Nahian Mahmud Shaikat
Experienced Financial Analyst with a demonstrated history of working in different industries. Skilled in Feasibility Study, Business Planning, Business Modeling , Strong finance professional with a Advanced Certificate Course on Business Administration (ACBA) focused in Business Administration from Bangladesh Institute of Management (BIM) and Masters of Business Administration (MBA) focused in Finance & Banking and Marketing from Institute of Business Administration (IBA-JU).

List of Trims and Accessories with Price

Trims and Accessories are used to make a complete garment. Other than fabric, different trims and accessories are the main parts of cloth. Sewing thread, price tag, size tag, sticker, label are the main trims and accessories. Although the price of these items depends on the quality of the product and quantity ordered. But we have been sharing here the average price of these items. Hopefully, this list of trims and accessories with price will help you to do the initial costing of garments. Apparel manufacturing company basically source these materials from China.

Trims and Accessories Price

Trims and Accessories Price

List of Trims and Accessories with Price 2020

Sl. No.ItemsAverage price (USD)Unit
1Alarm Tag0.050Piece
2Barcode Sticker0.011Piece
5Care Label0.034Piece
6Collar Card0.034Piece
7Collar Tag0.034Piece
8Convertible Ring0.090Piece
12Extra Label0.007Piece
13Fit Sticker0.005Piece
14Glue Size Label0.005Piece
15Hang Tag0.046Piece
18Hook & Eye0.140Pair
19Insert Paper0.080Piece
21Maternity Claps0.020Piece
22Mesh Fabric4.100Meter
23Metal Accessories0.015Piece
24Metal J-Hook0.015Piece
25Metal Ring0.011Piece
26Metal Slide0.011Piece
27Micro Fabric1.820Meter
29Ncm Ring0.012Piece
30Ncm Slide0.010Piece
31Oval Ring0.116Piece
33Plastic Bone0.350Piece
34Plastic Buckle0.036Piece
35Plastic Ring0.002Piece
36Plastic Slide0.002Piece
37Price Sticker0.018Piece
38Price Tag0.006Piece
39Price Ticket0.038Piece
40Rfid Sticker0.059Piece
41Rfid Tag0.059Piece
43Security Tag0.010Piece
44Shoulder Strap0.290Piece
45Size Sticker0.005Piece
47Snap Button0.025Piece
49Wire Channel0.095Piece

Responsibilities of Garments Internal Audit Manager

Responsibilities of Garments Internal Audit Manager

Responsibilities of Garments Internal Audit Manager

The job description of the Audit Manager must contain the following responsibilities if you want to recruit and assign responsibilities of garments internal audit manager. The audit manager and his team play a vital role in ensuring a good internal control system. An effective internal control system brings efficiency in terms of operation and cost minimization.

Routine Responsibilities of Audit Manager

  • Review the effectiveness and efficiency of the Internal Control System and implement corrective action
  • Plan and monitor regular factory visit schedule of an audit team and report to Head of Audit/top management.
  • Prepare audit plan weekly, monthly, the quarterly and yearly basis for the company.
  • Report to Head of Audit/top Management and follow up audit findings and recommendations (if required).
  • Invoice checking any verifying the figures
  • Insurance and sales commission bill checking
  • Pro-forma invoice (PI) checking
  • Proceed all kind of credit, cash and adjustment bill
  • Purchase rate analysis with the procurement department
  • Approval of material purchase requisition through database and Construction material requisition approval from top Management
  • Any other task assigned by the head of internal audit

Periodic Responsibilities of Audit Manager

  • Weekly factory visit
  • Factory bill and voucher checking and follow up.
  • Checking subcontract receive challan & other receiving challan and follow the status up a time to time.
  • Follow up LC (letter of credit) & TT (telegraphic Transfer) and any other short receive reports
  • Follow up MRS (return challan) checking for whether the item bill paid or not paid.
  • Quarterly or Yearly inventory valuation of the company
  • Monitoring bill in hand to Audit, an advance bill in hand to Purchase, old challan in hand to Store Department
  • Auditing Over Time, Tiffin bill & unpaid wage of the company
  • Follow up yarn balance checking to subcontract party
  • C&F and Transport rate following up and keep records of rates.
  • Check and prepare Financial Statement as per BAS (Bangladesh Accounting Standard), IAS (International Accounting Standard)
  • Coordinate the external audit
  • Manage team and coordinate with the client for report findings
  • Any other task assigned by the head of audit/management.

