Question: Does the company have a method for isolating labour cost?
Answer:
Yes, Other
11515522
Clean Clothes Campaign
Isolating Labour Cost
2020
Unverified - Added by Steward
updated over 2 years ago by Aileen Robinson

Stanley/Stella uses what they call an open cast process. In the Fair Wear Foundation 2019 Brand performance check, this process is described as follow. For each product, the brand is aware of the cost of raw material, labour minutes and in general, has an understanding of the costs of every department at the factory. The labour costs indicated by the factory where found logical are fixed and are not discussed or negotiated. The brand uses an excel based price simulator to evaluate and arrive at price changes. For example, when the minimum wage went up in Bangladesh the brand already discussed and agreed on a new increased price with their suppliers. Laureen van Breen[https://wikirate.org/Laureen_van_Breen].....2020-04-10 18:47:12 UTC Stanley/Stella says it uses open costing models to determine and isolate the cost of labour in price negotiations with suppliers. Clean Clothes Campaign[https://wikirate.org/Clean_Clothes_Campaign].....2020-06-04 08:15:03 UTC

Aileen Robinson.....2022-02-01 09:50:42 UTC