North Face 2005 Annual Report Download - page 18

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VF’s global supply chain
operation is contributing
to our overall strategy by
achieving cost savings that
will help “fuel the growth.”
We’re striving to create an
unrivaled and sustainable
competitive advantage
by having the fastest and
most flexible operations
in the industry.
George Derhofer
Senior Vice President,
Global Operations
VF Corporation 2005 Annual Report
32 33
Why did VF restructure
its supply chain
organization in 2005?
Tobetter leverage best
practices across our
coalitions in such areas
as inventory management,
distribution, procurement
and technology systems.
3Year
Operating Margin
(Percent)
05
04
03
12.7 12.7
12.3