Skills Required for Audit Manager

  • Person Should have Knowledge of IFRS, BAS, IAS, GAAP, GAAS
  • Proper Knowledge of Chartered Accountancy is Mandatory for this position
  • Knowledge on Income Tax Ordinance 1984, Companies Act 1994 and Business Laws (Bangladesh)
  • Ability to conduct an analytical review of financial statements
  • Familiar with internal control requirements at different environments and record-keeping
  • A committed auditor with an ability to generate and implement effective auditing procedures and also to evaluate accounting systems for efficiency.
  • Having a successful track record of checking and implementing different internal control procedure

Job Description of a Digital Printing Technician

Job Responsibilities of Digital Printing Technician

Job Description of a Digital Printing Technician

The Digital Printing Technician will be responsible for the digital Dye Sublimation printer and Ink Jet printer. The job description of a digital printing technician includes all the responsibilities mentioned below. This role is basically suitable for the candidates who have digital printing experience, wanting to challenge themselves in a good factory environment. It is crucial to understand the dye sub and direct print on the fabric process and how each step affects color and quality. This person will understand the profiles and conditions of the press, keeping up on maintenance to ensure the best quality printing output.

Responsibilities of Digital Printing Technician

  • You will be responsible for operating all the digital printing equipment.
  • Provide technical solutions as required for bulk production of different types of printing.
  • Work independently to design, execute and document digital printing experiments.
  • Capability to solve all types of technical issues related to sample, size set, bulk production, etc. with the printing machine.
  • Ensuring that products meet set requirements and specifications (colorfastness, durability, and accuracy, etc.)
  • Color retouching, fixing or re-creating files as needed, and color management.
  • Inspect and examine the coordination of the printed products with the quality team for print clarity, color accuracy, conformance to specifications and external defects.
  • Ensure the quality during bulk production and also minimize the rejections.
  • You will need to take responsibility for the storage of prints and other works in production, monitoring and maintaining records of usage, monitoring and reordering stock, and working within a given budget.
  • To ensure proper maintenance and security of printing software, database storage, and related documentation and manuals.
  • Communicate with designer and sample department, color department, coordinators and merchant team for development issues of a good product.
  • Checking products for suitability and testing for performance under various conditions as required.
  • Examine the specific style to determine the details, such as sample quality, types of color/chemicals be used, color sequences and any other instructions.
  • Be responsible for components of variable data printing, including the creative aspects and print production.
  • Collaborate with Material Managers and Developers to test innovation opportunities and identify solutions to meet innovation objectives.
  • Bring recommendations and ideas on what is possible with technology and keeping up to date with trends and innovations.
  • To provide advice, training, and support to concern people; this will include designing and implementing personal training programs for an individual as necessary.
  • Be responsible for proofing your work to help ensure accuracy and efficiency.

Skills Required for Digital Printing Technician

  1. Excellent influencing, communication, interpersonal and facilitation skills.
  2. Must have technical knowledge of digital printing.
  3. Ability to develop and implement complex project plans and strategies required for the printing section.
  4. Experience working with ink chemistries and fluid rheology a plus.
  5. Knowledge of data management software and information technology used in digital printing.
  6. Knowledge of textile chemistry, physical materials testing, product testing, design, and product engineering a plus.
  7. Knowledge of creating the design to execute on a digital printer.
  8. Basic knowledge of file conversion and image file formats or any other printable file formats.
  9. Excellent time management and organizational skills.
  10. Ability to manage multiple tasks, shift gears quickly for changing priorities, and meet demanding deadlines.

Finance Manager Job Description [2019]

Finance Manager Job Description

The core job responsibility of a finance manager is to manage the funds. Management of funds is not an easy job. As a part of managing funds, you need to deal with both the collection and proper utilization of funds. A finance manager job description must include these core functions.

Job Description of Finance Manager

Who is Finance Manager?

A finance manager is a person who is responsible for taking all the financial decisions for the company. The motive of the finance manager is to increase the value of the organization. And also maximize the return of investors.

The person who is working for cost reduction and provides financial advice is well known as the finance manager. Top management of the company takes financial advice from the finance manager. An experienced finance manager take financial decision based on his work experience to improve financial health by considering the market trends.

