Just Style and Weave’s live webinar titled ‘Transforming Fabric & Yarn Costing Management in the Apparel Industry’ is taking place virtually on 28 April at 10:30am BST (17:30 HK).
The session, which is open for free registration now will reveal how to unlock significant cost reduction and productivity gains using data-driven cost engineering methodology.
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Weave specialises in sourcing transformation and integration planning for some of the world’s biggest fashion retailers.
It explains that during these times of geopolitical uncertainty and various types of tariffs looming large, there are significant cost increases and pressures on supply chains. This makes it critical for brands and retailers to adopt engineered fabric costing as it helps mitigate some of the impact felt.
This exclusive webinar will unveil the transformative potential of engineered fabric costing — a game-changing methodology that eliminates inefficiencies, empowers better decision-making, and fosters collaboration across the fashion supply chain.
Weave’s director of digital Aravind Nambiar says the digital maturity of sourcing divisions in the fashion industry generally lags behind the downstream supply chain divisions.
He asserts that adopting a data-driven approach can help leverage AI, which can enable sourcing to leapfrog in terms of its digital maturity.
Nambiar continues: “Integrating AI/ML along with streamlined processes and workflows can enable scalability and productivity, especially in fabric and yarn costing, which otherwise is very challenging due to its inherent complexity.
“This engineered approach will result in transparent, effective and efficient negotiations with suppliers, driving profitability and enhancing collaboration.”
The session will feature an industry expert panel, including:
- Terry Broderick – operations, manufacturing and technical services leader Kiabi
- Bart De Meirsman – sourcing expert and ex-C&A, Quiksilver, Gap, AEO, Ralph Lauren
- Paul Huang – Weave’s principal of consulting
- Aravind Nambiar – Weave’s director of digital
- Ludovic Curtil – FABRICiQ’s product owner.
The speakers will discuss how fabric costing provides a significant savings opportunity and how to boost productivity by eliminating manual workloads and inefficiencies with a streamlined and scalable approach.
The session aims to help attendees understand how a detailed open costing mechanism helps to build reliable cost benchmarks, identify right fabric negotiation opportunities beyond volume, enhance collaboration with supply chain partners and increase profitability.
The panellists will debate how to enhance supply chain transparency by gaining clear visibility into supplier costs, processes, and materials and accountability across the value chain to foster trust and long-term partnerships.
Plus, attendees will be able to discover FABRICiQ, which is the first end-to-end digital fabric costing tool with a detailed open quotation management that automates workflow and facilitates engineered costing for consistent and collaborative decision-making.
