Elements and Performance Criteria
- Determine cost considerations for raw materials
- Product and design specifications are analysed and yarn and othermaterial requirements are determined
- Production requirements are analysed to determine impact on material selection and costs
- Costing factors to be taken into consideration when purchasing materials for textile products are identified and related to production requirements
- Market forces that affect costing for the textiles industry are identified and considered in line with purchasing requirements.
- Calculate material costs for producing textile products
- Costs of materials for textile sample production are estimated.
- Similar products from different price points within textiles industry are compared and any production differences identified.
- Hidden costs in sample production are identified.
- Differences in costs for sample and bulk production are calculated and compared
- Material cost estimate details for textile production are documented
- Determine labour costs for producing textile products
- Labour required for textile product production is identified.
- Labour costs for production of sample and bulk production are calculated and compared.
- Different methods of utilising labour in the textile industry are identified and compared
- Labour cost estimate details for textile production are documented
- Complete cost estimate
- Components of textile industry costing sheets are identified from production specifications and production information.
- Costing sheets for sample or bulk production are developed to meet textile industry standards.
- Costing sheets are checked against production requirements and budget information and completed according to industry standards and OHS practices
- Cost estimates are finalised and communicated with relevant personnel and all documentation completed