Activities Of Mechandiser

Activities of Merchandiser Activities of Merchandiser Prepared by: Md. Mozibur Rahman ID: 112-323-007 Atish Dipankar University of Science and Technology Departments of Textile Engineering House-83, Road-4, Block-B, Banani, Dhaka-1213 Atish Dipankar University of Science and Technology Departments of Textile Engineering House-83, Road-4, Block-B, Banani, Dhaka-1213 What Is Apparel Merchandising? Apparel Merchandising is all about costing of apparels, selecting and ordering latest trendy materials, styles, sizes and overall apparel specifications to the manufacturers according to the main buyer’s requirement. The people who manage this whole apparel merchandising process is called apparel merchandiser Responsibilities of a Merchandiser • Product Development • Market and product Analysis • Selling the concept • Booking orders • Confirming Deliveries • Designing and Sampling • Costing • Mediating production and quality departments • Giving shipping instructions and following shipping, • Helping documentation department • Taking responsibility for inspections and • Following up the shipment. Objectives of Garments Merchandising 1. To try to get garments order inquiry from buyer through various sources. 2. To find out the consumptions of fabrics & accessories. 3. To make costing on the garments inquiry. 4. Procurement of raw materials. 5. Follow up. 6. Regular correspondence with buyer, suppliers and related personnel. 7. Help and follow up in commercial activities. 8. Arrange tests & inspections. 9. To do shipment. Apparel Merchandising Activity Cycle: Work flow of Garments Merchandising • To collect buyers addresses. • To establish contact with the buyers sending formal letters/profile. • Receiving buyer’s response and providing price quotation along with making of sample as counter/approval. • Receiving samples comments from the buyer. • Receiving Purchase Order from buyer. • To furnish the pro-forma invoice and sending the buyer. • Receiving the master L/C & verify clauses of the L/C both in technical and commercial point of view. • To estimate time schedule for the exports of those garments as per L/C. • To confirm floor booking of the order with factory. • Taking necessary steps to develop lab-dips of the materials (FAB & ACC) • To confirm transfer authentication of the L/C in favor of fact. • Pushing the factory taking initial procurement to open the back-to-back L/C by bank. • Searching reliable fabric and accessories sources and finalize supplying of the required materials relevant to the order. • To monitor the shipment of raw materials and arrival in the factory. • To monitor of the supplying materials while receiving factory. • To order the test cutting with quality. • To check/inspect/advise for the bulk production. • To monitor production, quality and delivery. • To advise factory if buyer change any instruction both in technical/commercial point of view to the order. • To maintain continuous liaison with his or her controlling authorities. • Arrange inspections. • Sea vessel / air ship booking & insurance • Shipment [...]... Preparation of Time and Action Calendar for Merchandising Follow up 3 Follow up of all BB L/C on receipt of Master L/C in respect of Yarn, Knitting, Dyeing, Printing, Embroidery, Value-addition works and Accessories 6 Follow up of Procurement of Yarn Fabric and accessories 8 Follow up of Lab-dip Preparation, Submission and Approval 10 Follow up of Dyeing, Finishing 11 Follow up Cutting in respect of Production... 2 X GSM X 12 / 10000000 + Wastage (For 12 pcs of garments) Woven Garments Consumption: Fabric Consumption: Formula = Length X Width / Fabric width X Fabric Unit Cost of Manufacturing (CM) Calculation: COST OF MAKING (CM) ={(Monthly total expenditure of the following factory / 26) / (Qty of running Machine of your factory of the following month) X (Number of machine to complete the layout)} / [{(Production... requirement 12 Follow up of Accessories Development, Submission, Approval, Procurement and Inventory 13 Follow up of all Samples, Pattern Correction, Graded Nest, Size Set and arrangement of Pre-production Meeting 14 Follow up and Arrangement of all Inspection as per Buyer’s requirement 15 Follow up of all Lab-Test of Garments and Accessories 16 Monitor Final Inspection and Transportation of Cargo to Port... credit risk, since payment is received prior to the transfer of ownership of the goods There are three types of cash- in advance- payment method: wire transfer, credit card, and payment by check Letters of Credit Letters of credit (LCs) are among the most secure instruments available to international traders An LC is a commitment by a bank on behalf of the buyer that payment will be made to the exporter... of Documents and Realization of Payment as per shipped qty and approved price INSPECTION After making of the garments, merchandisers are supposed to arrange pre-final and final inspection Inspection can be carried out in several ways: ▫ ▫ ▫ Inspection by buyer Inspection by buying house Inspection by third party AQL: AQL is Acceptable quality limit A statistical measurement of the maximum number of. .. competition for export markets, foreign buyers often press exporters for open account terms since the extension of credit by the seller to the buyer is more common abroad Therefore, exporters who are reluctant to extend credit may face the possibility of the loss of the sale to their competitors Conclusion Merchandising is undoubtly the most impostant section of a garments industry Merchandisers coordinates... quality level (AQL) is not reached for a particular sampling of goods, manufacturers will review the various parameters in the production process to determine the areas causing the defects AQL chart is used to inspect garments Commercial documents • • • • • • • • Proforma invoice (PI) Purchase order (PO) Bill of lading Insurance document Certificate of origin Packing list Air way bill Commercial invoice... presentation of all required documents The buyer pays its bank to render this service An LC is useful when reliable credit information about a foreign buyer is difficult to obtain, but you are satisfied with the creditworthiness of your buyer’s foreign bank An LC also protects the buyer since no payment obligation arises until the goods have been shipped or delivered as promised The letters of credit...Different Types of order placed by buyers • • • • • FOB(free on board) Order FOA(Free on Air) Order C& F(Cost & Freight) Order CIF(Cost Insurance & Freight) Order CIFC(Cost Insurance & Freight & Commission) Order TIME AND ACTION CALENDAR SAMPLE The samples decide the ability of an exporter The buyer will access the exporter and his organization only by the samples If the samples are of good quality... exporter entrusts the collection of a payment to the remitting bank (exporter’s bank), which sends documents to a collecting bank (importer’s bank), along with instructions for payment Funds are received from the importer and remitted to the exporter through the banks involved in the collection in exchange for those documents Documentary collections involve the use of a draft that requires the importer . Activities of Merchandiser Activities of Merchandiser Prepared by: Md. Mozibur Rahman ID: 112-323-007 Atish Dipankar University of Science and Technology Departments of Textile. MAKING (CM) ={(Monthly total expenditure of the following factory / 26) / (Qty of running Machine of your factory of the following month) X (Number of machine to complete the layout)} / [{(Production. verify clauses of the L/C both in technical and commercial point of view. • To estimate time schedule for the exports of those garments as per L/C. • To confirm floor booking of the order with