It’s also about knowledge and responsibility.
Open costing gives you benefits when it comes to understanding your product to negotiate better. But more importantly, it is your responsibility to know and to present a full understanding of the parts used in your garment and that fair wages are paid.
Create an account to manage your costing sheets and supplier info. Download Excel and PDF templates that you can use and upload existing costing sheets.
Apparel brands work with suppliers to create their products. But what exactly goes in to the garment? How much time and labour cost is included to ensure that fair wages are being paid? What are the nominated components? Who is the sub supplier? How much do the components cost?
You need to know which components go into your products, from which supplier and which location. On top of enabling sustainability, open costing gives you the tools to negotiate with your suppliers.
A costing sheet is broken into 4 cost types:
There are already tons of tools out there to manage Costing Sheets and Bill of Materials: Excel, PLM software you name it. This is not about the tool, this is about mapping the correct costing and costing knowledge. Use whatever tool you like - we will import your BOM in any format you have available (even PDF!).