Garment costing
Abstract
The volatile nature and rigorous competition in the garment industry drive all the companies to minimise their cost by controlling inventory, accurate forecasting and low mark-downs. The purpose of this chapter is to describe the concept of cost in the garment industry. The chapter discusses the elements of garment costing and the factors that influence the price of the garments. A clear understanding of the cost components and their percentage distribution at each stage of the garment supply chain is necessary. Since profitability is a main factor on which companies build their future, this ...
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