Educational Qualification of Finance Manager

A person should have a degree in finance or accounting. A master’s degree in Accounting or MBA in Finance will add value to this position. A professional degree like; CA, CFA, CMA, ACCA, etc. will give you the highest level of benefit.

The Job Responsibility of Finance Manager

From the job title “Finance Manager” we find the following core job responsibilities:

  1. Leading Financial Management Team
  2. Prepare Financial Report and Submit to Top Management
  3. Provide Financial Advice
  4. Take the Most Beneficial Financial Decision
  5. Do Long Term Financial Planning
  6. Analysis of Financial Data to Evaluate the Performance
  7. Take Investment and Financing Decision
  8. Forecasting of Financial Outcome
  9. Maximize the ROI
  10. Continuously Monitor the Liquidity and Optimize Flow of Funds
  11. Work with Financial Analyst
  12. Maintain Agency Relationship

Details of Job Description of a Finance Manager

Leading Financial Management Team

A manager by name is responsible for managing resources. The finance manager is basically responsible for managing and leading the financial management team. Provide guidelines to the member and time to time receive feedback. Small corporations may not have a financial management team, where the finance manager is responsible to do all the financial activities. In the case of a large corporation, there may have a large financial management team, so there must have enough scope of managing the team.

Prepare Financial Report and Submit to Top Management

The finance manager is responsible to prepare financial reports and submit to the top management so that they remain updated on the business operation. While reporting financial outcomes, you must present it concisely to ensure the focused key outcome. The report can be for daily, weekly, monthly, quarterly, semi-annually, or annually. The reporting time is based on the top management requirements.

Provide Financial Advice

A key task of a finance manager is to provide financial advice to the respective authorities. An analytical report with can be submitted with financial advice as a supporting document. A good finance manager performs as a financial advisor if he has good analytical skills.

Take the Most Beneficial Financial Decision

Evaluation of all the investment alternatives is needed to be there before taking the most beneficial financial decision. All you need to do is to identify the financial factors. Put them in side by side and compare the outcome of each and combine and then choose the right one.

Do Long Term Financial Planning

Based on the current business condition, future opportunities or threats proper financial planning is mandatory. In addition to short term financial planning, long term planning will ensure the sustainability of a good financial position. The better a financial plan is; the company will be in a better financial position. All the factors must be considered when a finance manager does a long run financial planning.

Analysis of Financial Data to Evaluate the Performance

To evaluate the performance of a company, a proper analysis of financial data is required. Before that, you need to collect all the required financial data. Then arrange, create a result, interpret and take the decision. This is the optimal way of doing financial analysis. If there is any possibility of financial distress, then the finance manager must have to take precautionary measures to minimize the risk.

Take Investment and Financing Decision

The financial decision includes both borrowing and investing. While taking a financial decision, you need to keep in mind that typically investment will be done where the benefit from the investment is maximum and the funding of funds will be done from least cost sources of funds. Before investing or financing, a proper cost-benefit analysis must be done by the finance manager or his team.

Forecasting of Financial Outcome

A finance manager always needs to forecast the organizational financial outcome. Based on the predictive value, an action plan should be pre-determined. Better forecasting will minimize the overall financial risk of the firm.

Maximize the ROI

The investor of the company is aware of the Return on Investment (ROI), so the finance manager needs to focus on it to ensure the maximization of the ROI. As the finance manager is responsible for the investment opportunities analysis, he must choose or suggest the opportunity where the return for the shareholders is maximum. And that will maximize the value of the organization.

Continuously Monitor the Liquidity and Optimize Flow of Funds

Many companies face the problem of liquidity. Here the liquidity problem arises from the excess of liquid funds or deficit of liquid funds. A finance manager should focus his concentration on the fund flow, where the funds are going and from where it is generated and coming back to the organization. If funds are not monitored properly then your company may become financially looser. So you must take advantage of having a finance manager in your organization.

Work with Financial Analyst

Financial analysis is the key important person who works for the finance department or for the company who always deals with the financial data to identify the core financial information which will be helpful for financial decision making. So the job of a finance manager and the financial analyst need to be aligned so that the financial decision-making process can be flexible and quick.

Maintain Agency Relationship

You know, there is an agency relationship among the finance manager or top manager. Manager work as an agent to ensure most out of a particular investment, so that the return on investment would be maximum.

