Blog Details

In the apparel industry, managing costs is the key to staying profitable. With over 20 years of experience, Ask Technology helps apparel companies create a clear internal costing process that makes it easier to plan, control expenses, and increase profit margins.

Here’s how internal costing can work for your business:

1. Managing Fabric and Accessory Use: By accurately estimating how much fabric and other materials are needed, companies can reduce waste and save on costs.
2. Planning Materials and Reusing Stock: We focus on making the best use of existing stock along with new purchases. By reusing available materials, companies can keep spending in check and avoid overstocking.
3. Setting Process Costs: Each stage in the production process—like cutting, stitching, and finishing—has its own cost. Planning for each of these costs helps keep the budget organized and prevents unexpected expenses.
4. Customer Costing and Internal Budgeting: Balancing customer pricing with internal budgets ensures production remains profitable. By setting prices that match production costs, apparel companies can meet profit goals without overspending.
5. Tracking Planned vs. Actual Costs: Comparing what was planned in the budget to what was actually spent helps companies identify any gaps, understand performance, and adjust plans for future orders.

Summary & Results

Through a structured internal costing system, companies can forecast profits more accurately and keep production on track. At Ask Technology, we focus on making these steps simple and effective to help you improve profits and work efficiently. Interested in learning more about our apparel solutions? Visit www.asktek.net or contact us at chan@asktek.net to find out how we can help streamline your business and increase your profits. Let us use our experience to help you succeed!