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Apparel Costing de Andrea Kennedy

Apparel Costing

Autor Andrea Kennedy, Andrea Reyes, Francesco Venezia
en Limba Engleză Paperback – 22 iul 2020
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
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Specificații

ISBN-13: 9781350065406
ISBN-10: 1350065404
Pagini: 160
Ilustrații: 80 bw illus
Dimensiuni: 189 x 246 x 16 mm
Greutate: 0.45 kg
Editura: Bloomsbury Publishing
Colecția Bloomsbury Visual Arts
Locul publicării:London, United Kingdom

Caracteristici

Case studies from existing wholesalers provide real-world examples of common pitfalls and how to avoid them.

Notă biografică

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.Andrea Reyes is an Adjunct Professor at LIM College, The Fashion Institute of Technology, Baruch College, USA. She is also the Chair of the NYC Fair Trade Coalition a network of ethical business owners and advocates as well as co-founder of A. Bernadette, a sustainable lifestyle brand which hosts educational sustainable travel retreats.Francesco Venezia is an Adjunct Professor at The Fashion Institute of Technology, Baruch College of Continuing and Professional Studies and LIM College in New York City. He has worked in the fashion industry merchandising at Ralph Lauren, Calvin Klein Underwear and Luxottica Eyewear. Francesco is also the founder of his own jewelry brand, VITA E LIBERTA.

Cuprins

AcknowledgmentsPrefaceIntroduction1. Costing BasicsThe Role of CostingThe Costing TimelineCosting Terms and VocabSummary2.Traditional Apparel CostingIntroductionFirst CostMarkupSummary3. Global Production Sourcing and CostingIntroductionEffects of Global Production on CostingInternational Costing TermsDirect Factory Sourcing Buying Office and Sourcing Agent FeesFreight Forwarding ChargesCustoms Clearance FeesDutySummary4. The Factors of CostingIntroductionDirect versus Indirect Cost FactorsFixed versus Variable CostsCase Study: The Costs of Missing FabricSummary5. Activity-Based and Product Development CostingActivity-Based CostingProduct Development and SamplingEstimating Product Development CostsProduct Development CostsSummary6. Target Market and Private-Label PricingIdentifying Your Target CustomerTypes of PricingCompetitor ResearchTarget Market CostingValue-Based versus Cost-Based PricingPrivate-Label PricingPrivate-Label Pricing Has a Competitive AdvantageSummary7. Margins, Markups, and MarkdownsProfit MarginsOmni-Channel RetailingDiscountsMarkdownsChargebacksMarkdowns, Discounts, and Chargebacks on the Cost SheetRecording ProfitabilityMeeting the Customer's NeedsWinning the Profit GameCase Study: Using Existing Styles for Off-Price DivisionsCase Study: Amazon Case StudySummary8. Ways to Cut CostsIt Starts with the SampleWatering Down the LineThe Cost Is in the FabricThose Trims and Notions Add up TooNegotiations with VendorsNegotiating and Reducing Costs to Achieve Profit MarginAnd What about Indirect Cost-Cutting?Case Study: A. BernadetteSummary9. Costing for Today's Sustainably Minded MarketBlockchain TechnologySummaryGlossaryReferencesCompanion Website ResourcesSample Cost SheetsIndex

Recenzii

An essential tool for understanding the intricate methods of costing products, going deeper into key topics such as factory sewing costs with comprehensive SAMs descriptions, markup formulas and costing stages in a multi-channel retail environment. An accessible and concise guide that fuses theoretical concepts with industry application.
An excellent assortment of cost sheets and case studies to inform and direct experiential learning for students. This is one of the first books to address quality of life and responsibility to the planet when costing garments.
An excellent book that explains the importance of understanding costing.
A must-read for anyone in the business of making fashion. Suitable for students, professors and industry professionals, Apparel Costing is readable and relevant.