Fashion Production is a field in fashion that I am very
interested in. I worked in the Fashion Merchandising field for a year and I
fell in love with the business side of fashion. I even took an online class in
Operations Management by Wharton so I can better understand the production side
of it all.
When I tried using the computation that was taught in the lecture to have a better understanding of how much my accessory would cost and how much i should sell it for, it was not new to me anymore. In fact, one of my major roles as a Junior Buyer before was to decide on the retail prices of the products that the company I was working for would be selling. Therefore, I am very experienced on the whole process.
SUNFLOWER
HEADBAND
|
|
One Band Cost
|
1.00
|
Sun Flower Cost
|
0.25
|
5 mins @ 12/hr Labor Cost
|
1.00
|
Total Cost
|
2.25
|
100% Profit
|
2.25
|
Suggested Retail Price
|
4.50
|
Discovering and exploring the materials and equipment involved in
making a certain type of clothing or accessory, including the labor of the people
involved, are fantastic ways to understand the world of fashion. It is a good learning experience for any person interested in fashion as it helps one realize the whats and whys of a clothing or an accessory. It makes you comprehend as to why a certain brand of clothing has a different price range than another brand, or the differences between luxury fashion and fast fashion.
I believe that
production is the back bone of retail so without it, there is nothing to sell,
nothing to deliver to customers and no art to appreciate.
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