These days fashion & apparel brands are willing to offer the best quality products. The production process will have some challenges and garment costing can be one of them. When brands want to reduce the cost of garments, they cannot compromise on the quality of the product. But they can use innovative management skills to reduce production costs. In this article, we have developed a few techniques to reduce garment costing.
1. Using Advanced Software
Fabric cost is the most significant factor in garment costing. It accounts for 60-70% of the total cost of producing a garment. Hence, it requires an accurate calculation of the amount of material required to create a garment. Fabric consumption can be calculated using advanced software like 3D design software. The amount of fabric consumption will determine the fabric expenditure per unit garment.
2. Use an Accurate Reporting System
A 3D design software will analyze the fabric data used in multiple styles. Then, it provides a report on the total consumption of fabric across seasons. Brands can review the reports to understand the fabric required to produce a garment. Later, they can negotiate with the vendors/suppliers to decide a price for the garment.
3. Reducing Physical Sample Costs
Optitex reports that $6 to $8 billion is spent on physical samples every year in the apparel industry. Additionally, it also reports that if companies can reduce 10-15% of their sampling costs, then they can save millions. 3D technology has reduced the creation of physical samples by 50% as designers can work in real-time & make any changes to the product. Also, 3D design software can produce photo-realistic renders of garments that can help decide silhouette, proportion, design details, and colors.
4. Produce High-Quality Products on the First Attempt
Brands should focus on cultivating a habit of producing the right quality product at the first attempt. It helps reduce the expenditure on low-quality fabric, enhances productivity, and accelerates development. Additionally, it helps reduce maintenance costs and alterations.
5. Reduce Overhead Costs
When the workload is less, factories can give their workers a break without any pay. Later, they can analyze their factory overheads regularly. Factories should reduce their overhead costs as much as possible and hire skilled people.
The fashion & apparel industry needs to work uniquely to survive in the competitive market. The cost competitiveness will benefit organizations to get an edge over others. The above-mentioned tips can bring a big difference in the apparel business and help in reducing the garment cost.
If you’re someone willing to implement software technologies that will help you reduce the garment cost, then reach out to us for a free consultation.
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