderately sold. However, ACAI, ACHF, and AWCB product categories show very poor order values.
In the case of Winter/autumn collection, the works wear category and a classic business collection were the most successful and profitable products. Again, under the casual category Asian influence collections were relatively the least profitable product.
The above chart shows that SCEE, SCWT, SGWD and SWLF categories in the spring/summer season sold higher than other categories, whereas SWCB, SCHG, and SCAI categories sold least in these seasons.
2.0 Porter’s values chain model for KTFG business
In 1985, Michael Porter in his book, Competitive Advantage, introduces the theory of Porter’s value chain model. The value chain can be defined as the organization’s actions that are done for creating value for their customers. Through Porter’s value chain model, a company can administer their internal and external activities. This model also helps to identify the communication level of the organization (Mind Tool, 2017)…………….