pg. 38
"7. “Supply chain/procurement” We want to have effective product management and procurement structures. The set of measures focuses on a reduction of the previously very large administrative structures in the foreign offices in Turkey and Asia, a noticeable consolidation of the supplier base as well as a standardisation of the use of raw materials (“Fabrics Libraries” – documentation of the generally used materials) and a reduction in lead times. While we have already taken the first steps towards consolidating our procurement structures and have been able to reduce our lead times, we will continue to further optimise processes and workflow structures until into 2021. The restructuring exercise also provides for a change from cut-make trim (CMT) arrangements to full package services (FPS) on a case-by-case basis. CMT will nevertheless remain a fundamental component of our purchasing strategy. The development of the patterns remains the core competency of all GERRY WEBER brands."