Member-only story

Apparel Costing Gregg Hurwitz

Patrick Hayes

·13k Followers· Follow

Published in Gregg Hurwitz

4 min read

74 View Claps

13 Respond

Save

Listen

In the competitive world of the fashion industry, apparel costing plays a crucial role in determining the success and profitability of a garment. From budgeting and design to production and sales, an accurate understanding of the various costs associated with apparel manufacturing is essential. Gregg Hurwitz's Apparel Costing provides a comprehensive guide for professionals in the industry, offering a deep dive into the complexities of cost calculation and analysis.

Understanding Cost Structure

Hurwitz's book begins by outlining the fundamental structure of apparel costs. He categorizes these costs into three primary segments:

Direct Materials: Raw materials used to produce the garment, such as fabric, thread, trims, and zippers.
Direct Labor: Costs associated with the labor required to cut, sew, and finish the garment.
Overhead Costs: Indirect expenses incurred during the production process, including rent, utilities, and equipment maintenance.

Material Cost Calculations

The author provides detailed guidance on calculating material costs, considering factors such as fabric type, yardage, and pattern usage. He emphasizes the importance of optimal fabric utilization and explains various methods for minimizing waste and optimizing efficiency. Case studies and industry examples illustrate the practical application of material costing principles.

Apparel Costing

by Gregg Hurwitz

5 out of 5

Language	:	English
File size	:	11611 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	262 pages

Labor Cost Analysis

Hurwitz thoroughly examines the intricacies of labor cost calculation. He introduces key concepts such as labor efficiency, standard costing, and time and motion studies. The book covers various labor payment models, including hourly wages, piece rates, and incentive schemes. Hurwitz also discusses the impact of labor costs on production speed and overall profitability.

Overhead Cost Allocation

Overhead costs are often overlooked, but they can significantly impact apparel pricing. The author provides a comprehensive breakdown of overhead costs, including utilities, rent, equipment depreciation, and administrative expenses. Hurwitz explains different methods for allocating overhead costs to specific garments or production lines, ensuring accurate and equitable distribution.

Cost Benchmarking and Analysis

To gain a competitive edge, fashion industry professionals need to benchmark their costs against industry standards and competitors. Hurwitz introduces techniques for cost benchmarking, enabling readers to identify areas for cost optimization. He also emphasizes the importance of analyzing cost data to identify trends and inefficiencies, thereby making informed decisions for continuous improvement.

Case Studies and Real-World Examples

Throughout the book, Hurwitz incorporates real-world case studies and examples to illustrate the practical application of apparel costing principles. These case studies showcase how industry leaders leverage cost analysis to enhance efficiency, reduce waste, and maximize profitability. The author also provides practical tips and strategies for implementing cost-effective practices in apparel manufacturing.

Additional Features

In addition to the core content, Apparel Costing by Gregg Hurwitz includes several helpful features:

Glossary of Terms: A comprehensive glossary defines industry-specific terms and concepts, ensuring clear understanding.
Interactive Exercises: Online exercises allow readers to apply their knowledge and reinforce key concepts.
Supplemental Materials: The book offers access to downloadable spreadsheets and templates for practical use.
References and Bibliography: An extensive bibliography provides readers with additional resources for further exploration.

Gregg Hurwitz's Apparel Costing is an invaluable resource for professionals in the fashion industry. Its comprehensive coverage, practical examples, and insightful analysis provide readers with the knowledge and tools they need to effectively manage apparel costs. By understanding the principles and techniques outlined in this book, fashion designers, production managers, and business owners can optimize their operations, reduce expenses, and increase profitability in the competitive fashion market.

Apparel Costing

by Gregg Hurwitz

5 out of 5