Finance Manager Should Have Qualities

The finance manager should have the following qualities

  1. Good Communication Skills
  2. Adequate Analytical Skills
  3. Proper Understanding of Financial Risk
  4. Problem Solving Skills
  5. Enough Knowledge of Finance
  6. Quick Decision Making

Finally, a finance manager is a key important person for the company who is responsible for ensuring the best financial performance and provide financial advice to the top management of the company. So before recruiting a finance manager, a company should mention all the responsibilities in the job description of a finance manager.

Written by
Md. Nahian Mahmud Shaikat

Complete Training Cost-Benefit Analysis

Complete Training Cost-Benefit Analysis of Workers

This article will provide your complete training cost benefit analysis of garment workers. Suppose 5000 workers are working in your factory. You are not able to reach the target productivity level. After critical evaluation of the productivity of every worker, you have identified that 500 workers are performing below the expected level. The actual productivity is 50% for these 500 workers, which was estimated to be 65% on an average. And you also come to know that they have lower productivity because of lack of skills and experience. You cannot just replace this large number of workers with skilled one because getting skilled workers is hard to find and time-consuming process.

Complete Training Cost-Benefit Analysis

So it will be a better choice for you to provide the training, that will improve their skills, which results in increased productivity and lower in cost. But before that, you must do a cost-benefit analysis of investment for the training program and also calculate the return on investment. If you get a positive result, then you must go for the investment of the required training program.

A proper training plan and materials must be prepared by export from the related field, otherwise, your investment will become a loss project.

Training Plan of Garment Workers

To provide training you have to be ready with the following things

  • How many people will receive training?
  • Training for how many Days (Whole day training or few hours of a day)
  • Workshop training will be provided with a practical opportunity of learning
  • Course materials will be provided by the company (if it is required)
  • Company will arrange this training program at its own cost
  • Food allowance will provide by the company for the training days

Training Cost May Includes

  • Consultant/Trainer Fees
  • Training Facilities arrangement
  • Recreation/Food Allowance
  • Course Materials (Book containing visual images of the required processes)
  • Opportunity Cost of Reduced Productivity of the training days

Calculation of Training Cost Benefit

Following parameters are required:

  • Total number of worker will receive training = 500 person
  • The training program will be for = 3 Days for each batch
  • Number of hours of training = 8 Hours/Day
  • The total training program will be for = 3 Days x 8 Hours = 24 Hours
  • Total 50 people will receive training for 3 Days in a Batch
  • Number of batch required = 500 Person/50 Person a day = 10 Batches
  • Total Days Required for this training program is = 10 Batch x 3 days = 30 working days
  • Number of Trainer = 2 Person
  • Average Salary of Workers Per Month = 9,000 BDT/Month
  • Total Working Hours in a Month = (8 Hours x 26 Days) = 208 Hours
  • Average Salary of Workers Per Hour = (9,000 BDT/208 Hours) = 43.27 BDT/Hour

Cost Estimation of Training Program

  • Total Consultancy/Trainer Fee = (30 Days x 20000 BDT) = 600,000 BDT
  • Food Allowance = (500 Person x 3 Days x 100 BDT) = 150,000 BDT
  • The cost of training facility arrangement = 300,000 BDT
  • The cost of Training materials = 400,000 BDT
  • Opportunity Cost of Losing Productive Hours = (500 Person x 3 Days x 8 Hours) = 12,000 Hours
  • Total cost of Productive Hours = (12,000 Hours x 43.27 Average Hourly Salary) = 519,240 BDT

After summing up all these expenses, you will get the total cost of the above training program.

Total Cost of Training = (600,000 BDT + 150,000 BDT + 400,000 BDT + 519,240 BDT) = 1,669,240 BDT


  • The training cost can vary industry to industry, training method to method.
  • The training cost is highly depending on the scope of the training program.
  • It is not necessary to provide food allowance and training course materials for the garments workers. But if you provide, then it will be beneficial for them. Although it is costly for most of the garments.

Calculation of Existing Productivity

Suppose if a factory can maintain 100% efficiency then a worker production capacity should be 1000 piece a day. You are expecting that your factory worker’s productivity should have 65%, which is 650 piece a day. But your factory running at 50% capacity, based on the production of 500 pieces a day.

