Our aim is to guide retailers and apparel buyers on how to determine the right price to pay for the apparel orders they place with manufacturers around the world.
It is often discussed and argued that machinists and other shop floor employees are exploited and underpaid by the buyers and retailers. Similarly, there are occasions where buyers pay too much for products due to lack of understanding on how the costing is done per se in a manufacturing environment.
Either scenario’s where paying too little or paying too much challenge the industry. Securing information of the current competitive market conditions and ensuring the right price is paid is vital to stay competitive.
Over the years’ industry tried solutions to root out costing related issues have gone in vain and the problem still persists.
Our aim is to provide a one-stop solution to learn about apparel costing, its components and how each component is calculated including the labour cost.