1. Which of the following is an accurate description of the Third Way? a. Most suppliers in...
Question:
1. Which of the following is an accurate description of the "Third Way"?
a. Most suppliers in the garment industry welcomed the possibility to work closely with VF through the "Third Way."
b. VF and the "Third Way" suppliers would jointly develop production schedules.
c. VF owns the factory and the equipment as well as being responsible for managing the workforce.
d. VF Brands sourced almost all of their jeans from independent suppliers.
2. Describe one of the concerns voiced by some within VF about the adoption of the "Third Way." How would you respond to such a concern?
3. Why does VF have so much in-house manufacturing of jeans close to the U.S.? Is the "Third Way" sourcing strategy consistent with this approach?
4. What is the main benefit that comes from the "Third Way" (as opposed to outsourcing, which is the norm in this industry)? Cost or responsiveness? Provide evidence