{"id":59030,"date":"2024-06-05T11:11:01","date_gmt":"2024-06-05T08:11:01","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=59030"},"modified":"2024-06-05T11:11:25","modified_gmt":"2024-06-05T08:11:25","slug":"coats-digital-enhances-its-award-winning-gsdcost-solution","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/coats-digital-enhances-its-award-winning-gsdcost-solution\/","title":{"rendered":"Coats Digital enhances its award-winning GSDCost solution"},"content":{"rendered":"\n

Coats Digital<\/a> announced that it has developed a world-first new functionality in its award-winning, scientifically-based GSDCost<\/a> solution to enable brands to collaborate more effectively and meaningfully with vendor partners and support more sustainable and responsible growth across the fashion supply chain.<\/p>\n\n\n\n

The new functionality in GSDCost will enable brands to harness the power of scientifically-backed international standard time benchmarks based on accurate Standard Minute Values (SMVs) to create credible Bill of Labour (BOL) garment style requests, issue these to multiple vendors at the same time, and compare and contrast the various Cost-to-Make (CM) responses quickly from one platform.<\/p>\n\n\n\n

Coats Digital\u2019s GSDCost method analysis and pre-determined times solution is widely acknowledged as the de-facto international standard across the garment industry. The solution supports a more collaborative, transparent and sustainable supply chain, in which brands and manufacturers establish and optimise \u2018International Standard Time Benchmarks\u2019. This use of a scientific, common language and standards supports accurate cost prediction, fact-based negotiation, and a more efficient garment manufacturing process, while concurrently delivering on CSR commitments.<\/p>\n\n\n

\n
\"Coats
Coats Digital\u2019s GSDCost method analysis and pre-determined times solution is widely acknowledged as the de-facto international standard across the garment industry Image Source: COATS<\/figcaption><\/figure>\n<\/div>\n\n\n

GSDCost\u2019s enhanced feature of a globalised Fair Wage Tool – with data provided by the Fair Wage Network also enables brands and manufacturers to quickly agree the fair living wage allowance for any given garment, in any factory in the world.<\/p>\n\n\n\n

Stuart McCready-Stocks, Brands Commercial Director, Coats Digital,<\/strong> said: \u201cWe have listened carefully to what our brand customers have been saying about the challenges they face trying to collaborate more effectively and meaningfully with suppliers whilst securing more accurate CM quotes based on a standardised set of criteria. We have consequently worked hard to develop a set of unique, brand-focussed features in GSDCost, which will enable brands to Create, Collaborate and Compare credible BOL estimates using the same language and means of assessment for all vendors across their value supply chains. Brands have never before been able to create multiple sourcing routes so quickly or compare vendors with the same degree of impartiality and clarity based on the same scientifically-anchored criteria and we expect this powerful tool will be a real game-changer for brands in the years to come.\u201d<\/p>\n\n\n\n

The new Create, Collaborate <\/strong>and Compare <\/strong>elements in GSDCost will ultimately give brands the robust data insights they need to create a master overview of the productivity outputs, machinery capabilities ethical compliance and fair wage practices of each of their vendor partners. Using a set of specific departmental SMV metrics including Cutting, Machining, Inspection, Pressing and Packing, brands will consequently be able to drill down into specific BOL discrepancies between vendors, factoring in whether one vendor has perhaps more advanced machinery or increased automation, for example, or another has more expensive, but better sustainability and fairer wage practices. This will also significantly help brands quickly ascertain which vendors fall short of new global compliance rules and which suppliers they would like to work more closely with.<\/p>\n\n\n

\n
\"Coats
Coats Digital will enable brands a more efficient, transparent and sustainable collaboration with vendor partners by enhancing GSDCost with new costing excellence functionality for brands Image Source: COATS<\/figcaption><\/figure>\n<\/div>\n\n\n

\u201cOff the back of climate disasters, economic uncertainties, geopolitical unrest and high inflation, brands and fashion retailers continue to face significant challenges with a slew of new regulatory EU and US regulations set to mandate stringent, compliance measures around sustainability and fair wages that will ultimately make them much more accountable for the working practices of their vendor partners, adds Stuart McCready-Stocks. \u201cThis new, powerful tool within GSDCost, backed by the Fair Wage Network and the  International Labour Organisation (ILO), therefore, could not have come at a better time, since we can now help brands foster a much more transparent and collaborative relationship with all their supply partners –  not only ensuring best working practices in general, but also meeting new industry compliance challenges – together.\u201d<\/p>\n\n\n\n

Customer Testimonials:<\/strong><\/h2>\n\n\n\n

Nitin Kumar, Technical Lead, C&A Sourcing Asia:<\/strong> \u201cThrough standardised time, method, cost and time management methodology, GSDCost will bring robust transparency to C&A\u2019s sourcing process so it can collaborate effectively with partners to support more sustainable growth.\u201d<\/p>\n\n\n\n

