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Introduction

Introduction to Apparel Costing

Costing Basics

The Role of Costing

The Costing Timeline

Costing Terms and Vocabulary

Traditional Apparel Costing

Introduction to Traditional Apparel Costing

First Cost

Markup

Global Production Sourcing and Costing

Introduction to Global Production Sourcing

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

The Factors of Costing

Introduction to Cost Factors

Direct versus Indirect Cost Factors

Fixed versus Variable Costs

Case Study: The Costs of Missing Fabric

Activity-Based and Product Development Costing

Activity-Based Costing

Product Development and Sampling

A comprehensive guide to the principles and practices of costing in the clothing industry, covering traditional and global production costing, factors influencing costs, activity-based costing, pricing strategies, and ways to cut costs, with a focus on sustainability.

Apparel Costing

The course on Apparel Costing is designed to provide a comprehensive understanding of the financial aspects involved in the apparel industry. As the fashion landscape continues to evolve, the importance of accurate costing becomes increasingly critical for businesses aiming to maintain competitiveness and profitability. This course will delve into the fundamental principles of apparel costing, exploring the various methodologies and practices that underpin effective cost management. Participants will gain insights into the role of costing within the broader context of apparel production, including the intricacies of the costing timeline and the essential vocabulary that defines the field.

In addition to foundational concepts, the curriculum will cover traditional apparel costing techniques, emphasizing the significance of first cost and markup strategies. The course will also address the complexities introduced by global production sourcing, examining how international factors influence overall costing. By understanding direct and indirect cost factors, as well as fixed and variable costs, participants will be equipped to analyze and optimize their costing strategies effectively. Through case studies and practical applications, this course aims to foster a deep understanding of the financial dynamics at play in the apparel industry, ultimately preparing participants to make informed decisions that enhance their organization's financial performance.