Course Title: Cost production of textile designs

Part B: Course Detail

Teaching Period: Term2 2011

Course Code: BUSM6204C

Course Title: Cost production of textile designs

School: 350T Fashion & Textiles

Campus: Brunswick Campus

Program: C6086 - Advanced Diploma of Fashion and Textiles Merchandising

Course Contact : Robyn Lyons

Course Contact Phone: +61 3 9925 9118

Course Contact Email:robyn.lyons@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Gillian Wooldridge

e82516@ems.rmit.edu.au

Nominal Hours: 20

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

LMTFD4004B - Calculate cost estimates for fashion products

Course Description

This unit covers the skills and knowledge to cost products for volume production within the fashion design industry.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

LMTTD5009A Cost production of textile designs

Element:

1.  Analyse options for textile production

Performance Criteria:

1.1 Production requirements are analysed to determine scale of production
1.2 Options for the production of textiles are determined in line with product specifications
1.3 Information on cost of each option is gathered and data is analysed
1.4 Production options are compared in terms of their cost benefits and cost negatives
1.5 Information from previous production records are reviewed and compared with current options in terms of cost, and in line with quality outcomes
1.6 Potential options are selected and relevant information documented

Element:

2.  Assess influences on production costs

Performance Criteria:

2.1 Factors that may affect cost of production are determined
2.2 Quality and industry standards for design production are identified and implications for production assessed
2.3 Production options are considered in line with OHS practices
2.4 Influences on production costs are assessed and initial costing modified
2.5 Production options are reviewed in line with additional information and most suitable options refine

Element:

3.  Develop and analyse costing sheets for textile production

Performance Criteria:

3.1 Costing sheets are completed for selected production options
3.2 Calculations are checked and data is collated
3.3 Data from costing sheets is interpreted to assess most cost efficient option from production, in line with design and quality requirements
3.4 Cost analysis is documented and presented to appropriate personnel to review suitability of options
3.5 Cost analysis is finalized and all documentation is completed


Learning Outcomes


On completing this unit,students will understand and have knowledge of:

Analysing the options for textile production
Assessing the  influences on production costs
Development  and analysis of costing sheets for textile production


Details of Learning Activities

Lectures,tutorials and small group and individual activities using excel spreadsheets


Teaching Schedule

Week 1                                     Introduction and Course Overview- introduction to your target market

Week 2                                     Cost production options and benefits of each option

Week 3                                     Elements of the costing- duty, landing charges, rebates trading terms

Week 4                                     Exchange rates, labour availability

Week 5                                    Scales of Production ie volumes, features of a garment

Week 6                                    Produce a costing sheet

Week 7                                    Assignment due in class

Week 8                                    Understanding your target market exercise on explaining the Target Market

Week 9                                    Product life cycles and lifestyles

Week 10                                 Price Point Policies

Week 11                                 Start a merchandise plan- create a sales budget , calculate % increase on LY etc

Week 12                                 What is a closing stock, purchases and markdown,Merchandising plan formulae

Week 13                                 Strategic plans, what do they consist of?

Week 14                                 Group class presentation of strategic plan Group assignment due in class

Week 15                                 Teacher Assessment week


Learning Resources

Prescribed Texts


References


Other Resources


Overview of Assessment

Target Market observations5%
Product Life- Cycle Strategy5%
Distribution method2%
Trends Forcasring3%
Range Analysis 5%

Total 20%


Assessment Tasks

Task 1

Assessment in groups 50%
Cost Ranges

Task 2

Group Presentation 50%


Assessment Matrix

Task 1

1.Develop and calculate a costing template for your product range.Understand and explain the elements of a costing sheet used to purchase off-shore garments.

2.Discuss production and sourcing options for your range.


Task 2

Group Presentation of Strategic Plan (in class)
-Present financial analysis of a category
-Present your
-SWOT
-Trend forecast
-Advertising plan
- Present your financial plan or budget forecast for the coming season

Course Overview: Access Course Overview