| A | B |
|---|
| information systems | Groups of computer components that work together by combining collection, classification, storage, retrieval, and dissemination of data toward a certain outcome |
| bar codes | Product codes with dark bars and white spaces of varying widths, used on merchandise tags for electronic data collection. |
| market segmentation | Dividing the total market into smaller groups that contain similar characteristics |
| psychographics | Statistics that try to explain consumer behavior through such variables as lifestyle, values, attitudes, and self-concept. |
| outsourcing | The hiring of independent specialists to do particular work rather than using company employees |
| Quick Response | An industry-wide program that ties together the entire textile/apparel pipeline using bar code data, EDI technology, and long-term customer-supplier partnerships. |
| open systems | Computer components from different suppliers that are compatible with one another to be mixed and matched. |
| electronic data interchange (EDI) | The exchange of information and transactions through computer linkages between companies, using an understood digital format. |
| product development | The process of carrying a product idea through stages from initial conceptualization to actual appearance in the market. |
| demographics | Vital statistics of human populations, broken down by such factors as age, gender, race, education, religion, income, and occupation |
| market share | The company with the largest of this, usually has the lowest per-item costs |
| Proprietary | this is information owned by the company and is NOT available to the public |
| UPC-A | includes numbers as well as bars and spaces. |
| Product code scanning | because the products are actually "read" with a wand, has diminished the number of errors of previous incorrect human data entry |
| computer identification technology | A disadvantage of this is purchase and installation expenses, training of employees, and “data explosions.” |
| Target marketing | defining the specialized niche of the market to whom the company wishes to make its greatest appeal |
| consumer market | Today's is aging, but remaining more active and living to an older age |
| Market research | process of systematically gathering and analyzing information relating to particular markets |
| Qualitative information | what products the customers want |
| Findings | from market research are used to correct current market problems and capture new market opportunities |
| Product development | designing and producing garments that are predicted to be in demand when they “hit the stores” |
| Product codes | If companies use these, they should be verified to meet industry “compliance” issues so the bar codes are acceptable to other companies as the goods move through the soft goods chain |
| Magnetic stripes | are along the back edge of credit cards to be run through reading devices |
| Social responsibility | going beyond what is legal, to do what helps society |
| [TC]2 | is a not-for-profit industry-wide organization is a coalition of textile, apparel, and retail firms, government, academia, and labor/trade organizations operates an apparel and related sewn-products production facility in Cary, NC |
| EDI technology | almost eliminates paperwork and postage costs, plus usually increases sales |
| Ethics | moral principles rules of conduct that distinguish right from wrong demonstrated with trustworthiness, fairness, honesty, and respectful manners |
| Synergy | cooperative interaction of parts resulting in a total effect that is greater than the sum of the parts added together separately |
| Virtual reality (VR) | is a computer generated interactive “experience” that stimulates the user’s senses to create a perception of being in another environment |
| Collaboration | is working together in an endeavor, cooperating to assist each other includes joint planning for the entire supply chain, eliminating duplicated processes enables risks to be shared |
