SUPPLY CHAIN RESPONSIVENESS KEY TO BHS TURNAROUND
When Philip Green unveiled the success behind the Bhs turnaround in a recent Financial Times article, it became official: the primary driver was not – as one might expect from a High Street fashion retailer – a new store concept, aggressive marketing or flashy new designers, but a radically improved supply chain. With inherited stock of nearly £200m and a further £300m on order it was necessary to get rid of poor product first and then move on to dramatically quicken the supply chain to meet the increasingly volatile and unpredictable buying habits of todays customers.