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In apparel export business, CIF is a contract used between the buyer and the apparel seller. CIF stands for Cost, Insurance and Freight. In a CIF arrangement, the supplier (garment manufacturer) is responsible for all costs and risks until the goods reach the designated port or destination. The buyer takes ownership and responsibility once the…
Full form of KPD is Knitting Process Division. In the apparel supply chain, companies that have business in other verticals they categorize their business es in different divisions. Like textile division, garment division, knitting division, etc. Similarly, a garment export house that has knitting processing division, they call it KPD in short. The knitting processing…
The full form of POM is point of measurement. This means that the list of measurement points needs to be measured to ensure the garment measurement. The list of POMs for the inspection depends on the product type and the buyer’s quality requirement. In a garment measurement inspection sheet, a pre-defined list of POMs is…
PO stands for Purchase Order. PO is an official document outlining the expectation between the supplier and buyer. In the context of garment export orders, garment buyers send PO to a garment supplier (manufacturer). On the other hand, garment manufacturers need to source raw materials (fabrics, thread, Trims) from their suppliers. In this case, a…
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A common question asked by many when they hear the term “SMV” in meetings and read it in the production and performance reports. What is meaning of SMV? SMV stands for Standard Minute Value. SMV is also known as standard time of a task or an operation or a garment article. SMV is defined as…
When it comes quoting price of the garment to the buyer for an order, it is done either in CMT or in FOB terms. The contract may include various clauses with the FOB and CMT price. Let’s explore the difference between Cut, Make, and Trim (CMT) and Free On Board (FOB) terms in the context…
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SAM and SMV are two common terms on apparel manufacturing business. Find the full form of the same in the following. SMV stands for Standard Minute Value SAM stands for Standard Allowed Minute For an example, SAM of a dress shirt is 24 minutes. and SAM of a polo shirt is 15 minutes. Both are…
GSP in export business stands for Generalized System of Preference. GSP is one kind of Scheme of Preferential Tariff System. Under the GSP scheme, members of the World Trade Organization (WTO) reserve the right to grant any developing nation preferential or nil customs duty status. A new update, from January 1st, 2014, the European Commission…
What is the full form of NIFT? The full form of NIFT is National Institute of Fashion Technology. NIFT is a premier institution in India, established in 1986, dedicated to fashion education and research in the field of design, management, and technology for the international fashion business. NIFT offers Bachelors & Masters Programmes in Design,…
MOQ standards for Minimum Order Quantity. The unit of measure for minimum order quantity depend on the article and material type. For garments and apparel items MOQ is presented in numbers or dozens. For fabrics MOQ is measured in meters or yards. MOQ is common factor used in order placement with suppliers. When the buyer…