In the right hand side part of the figure the final two steps describes the value proposition and value chain for the customers which decide how to create the value for the consumer. Differentiation involves how to differentiate the customer segment for superior value proposition so that firm can make appropriate offers. According to the offering to the market firm make arrangement of market segmentation that is clear, distinctive and also desirable place to compete products in the minds of targeting customers.
What resources need to be managed effectively and efficiently?
For this kind of business it is required to manage the different parts of the system for make the things better. Some of them are as follows.
- Customer Relationship
This is the primary requirement for any kind of firm in textile business. Customers are the prominent member of the firm. If the relationship between customers and firm is not good then it will cause a problem for the firm. Product and services should be according to the customer requirement.
- Quality of Textiles
The textile products or services should be of good quality while delivering to the customers. This is highly recommended to ensure the quality perspectives of any products or services.
- Supply chain
Effective supply chain process is the master key for success for any business. The convenient way of supplying the products or providing the services to the customers distinct the form from it’s competitive.For apparel business products it is highly necessary to reach out to the customers by retail services at different places in different countries.
- Value chain
Value chain is a high-level model of how businesses receive raw materials as input, add value to the raw materials through various processes, and sell finished products to customers. The value chain categorizes the generic value-adding activities of an organization.