Garment Price Quotation for an Export Order 
Sanjeev Tiwari Sonu
Merchant at TCNS Ltd Noida
B-tech from U.P.T.U. University,
Lucknow, UP, India.
Email: Sanjeevtiwari322@gamil.com
Price Quotation:
Price quotation is based on order confirmation once a style is selected by the buyer. We provided costing to buyer or quoted a cost to the buyer. The price quoted plays an important role as it is a way of order confirmation of the garment. Once an order is confirmed, then the merchandising department start working with the export house. Today I will discuss price quotation strategy in the apparel industry with the help of my job experience.
Price Quotation Procedure in the Apparel Industry:
There are various types of price quote processes for the execution of an export order. For executing an order, a merchandiser should have proper knowledge about few terms such as FOB, C&F, CIF, CMT, etc. FOB is known as “free on board”, C&F is cost and freight, CIF is “Cost, insurance and freight”, CMT is “Cut makes and trims”. In costing a merchandiser is mainly quoted yarn price, yarn average rate, trims cost of garment, knitting rate, average weight, and gross weight of the garment, hand work on a garment, linking rate, stitching rate, buttoning, overhead of factory, labor cost, profit of buying houses, sourcing rate, samples submissions rate, once we quoted the price we quoted these all rates to buyer. Here given a general format of garment price quotations asshown below. Hope you will get an idea about the price quotation.
Format of price Quotation
For example, if we quoted price of a kid wear garment like new born or toddler range we take the sample average weight with a gross weight, knitting rate, according to knit structure after that we Including CMT rate, including overhead and profit and we quoted price according to buyer currency as buyer need and we quoted price after price quotation of the export house merchandiser. For price quotations, we will communicate with the export house merchant and we will quote prices according to those costs. For this reason, a merchandiser should have clear knowledge about price quotation and the application of the order costing process.
Another article in this writer
How to Follow Up Garments Order
Speech from the writer:
If you read this article with full concentration, then you can easily answer the following questions-
- How to Prepare a Price Quotation for an Order
- Price Quotation Format for an Export Order
- Price Quotation Strategy in the Apparel Industry
- The Policy of Price Quotation in the Apparel Industry
- What is Price Quotation? What is Price Quotation
Mohammad Noor Nabi, known by his author name Noor Ahmed Raaz, is a PhD Fellow at Bangladesh University of Textiles (BUTEX) and the Founder & Editor of Textile Merchandising. He is also an Assistant Professor and Chairman of the Textile Engineering Department at a renowned university in Dhaka, Bangladesh. His research focuses on textile innovation and sustainability. Awarded the Research & Development Fellowship twice from the Ministry of Science & Technology in Bangladesh, Noor Ahmed Raaz is dedicated to advancing textile engineering through education, research, and industry collaboration. For inquiries or collaborations, contact Noor Ahmed Raaz via email at textilemerchandising1@gmail.com or WhatsApp at +8801673758271.
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