Print-to-stock model

Located in New York City, the Museum of Financial History (http //www.financialhistory.org) is an affiliate of the Smithsonian and owns more than 10,000 financial documents, including stock and bond certificates, claiming to be the largest in the world. Some museums have e-commerce offerings or online stores on their web sites, where you can buy prints, replicas, or models of artwork or artifacts,- the Museum of Financial F4istory does not yet have this function available on their site. 

Guess how many different models of an automotive brand are introduced per year Will that be a couple of two- and four-door sedan models, a few cross-over models, a few SUV models, a few convertible models, and a couple of sports models with a few colors Now compare this with an apparel brand, which produces many product lines each with many styles in multiple colors/prints, in multiple sizes, for a number of seasons per year. In most situations the brand may also have different product lines for different markets with different price points. The number of stock-keeping units (SKUs) produced by an apparel brand per year cannot be meaningfiiUy compared to the SKUs developed by an automotive brand. Now if you think of the product-development (PD) efforts for these two industries, it is quite clear that the PD for an apparel brand is quite complex. The PD gets further complicated with the time pressure to meet market demand for fashion items. Therefore, it is important and beneficial to understand the apparel PD process for anyone interested in careers in the apparel industry. 

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