Garment Costing and Pricing Method

Apparel merchandisers, and garment manufacturing business entrepreneurs do the garment costing and setting the selling price for their orders. Students in the apparel merchandising and apparel production fields also need to learn garment costing and pricing method as part of their course curriculum. Video shared in this post will help you learn more about costing and clarify many things on costing and pricing method.

I have published few articles on garment costing, costing sheet, material costing and calculating factory overhead cost. Today I found one e-tutorial on Youtube video that explains the method of garment costing and its pricing step by step which is very helpful and interesting. I am sharing that video here.

This 18 minutes e-tutorial will be helpful in understanding various components of garment costing and covers the following topics
- Defines various terms related to cost components and pricing.
- Costing sheet
- Elements of cost
- Different parameters that affect the cost
- Calculating the cost of fabric and raw materials
- Pricing methods

Here are some screenshots of the video.

Garment costing and pricing method

Garment costing and pricing method

In this video tutorial, Dr. GHS Prasad, Associate professor, NIFT, has explained various methods of garment costing. This video was uploaded by Vidya-mitra under the project of Development of e-Content for fashion design and technology.

Watch: Garment Costing and Pricing Method

Another video by Dr. GHS Prasad on Apparel Merchandising Process

Source: YouTube/ url

Prasanta Sarkar

Prasanta Sarkar is a textile engineer and a postgraduate in fashion technology from NIFT, New Delhi, India. He has authored 6 books in the field of garment manufacturing technology, garment business setup, and industrial engineering. He loves writing how-to guide articles in the fashion industry niche. He has been working in the apparel manufacturing industry since 2006. He has visited garment factories in many countries and implemented process improvement projects in numerous garment units in different continents including Asia, Europe, and South Africa. He is the founder and editor of the Online Clothing Study Blog.

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