Andrea Kennedy, Andrea Reyes, Francesco Venezia

Apparel Costing (eBook, ePUB)

• Format: ePub

Produktbeschreibung

Newcomers to the fashion industry often base costings on the sum of a style's fabric, trims and labor-and to that they simply add their markup. However, every other activity of the business erodes that markup, and they find themselves with an unsustainable profit-or a loss. This guide will help you avoid these pitfalls to guarantee a sustainable profit.

Apparel Costing details traditional and current costing methods for the fast-paced and e-commerce-focused fashion marketplace. You will learn industry-specific product/style costing that can be applied to garments produced both locally and globally. You'll also learn how to calculate line item percentages on indirect cost factors, such as factory sourcing, overhead, administration and product development.

Key topics include: Target Market Pricing; Variable vs Fixed Costs; Direct vs Indirect Cost Factors; Cost-Based vs Value-Based Costing; Domestic vs International Production Costing; Effect of Sourcing on Costing; Sustainability in Costing; Fast Fashion vs. Slow Fashion

Produktdetails

• Verlag: Bloomsbury UK
• Seitenzahl: 160
• Erscheinungstermin: 25. Juni 2020
• Englisch
• ISBN-13: 9781350197008
• Artikelnr.: 59598703

Autorenporträt

Andrea Kennedy is founder of Fashiondex.com and an Assistant Professor of Fashion Merchandising at LIM College. As a designer, she has worked with many labels, including Bob Mackie, Sunny Leigh, Calvin Klein, and Ann Taylor.

Inhaltsangabe

Acknowledgments Preface Introduction 1. Costing Basics The Role of Costing
The Costing Timeline Costing Terms and Vocab Summary 2.Traditional Apparel
Costing Introduction First Cost Markup Summary 3. Global Production
Sourcing and Costing Introduction Effects of Global Production on Costing
International Costing Terms Direct Factory Sourcing Buying Office and
Sourcing Agent Fees Freight Forwarding Charges Customs Clearance Fees Duty
Summary 4. The Factors of Costing Introduction Direct versus Indirect Cost
Factors Fixed versus Variable Costs Case Study: The Costs of Missing Fabric
Summary 5. Activity-Based and Product Development Costing Activity-Based
Costing Product Development and Sampling Estimating Product Development
Costs Product Development Costs Summary 6. Target Market and Private-Label
Pricing Identifying Your Target Customer Types of Pricing Competitor
Research Target Market Costing Value-Based versus Cost-Based Pricing
Private-Label Pricing Private-Label Pricing Has a Competitive Advantage
Summary 7. Margins, Markups, and Markdowns Profit Margins Omni-Channel
Retailing Discounts Markdowns Chargebacks Markdowns, Discounts, and
Chargebacks on the Cost Sheet Recording Profitability Meeting the
Customer's Needs Winning the Profit Game Case Study: Using Existing Styles
for Off-Price Divisions Case Study: Amazon Case Study Summary 8. Ways to
Cut Costs It Starts with the Sample Watering Down the Line The Cost Is in
the Fabric Those Trims and Notions Add up Too Negotiations with Vendors
Negotiating and Reducing Costs to Achieve Profit Margin And What about
Indirect Cost-Cutting? Case Study: A. Bernadette Summary 9. Costing for
Today's Sustainably Minded Market Blockchain Technology Summary Glossary
References Companion Website Resources Sample Cost Sheets Index