>>
Home / Knowledge / News / Textiles / Identifying hidden costs prove vital for organizational functioning

Identifying hidden costs prove vital for organizational functioning

04
Aug '09
The fundamental for every textile business is to identify the market expectations. Products that fulfill the customer requirements reap high sales volume. Most of the companies hardly have a margin for prices of textile products.

Only a few companies succeed in yielding a significant advantage in sales price on the market-or to buy the raw material at a much lower price than the competitors.

Success of a company depends on the quality of the textile products and the excellence as well as reliability of the manufacturing process. The fundamental aspect of any manufacturing process is its cost.

It is vital to consider the accumulating costs over the life cycle in a textile mill. Many expense factors exist in the product life cycle such as costs for acquisition, installation, maintenance, service, repair, operating, the influence on costs for raw materials like fibers and yarns and the production waste, environmental costs, costs for unscheduled repair, disposal, staff and so on.

Investment decisions should be taken, considering all the costs. Good analysis brings out all the hidden costs, which is otherwise overlooked.

Click here to read the complete article.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Jan 2022

China’s GDP increases by 8.1% in 2021

The GDP of China was 114,367 billion yuan in 2021, an increase of 8.1 ...

Pic: Shutterstock

Textiles | On 17th Jan 2022

EU-UK bilateral trade of textiles witness major drop: EURATEX

The imports and exports of textiles between the EU and UK have...

Pic: Shutterstock

Textiles | On 17th Jan 2022

Canada-Vietnam sign MoU for joint economic committee

Canada and Vietnam recently signed a memorandum of understanding...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

K Madhavan,

K Madhavan

Established in 2005 by P Manjunath, Peps is India's largest inner spring...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Gap International Sourcing Limited
KAS Direct Sourcing
Splash
PVH Corporation
Tory Burch Hong Kong Ltd
Gatsby Africa
Restoque S.A.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
IKEA of Sweden AB
Lululemon Athletica Inc
SHAHI Exports Pvt Ltd
Etam Group Strategy Hong Kong Limited
C;&A Sourcing International Ltd
Chico’ FAS
NITI Aayog
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
LC Waikiki
G-Star Raw C.V.

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search