Garments production is a business where so many guys have to perform to achieve a target. It is a hard working track where every minute is counted. Costing of garments is a mandatory task for RMG merchandisers, especially in soft-line. Overall chance of getting order and profit depends on it simultaneously. It’s all about idea, passion and most importantly execution. It’s a general trend for all to gain profit by selling the product. Profit is the key target of all companies except charity, NGO and other special companies.
But now a day’s most of the companies emphasize on profit as well as doing some social responsibilities. They are working on the theme of “profit is the byproduct of your total performance.” They always prefer consumer’s satisfaction than profit margin. If consumers become pleased, it is easier to gain profit. Generally, when income incurs above break-even point that time it is considered as profit. When two vendors ethical standard like sample, compliance, working environment, logistic service equal to each other that time costing plays a vital role to convince the buyer. There are some parameters which should be taken into consideration while doing costing.
Here I have attached an excel file to know how to do product costing. You will get clear idea if analyze the excel file. You are requested to click my google drive link to get a fantastic guideline regarding product costing. Please hit the link to download your desired file.