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Module 17 · Lesson
Factory Finance and Cost Control
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What this lesson answers
Factory Finance and Cost Control — questions covered in this lesson
- How to calculate labor cost per minute in a garment factory?
- Strategies to reduce fabric wastage in cutting room
- Impact of low sewing efficiency on factory overheads
- Example of factory cost control SOP for apparel
- Lean Six Sigma case study for garment manufacturing costs
Key terms
Standard Minute Value (SMV)Labor Cost per Minute (LCM)Bill of Materials (BOM)Cost of Poor Quality (COPQ)Overhead AbsorptionFabric Reconciliation
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