A. Introduction In garment manufacturing industries, calculating of accurate Cost of Manufacturing (CM) is a bit complex work. Because we have to refer too many details to arrive CM. Most of the companies having their own method to arrive CM value. This is a bit multifaceted to understand and explain. Nowadays buyer wants open costing sheet with all cost breakup and they verifying all the cost. They raising queries if any deviation in cost breakup including our profit marge. In this circumstance, we have to adopt accurate and common CM calculating methods. So that, we can have our common standard to arrive at accurate CM and the same could explain to our buyer. When the organization did not follow the standard method to calculate CM, then it will create some subsequent issues. i.e. a) Underquoting b) Higher quoting c) Fluctuation in quoting d) Not added current overhead increased f) No clear tacking about how did calculate g) Couldn’t able...
Online Industrial Engineering Study