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Understanding Costing vs. Pricing in Fashion: Key Components and Types of Costing

This comprehensive guide delves into the fundamental differences between costing and pricing in the fashion industry. Learn about various types of costing methodologies, including forward and backward costing. Explore essential components that influence cost, such as fabric, trims, wash processes, embellishments, and financial considerations like margins and transportation. Discover detailed denim cost sheets, various washing techniques, and unique garment finishing methods like resin treatments and tinting. Equip yourself with the knowledge needed to navigate fashion costing effectively.

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Understanding Costing vs. Pricing in Fashion: Key Components and Types of Costing

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Presentation Transcript

  1. Difference b/w COSTING & PRICING

  2. Types of Costing • Forward Costing • Backward Costing

  3. Components of Cost

  4. Fabric • Trims • CMP • Wash • Embellishments • Margin • Finance cost • Transportation • Insurance / FOB / CIF

  5. Info Needed For Costing • Body Fabric Cons. • Trim fabric Cons. • Thread cons. • Payment terms

  6. Denim Cost Sheet denim cost.xls

  7. Washes of Denims • Rinse • Dark stone • Medium Stone • Super Stone • Sand Blasting • Scraping • Spray • Whiskers • Crumple ( resin / non resin ) • Tagging • Chevrons • Tinting

  8. Whiskers

  9. Scraping

  10. Grinding

  11. PP Spray

  12. Resin Crumple

  13. Tinting

  14. Backward costingBackward cost.xls

  15. Shirt cost shirt cost.xls

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