Introduction

Consumption and costing are integrated parts to each other of a garment. To get clear idea both on consumption and costing is really a superb mixture in one executive. In fact, it’s a core responsibility for a merchandiser to know how to calculate consumption of a garment as well as how to do costing of a knitwear product. Apart from Marketing Team, everybody especially the Merchandiser, Garment Owner, Director, COO/CEO, Accounts and Finance Team should know the fabric consumption and garment costing to run his/her business with right flow. The dept of MIS/Supply Chain/IE can do the costing practice to boost-up their career as well.

In a garment, fabric cost generally holds 50 to 60 percent of total cost. So, consumption should be always perfect to get the correct price of a garment. Honestly, high price always puts you in a tough situation which may lose your business end of the day! In this circumstances, most of the cases you can’t stand in the right queue even on buyer’s choice list! So, to get a sharp price or to be a competitive supplier you always should know how to calculate correct consumption and how to do correct costing of a garment. Competitive price and timely submission of correct sample are always play a handy role to confirm order from any customer.

Methodology

Interactive lecture, PowerPoint Presentation, Class Test/Costing Practice, Question and Answer Session

Contents of Trainings

• Idea of our Apparel Industry
• Role of a Marketing Manager
• Role of a RND Manager
• Role of a Merchandising Manager
• Classification of our Garment Sector
• Discussion about Buyer/Liaison Office/Buying Agent/Importer
• Discussion about Quotation Sheet/Tech-pack
• Common consumption formula of Knitwear Garment
• Details discussion reg the formula of consumption in CM
• Details discussion reg the formula of consumption in INCHES
• Various types of Knit Fabrics
• Discussion reg fabric Construction and Composition
• Yarn counts
• Selection of Yarn Counts based on Fabrications
• Calculation of Knitting/Dyeing Cost
• Embellishment Cost (WEP)
• Costing of Washing/Emb/Printing/AOP
• Calculation of Accessories Cost both Sewing and Finishing (Button/Sewing Thread/Poly/Elastic)
• CM calculation
• SMV/SAM/CPM
• Role of Worker’s Efficiency in CM Calculation
• Payment Terms (LC @ Sight/Deferred LC)
• Price Terms (FOB/CFR/CIF/DAP)
• Discussion reg Commercial Cost and Profit Margin
• Costing of a Knitwear Garment
• Negotiation Skill
• Consumption Practice
• Price Practice
• Recap of the whole session
• Question and Answer Session

Methodology

• PowerPoint Presentation, Interactive session with relevant videos and case studies and role plays

Boarding & Certification

• Course materials and food will be provided by Textile Today.
• Certificates will be awarded to participants at the end of training