SUPPLY CHAIN
F A C T S
• The global eyewear market is set to exceed $ 165bn by 2026
• Safilo Group is the second largest eyewear company in the world .
• Safilo houses a number of its factories in Italy , whilst its sourcing activities are mainly undertaken in China and Japan
• Strategically working with suppliers and gain a greater understanding of costings , the bill of materials and overhead percentages , its sourcing house illustrates how a healthy manufacturing company should operate
• The sourcing house is routinely encouraged to embrace new ways of working , particularly in areas such as how to assign new styles to suppliers and balance capacity
• 99 % of all frames worldwide are produced in Italy , China and wider Asia
• Focusing on three main engines : product development , the purchase to pay process and supplier and relationship management , Safilo collaborates with suppliers across the whole manufacturing process
• Safilo works with suppliers to create a yearly joint business plan ( JBP ), undertaking quarterly reviews , as well as visiting suppliers at their own locations
• Soon to renew its 2020 vision following on from the appointment of its new CEO this year , Safilo will aim to further transform the business by looking for new opportunities
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