  • Expected Productivity = (650 Piece of Work /1,000 Piece of Work) = 65%
  • Actual Productivity (Before Training) = (500 Piece of Work /1000 Piece of Work) = 50%
  • Actual Productivity (After Training) = (550 Piece of Work /1000 Piece of Work) = 55%

Cost Benefit Analysis of Training Program

  • Daily Production Will Increase for each worker = (550 Piece of Work – 500 Piece of Work) = 50 Piece of Work a Day
  • Total Daily Increased Production = (50 Piece of Work x 500 Workers) = 25,000 Piece
  • Total Monthly Increased Production = (25,000 Piece of Work x 26) = 650,000 Piece of Work in a Month
  • Suppose a piece of work has a value of 0.070 BDT then total Benefit your factory will get = (650,000 Piece of Work x 0.70 BDT) = 455,000 BDT
  • Total Yearly Benefit = (455,000 BDT x 12 Months) = 5,460,000 BDT
  • Wages and Salary Expenses = (500 Worker x 9000 BDT) = 4,500,000 BDT
  • Cost Per Operation (Before Training) = (4,500,000 BDT/ (500 Workers x 500 Piece a Day x 26 Days) = .692 BDT per Piece of Work
  • Cost Per Operation (After Training) = (4,500,000 BDT/ (500 Workers x 550 Piece a Day x 26 Days) = .629 BDT Per Piece of Work
  • Total Reduction of Cost per Piece of Work = (.692 BDT – .577 BDT) = .063 BDT
  • Cost Reduction Percent = 9.10% because of increased productivity

Calculation of Return on Investment of Training Program

  • Return on Investment of Training Program = (Yearly Total Benefit/Total Investment) x 100 = (5,460,000 BDT/1,669,240 BDT) x 100 = 327.09%

Calculation of Cost Benefit Ratio of Training

  • Cost Benefit Ratio = (Yearly Total Benefit/Total Cost) = (5,460,000 BDT/1,669,240 BDT) = 3.27:1

That is, if you invest 1 BDT then you will receive benefit of 3.27 BDT which is more than three times of the investment amount.


  • All numbers are taken assumption basis, so these numeric results are not 100% accurate to the apparel industry.
  • BDT is used as a currency; you can use of your own currency.

Written by
Md. Nahian Mahmud Shaikat

Email: [email protected]

GSM of Fabric: Meaning and Calculation

You will not find anybody who is working in different processing of apparel manufacturing but didn’t have any idea about GSM. Simply, GSM is the unit for the weighing of fabric. Actually not only fabric but GSM is also used specifying the weight of paper, lather or any sheet-like materials.

Meaning and Calculation of GSM

GSM of Fabric: Meaning and Calculation

What GSM Stands for?

GSM is the abbreviation Grams per Square Meter. It says the weight of one square meter of fabric. That means if we make a piece of fabric whose area is just 1 square meter and weighted in a balance what the reading shows will be the GSM of that fabric.

Calculation of Fabric Gram Per Square Meter (GSM)

If we need to check/calculate the weight of any fabric, what we do? We cut a circular shaped piece of fabric by GSM cutter and put it on an electronic balance. Balance shows the reading 1.80gram, we proclaim that the fabric has Gram Per Square Meter (GSM) 180 moving the decimal for two digits from the balance reading. Why we do this? Though GSM is the weight of one-meter fabric why we measure such circular piece fabric?

There is very silly but interesting math in it. Let’s have look.

Measurement of GSM

It is much difficult to measure fabric weight by making a piece of fabric of 1 square meter and it will be a wastage of fabric as we have to check the weight for several times of the same fabric. Then what can we do? If we make the specimen 1/100 of 1sqm i.e., 100 square centimeters, now weigh the piece of fabric of 100square centimeter and multiply the reading by 100, we will find the GSM of the fabric.

That means it is more convenient to measure the weight with a piece of 100square centimeter, rather than 1square meter.

Now the problem is that our GSM cutter is circular shaped, not square. Let us think if the GSM cutter is square-shaped, will that be possible to cut the piece by screwing the cutter?

That’s why GSM cutter is circular shaped. Now we need to find out a circle whose area is 100cm2. It is pretty easy, just back to the High School Geometry. We know, area of a circle is πr2.

Now if we summarized it then comes, the radius of our GSM cutter is 5.64cm and the area of the circular piece of fabric that we found by the GSM cutter is 100cm2. We will find GSM of that fabric by multiplying the weight reading of 100cm2 fabric by 100.

GSM Calculator

Written by

Galib Hossain

Senior Merchandiser at Centro Tex Ltd.