Sampath De Silva, Administrator, ODLO Romania S.R.L:<\/strong> \u201cCoats Digital\u2019s GSDCost is the only solution that provides scientifically-assessed code generation analyses for various production tasks, and it was the obvious choice to ensure we could achieve rigorous, consistent data insights that would ultimately make a significant impact to our efficiency and profitability. GSDCost has enabled us to efficiently establish accurate SMVs based on method engineering, and as a result, we have reduced our SMVs on core styles by 13% and improved overall productivity by a whopping 10%.\u201d<\/p>\n\n\n\n

Yasemin G\u00fcr Solmaz, Board Member, G\u00fcrmen Group:<\/strong> \u201cOur company, which exports to 25 countries around the world, is always open to collaborations with solutions compatible with the goal of producing quality and valuable products based on innovation. We believe Coats Digital\u2019s GSDCost solution will add value to our efficient resource and performance management strategy for a fast, competitive, uninterrupted, efficient and data-driven lean manufacturing business model.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Coats Digital announced that it has developed a world-first new functionality in its award-winning, scientifically-based GSDCost solution to enable brands to collaborate more effectively and meaningfully with vendor partners and support more sustainable and responsible growth across the fashion supply chain. The new functionality in GSDCost will enable brands to harness the power of scientifically-backed […]<\/p>\n","protected":false},"author":8,"featured_media":59022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12428],"tags":[11074,16285,10369,12450],"class_list":{"0":"post-59030","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-advertorial","8":"tag-coats-en","9":"tag-coats-digital-2","10":"tag-textile-news-en","11":"tag-topical"},"yoast_head":"\nCoats Digital enhances its award-winning GSDCost solution - Textilegence<\/title>\n<meta name=\"description\" content=\"Coats Digital announced that it has developed a world-first new functionality in its award-winning, scientifically-based GSDCost solution...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.textilegence.com\/en\/coats-digital-enhances-its-award-winning-gsdcost-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coats Digital enhances its award-winning GSDCost solution\" \/>\n<meta property=\"og:description\" content=\"Coats Digital announced that it has developed a world-first new functionality in its award-winning, scientifically-based GSDCost solution to enable brands\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.textilegence.com\/en\/coats-digital-enhances-its-award-winning-gsdcost-solution\/\" \/>\n<meta property=\"og:site_name\" content=\"Textilegence Magazine and Digital Platform\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-05T08:11:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-05T08:11:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2024\/06\/Coats_1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fatih Cengiarslan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/textilegence\" \/>\n<meta name=\"twitter:site\" content=\"@textilegence\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fatih Cengiarslan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/coats-digital-enhances-its-award-winning-gsdcost-solution\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/coats-digital-enhances-its-award-winning-gsdcost-solution\\\/\"},\"author\":{\"name\":\"Fatih Cengiarslan\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#\\\/schema\\\/person\\\/1c3977109f8a6e1e2b95678836d75cb7\"},\"headline\":\"Coats Digital enhances its award-winning GSDCost solution\",\"datePublished\":\"2024-06-05T08:11:01+00:00\",\"dateModified\":\"2024-06-05T08:11:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/coats-digital-enhances-its-award-winning-gsdcost-solution\\\/\"},\"wordCount\":864,\"publisher\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/coats-digital-enhances-its-award-winning-gsdcost-solution\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Coats_1.jpg\",\"keywords\":[\"coats\",\"coats digital\",\"textile news\",\"topical\"],\"articleSection\":[\"Advertorial\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/coats-digital-enhances-its-award-winning-gsdcost-solution\\\/\",\"url\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/coats-digital-enhances-its-award-winning-gsdcost-solution\\\/\",\"name\":\"Coats Digital enhances its award-winning GSDCost solution - 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The platform provides news, articles, and updates on various aspects of the textile industry, including sustainability, technological advancements, and market trends.","email":"editor@textilegence.com","telephone":"+90 212 442 24 12","legalName":"Textilegence Mag and Digital Platform","foundingDate":"2013-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.textilegence.com\/en\/#\/schema\/person\/1c3977109f8a6e1e2b95678836d75cb7","name":"Fatih Cengiarslan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","url":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","contentUrl":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","caption":"Fatih Cengiarslan"},"description":"Fatih Cengiarslan; Akademik \u0130ngilizce e\u011fitimini Bat\u0131 Avustralya \u00dcniversitesi\u2019nde tamamlad\u0131ktan sonra T\u00fcrkiye\u2019ye d\u00f6nerek \u0130stanbul Ayd\u0131n \u00dcniversitesi\u2019nde \u0130nternet Gazetecili\u011fi ve Yay\u0131nc\u0131l\u0131k b\u00f6l\u00fcm\u00fcn\u00fc bitirip, Litvanya \u2013 Kaunas Teknoloji \u00dcniversitesi\u2019nde interaktif media \u00fczerine 8 ayl\u0131k e\u011fitim ald\u0131. Daha sonra Eski\u015fehir Anadolu \u00dcniversitesi girerek \u0130\u015fletme Fak\u00fcltesini ba\u015far\u0131yla tamamlad\u0131. 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