Coats Digital, the software arm of Coats, the world’s leading industrial thread company, has launched GSDCostⱽ⁵, the latest browser-based version of the only globally recognised, time-cost manufacturing standard for apparel brands and manufacturers, according to the company.
Gary Thompson, senior director, Strategic Partnerships and Alliances, Coats Digital, comments: “As our industry begins to emerge from the Covid-19 crisis, businesses face unprecedented demand volatility and cost pressure, while consumers are increasingly holding brands to account over sustainability.
“Responding to these challenges will require greater levels of collaboration between brands and manufacturers, more accurate and transparent costings with a fair allowance for a living wage, and optimised manufacturing methods and costs.”
He adds: “I am delighted that the launch of GSDCostⱽ⁵ will play a key role in helping to support brands and manufacturers address these challenges, while also driving sustainable cost-efficiency and speed to market.”
The stand-out feature of GSDCostV5, according to Coats Digital, is the introduction of a globalised fair wage tool, which combines the international standard time for any given style, with detailed factory efficiencies, contracted hours and the fair living wage for the country in which it is implemented. This allows brands and retailers to quickly agree the fair living wage allowance for any given garment, in any factory in the world. Coats Digital says that the GSDCostV5 fair wage tool brings a new level of visibility and transparency to market-leading brands and manufacturers in discussions on time, cost, and compliance. This supports and demonstrates a commitment to fair, sustainable wages and the ethical treatment of garment workers around the world.
What’s more, GSDCostV5 launches with a native integration into the Res.Q shopfloor suite of solutions providing a real-time, digital feedback loop of actual versus standard minute value at the operation level, highlighting variances and opportunities for proactive, continuous improvement.
Res.Q is a suite of smart factory solutions designed and developed to address unique shopfloor related pain-points which are not addressed by traditional ERP solutions. Focusing specifically on shop-floor digitisation, “Res.Q transforms traditional shopfloor processes with data driven insights and real-time analytics to help organisations simplify processes, improve product quality, drive efficiency, reduce wastage, address hidden costs and ultimately improve overall profitability,” the company says.
Further integrations with Res.Q will leverage the power of digitised machine inventory and line planning. This will provide the basis for a new level of line balancing, method optimisation and faster, more detailed, and accurate capacity planning, the company continues.
GSDCostV5 supports “a more collaborative, transparent, efficient, and sustainable apparel supply chain, taking time-cost benchmarking, costing optimisation and method improvement to a new level,” Coats Digital explains. By doing this, it places people and fair wages at the heart of the recovery from the global pandemic.
For more than 40 years, GSDCost (previously GSD) has been used by brands and manufacturers to establish and optimise time-cost benchmarks for garment costing and manufacturing excellence. Recognised by the International Labour Organisation (ILO) and trusted by more than 5,000 customers in 65 countries, states Coats Digital, GSDCost is proven to optimise costs, and increase productivity and speed to market.
GSDCostV5 builds on this heritage, leveraging the latest software architecture to deliver a SaaS solution hosted in Microsoft Azure. It can be integrated with other applications and provides customers of all sizes with access to a high-performance, cost-effective, and scalable solution, from any location, with no requirement for IT expertise or infrastructure.
For further information go to www.coatsdigital.com/gsdcost.
