Our recent webinar was a deep dive into the potential of engineered fabric costing and a cutting-edge solution to master it. Here are some of the highlights:

• Maximizing Savings: Fabric technical costing has the potential to generate significant savings as it’s largely untapped. An interesting comment by Ludovic Curtil, Product Manager at Weave: The complexity of fabric costing often deters companies, but the potential savings, ranging from 5% to 15% of fabric costs, are too significant to ignore.
• Boosting Transparency: Fabric open costing mechanisms enhance supply chain transparency by gaining clear visibility into supplier costs, processes, and materials. It also builds accountability across your value chain to foster trust and long-term partnerships. An important insight from Bart De Meirsman, Director of Different Dialogue: Data transparency across the supply chain is the foundation for costing, having constructive dialogue with supply chain partners, and determining investment roadmaps, especially during supply chain disruptions such as tariffs.
• Enhancing Capability: One of the key challenges brands are facing lately is finding people with in-depth technical knowledge on textile engineering, hindering them from building technical expertise, such as fabric costing. A noteworthy point by Terry Broderick, Operations, Manufacturing & Technical Services leader at Kiabi: “Rolling out such technical initiatives demand sophisticated change management, with resource development being a key component, considering the market’s technical talent shortage. Bringing out a technical solution may serve as a framework or an intuitive guiding tool for people to easily understand and master fabric costing.”
• Introducing FABRICiQ: FABRICiQ is a pioneering digital tool for fabric technical costing that automates workflows, facilitates component-level fabric costing & negotiation and supports collaborative decision-making. A highlight from Aravind Nambiar, Digital Director at Weave: “FABRICiQ with an automated, integrated open costing module & component level should-be cost references powered by AI/ML algorithms is set to revolutionize fabric & yarn costing, enabling scalability & productivity while driving potential savings.”

In light of current global challenges, engineered fabric costing stands out as a crucial strategy to offset some of the cost pressures. We want to emphasize the importance of adopting innovative costing methods to remain competitive in today’s market.

We want to thank our speakers and participants for an engaging and insightful discussion. Stay tuned for more updates on FABRICiQ and contact us for more information.