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Apparelmanufacturing Capital Investment Adviser

Apparelmanufacturing Capital Investment Adviser Apparel firms have been discouraged from investing in advanced manufacturing technology because it is difficult to justify. To help to resolve this problem, members of the Clemson Apparel Research group have designed a personal computerbased system specifically to provide decision support to apparel firms which are considering the acquisition of new equipment. Describes the Apparel Manufacturing Capital Investment Adviser AMCIA system which includes worksheets which help to quantify cash flows typically associated with apparelmanufacturing technology. In addition to traditional cash flows those which are normally considered, the system accounts for two nontraditional cash flows which are often overlooked in justifications quality revenues and responsetime revenues. Results in a summary sheet which provides decision criteria for the overall investment net present value NPV, payback, and return on investment ROI. Reports a field study involving justification of unit production systems, which showed that the AMCIA system was well suited to analysing such an investment. Representatives of the two participating apparel companies each reviewed the AMCIA justification prepared for their firm and were favourably impressed by it. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Clothing Science and Technology Emerald Publishing

Apparelmanufacturing Capital Investment Adviser

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0955-6222
DOI
10.1108/eb002997
Publisher site
See Article on Publisher Site

Abstract

Apparel firms have been discouraged from investing in advanced manufacturing technology because it is difficult to justify. To help to resolve this problem, members of the Clemson Apparel Research group have designed a personal computerbased system specifically to provide decision support to apparel firms which are considering the acquisition of new equipment. Describes the Apparel Manufacturing Capital Investment Adviser AMCIA system which includes worksheets which help to quantify cash flows typically associated with apparelmanufacturing technology. In addition to traditional cash flows those which are normally considered, the system accounts for two nontraditional cash flows which are often overlooked in justifications quality revenues and responsetime revenues. Results in a summary sheet which provides decision criteria for the overall investment net present value NPV, payback, and return on investment ROI. Reports a field study involving justification of unit production systems, which showed that the AMCIA system was well suited to analysing such an investment. Representatives of the two participating apparel companies each reviewed the AMCIA justification prepared for their firm and were favourably impressed by it.

Journal

International Journal of Clothing Science and TechnologyEmerald Publishing

Published: Feb 1, 1992

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