A Virtual University (VU) from the perspective of effective supply chain planning and control could be seen in terms of having maximum access and market intelligence to vendors and suppliers. The VU is perceived to be a global network where market information is shared along the internet expressway with businesses or users all over the globe. Thus, this VU creates a host of buyer-seller relationships which are nourished by business applications over a wide area. Thus, it is seen that this facilitates better business transactions with different online customers, and companies could thus affect economies of large scale by choosing the right quality, the right quantity, the right price, at the right time needed to do so. VU “provides the opportunity for demand data and supply capacity data to be visible to all companies within a manufacturing supply chain, consequently, companies can be in a position to anticipate demand fluctuations and respond accordingly.”
In the context of the garment manufacturing and trading business, it is necessary to interact with different vendors and suppliers from all over the globe in order to be able to get the best quality products at the most economical prices. For this, it is necessary for the company to utilise its own learning resources and “internalise” the structures, processes, experience and knowledge needed to run its own virtual university (VU).”
“Moreover, quality being the key factor in the garment business, it is necessary to always outsource products and services, especially in the case of Virtual University, where great choice and discretion needs to be exercised. We are the Exporter & Manufacturer of produces the Knitted Pullover, Cardigan for Ladieswear, Menswear, Childrenswear and Infants Wear since 1991 to European Market. We are specifying in all types of knitting; such as hand knit, machine knit, intarsia and jacquard from 3gg to 12gg.”