correct answers graded A+
Factoring - ANS ✔✔The business of purchasing and collecting accounts receivable or of
advancing cash on the basis of accounts receivable (a line of credit)
Factoring Agencies - ANS ✔✔The companies that provide protection against bad debt losses,
manage accounts receivable, and provide credit analysis in the apparel industry.
Procedures include: running a credit check, approving a credit line to the company, approving
the orders for shipping to the company, receiving the invoices from the company's suppliers,
and advancing the cash needed to pay the invoices to the company
Product Data Management - ANS ✔✔Product Data Management software provides seamless
integration among all of these segments of a new style's development process.
Design can be integrated on a garment specification sheet (change in zipper length on spec
sheet triggers a change on the bill of materials, the form used to order the zippers)
Cut Order - ANS ✔✔Used in two situations:
1. When a targeted number of orders for a style has been placed by retailers and received by
the manufacturer
2. When the apparel manufacturer decides to produce a style prior to receiving orders
A cut order specifies the number of items in each size that will be included in the production
run.
Selection of Vendors - ANS ✔✔Variables that influence the selection of vendors:
-Lead time needed to secure the goods
Past history of on-time delivery
, The quality of goods
- Whether the vendor uses supply chain management strategies
The minimum yardage or quantity required for an order the financial stability of the vendor
Lab Dip - ANS ✔✔-To ensure that color matching will be as perfect as possible the vendor will
supply a sample of the product (such as fabric, trim, rib knit trim, or buttons) in the color
requested.
-The sample the vendor supplies to the apparel company is called a lap dip
-Called this bc the fabric swatch was dipped in a specifically prepared dye bath in the "lab" to
dye the sample.
-Vendors must submit lab dips (called submits) for all the individual components required in a
line.
-Takes four to six weeks to complete two rounds of lab dip evaluations and requires two to four
rounds to achieve approval.
Registration - ANS ✔✔The accuracy of placement of each of the color screens is checked.
If something is considered to have poor registration, the two colors were not properly aligned
Strike Off - ANS ✔✔-Strike off is a fabric sample that is printed by the textile converter- the
company printing the fabric
-Consists of no more than a few yards of fabric. Shows the rendition of the textile print made
from the artwork submitted to the textile converter by the apparel company.
Grading - ANS ✔✔-Each individual piece of the pattern in the sample size is remade in each of
the sizes specified
Grading Rules - ANS ✔✔-The amounts and locations of growth/ reduction
-The combination of a specific length and width that the pattern pieces need to increase or
decrease at a specified point on the pattern