I saw a LinkedIn share by Ram Sareen about this new book 'The Guide to Cost-to-Value Analysis' by David Birnbaum and Emma Birnbaum. I clicked the article link to read about this book and I reached the just-style website page. From there I got the Amazon page link for this book.
After going through few pages of this book (free sample download of the ebook and free page views of the paperback on the amazon store), I found this would be a very interesting read for the apparel business.
So, I am sharing this book with you. You might be found this book a helpful and interesting read. Though the author has not mentioned the industry name in the book title, it is assumed that he talks about the apparel and the fashion industry.
You can also read about the authors on the back cover page. You can learn more about the author on https://birnbaumandfather.com/ and read his blogs and monthly reports.
Images: Book cover images taken from amazon.com
Buy this book from Amazon Store
What is there inside the book?
I have not yet read the full book. I wanted to learn more about the book and found the back cover texts on Amazon (book introduction) and I get a chance to read a few free pages of the book on Amazon (look inside). Read the below to learn what authors have covered inside this book in their own words. I have copied the following text from the amazon online store.
Welcome to the world of COST-TO-VALUE ANALYSIS.
Our industry faces an existential problem. The decisions we make do not lead to the results we expect.
The tools we use to make our decisions no longer work.
Why do retailers and brands beat up their factories to save pennies when they could instead work together to save dollars?
Why do they choose which factories to work with using 10, 20 or even 50 factors, when only one factor is important?
Buyers simply need to work with the factory where they make the most money.
Why do the factories still believe that low FOB price will save them when in fact success depends on moving from product maker to service provider?
Why do factories not recognize that in this new consumer-driven industry, their survival will depend on greater compliance and sustainability?
Our industry needs a new toolbox. Every decision has a cost and at the same time, every decision should provide added value.
This book will ensure that the decisions you make bring lower costs and greater profit.