YarnsandFibers provides their members with a vibrant
environment for Business
Development, using dynamic trading mechanisms (like RFQ, Online Negotiation,
Forward & Reverse Auction) that greatly improve the member's procurement
and sales processes, thereby bringing about significant Supply Chain efficiencies
along with Customer Relationship Management.
here to view the vision of YarnsandFibers
To add to this YarnsandFibers offers comprehensive and in-depth
market intelligence services, mentioned below, to give its members the
ultimate competitive edge.
The Textile Industry - A Perspective
global Textile Industry is valued at over USD 550 billion at the primarily
sale level. It is one of the single largest job creators. The industry
is fragmented in terms of geography and size. There has also been a traditional
divide between the various segments of the Industry.
The Industry is also very traditional and slow in nature. High level of
intermediation makes it an ideal candidate for a use of Information technologies.
In addition, with the globalization of trade and trade reforms, a common
platform catering to the need of the industry is of great use.
The YarnsandFibers Banyan Tree Theory
From the very basic need to earn a livelihood, supporting oneself and
family, to the present day planning of governments to run a successful
Economy, "Trade" has undergone several changes over the ages.
Trade in earlier times was for mere sustenance, which through competition
and profiteering defined economies within regions. And finally, in present
times, international politics and policies are formulated for trade amongst
regional groups and allies.
The Trade Chain therefore progressed from Sustenance à Profit à Competition
à Economy à International advantage.
Traditionally, members of a common region met regularly at a convenient
location to trade with each other. The Banyan Tree is an Asian symbol of
a market, a perfect place for buyers and sellers to meet & trade in the
shade. In those days trade consisted of an exchange of goods and barter
The progression to forming communities across villages and townships eventually led to the birth of marketplaces and trade centers. In first instance, it was meant to cross borders of regions and communities. Later on, marketplaces and trade centers began to specialize in specific goods, industries.
Formal Transaction Mechanisms were developed with methods of redress in case of Disputes and Settlements. Apart from the fact that people gathered in trading places and markets, it was prestigious to trade on those markets.
This Banyan Tree Theory is all about creating efficiency, across communities, regions and industries.
According to YarnsandFibers.com (YnFx), the Banyan Tree Theory is the foundation of Business Process Studies across the Information Technology space. It is the basis of bringing in efficiencies across industries by digitizing these conventional processes and reducing inefficiencies.