Category: TECHNOLOGY AND INNOVATION
Country: Bangladesh
Region: Asia
GSDCost set to achieve a minimum 2% improvement in productivity and establish robust cost efficiencies to support Fakir Fashion’s growth strategy.
By Laurena McKenna
GTS NewsDesk
03rd March 2025
NARAYANGANJ, BANGLADESH and LONDON, UK -3rd March, 2025: Coats Digital is delighted to announce that Fakir Fashion Limited, one of Bangladesh’s largest vertically integrated garment manufacturers, has adopted Coats Digital’s GSDCost solution to standardise production methods, enhance cost management, and optimise resource utilisation across its production operation. This initiative underscores the company’s commitment to improving efficiency, ensuring sustainability, and delivering superior value to global fashion brands.
Fakir Fashion Limited, headquartered in Narayanganj, Bangladesh, produces an impressive 300,000 garments daily and boasts a workforce of over 18,000 employees. The company is a trusted supplier to leading global brands, including H&M, Zara, Guess, Gina Tricot, Fynch Hatton and Tom Tailor. Fakir Fashion has been recognised with numerous awards, such as Best Supplier in Bangladesh by Inditex and Top Global Supplier by Esprit, for its excellence in innovation, sustainability, and quality.
With a vertically integrated business model and world-class infrastructure, Fakir Fashion is uniquely positioned to meet the growing demands of its customers while adhering to the highest standards of corporate social responsibility (CSR). However, challenges such as inconsistent Standard Minute Values (SMVs), underperformance due to production skill gaps, and reliance on time-intensive Excel-based processes prompted the company to seek a robust, digitized solution.
Mr. Fakir Kamruzzaman Nahid, Managing Director, Fakir Fashion Limited, explained: “As a leading supplier to global fashion brands, Fakir Fashion is committed to maintaining its leadership position by embracing innovative technologies that streamline operations, enhance competitiveness, and support sustainable practices. GSDCost will enable us to standardise our production processes, reduce dependency on manual methods, and improve the accuracy of cost predictions. This investment is a testament to our dedication to innovation, customer satisfaction, and sustainable growth. We look forward to partnering with Coats Digital to achieve our ambitious targets.”
Coats Digital’s GSDCost solution provides scientifically validated international standard time benchmarks to standardise and optimise garment production processes. This empowers manufacturers to predict costs with greater precision, improve line balancing, and eliminate inefficiencies. Fakir Fashion expects to achieve a minimum 2% improvement in overall productivity during the initial phase of implementation, with significant downstream benefits in cost savings and reduced overtime hours.
Md. Anisur Rahman Bhuiyan, Senior Sales Manager, Coats Digital, said: “We are thrilled to welcome Fakir Fashion Limited as part of our GSDCost family. The decision to adopt GSDCost demonstrates Fakir Fashion’s commitment to driving efficiency, improving transparency, and staying ahead in the highly competitive apparel manufacturing arena. We are confident that GSDCost will play a pivotal role in streamlining and optimising the company’s operations to support successful growth. Our team is dedicated to ensuring a smooth implementation and delivering measurable results tailored to Fakir Fashion’s business needs. We look forward to celebrating their success in the months ahead.”
Fakir Fashion plans to integrate GSDCost with its existing ERP system to create a seamless, centralised digital ecosystem. This will provide real-time data insights and actionable reports for all stakeholders, ensuring effective decision-making and reducing operational inefficiencies. The company’s investment in Coats Digital’s GSDCost aligns with its broader strategy to adopt sustainable, technology-driven solutions that address the evolving needs of its customers while maintaining competitive pricing and high-quality standards.
Additional Resources:
Learn more about GSDCost
About Fakir Fashion Ltd
Fakir Fashion Limited, headquartered in Narayanganj, Bangladesh, produces an impressive 300,000 garments daily and boasts a workforce of over 18,000 employees. The company is a trusted supplier to leading global brands, including H&M, Zara, Guess, GinaTricot, Fynch Hatton and Tom Tailor. Fakir Fashion has been recognised with numerous awards, such as Best Supplier in Bangladesh by Inditex and Top Global Supplier by Esprit, for its excellence in innovation, sustainability, and quality.
About Coats Digital
Coats Digital is the leading digital transformation partner for the fashion supply chain, powering sustainable processes and high value insights through connected technologies. We leverage deep industry and technology expertise to help brands and manufacturers optimise, connect and accelerate business critical processes from design and development to method-time-cost optimisation, production planning and control, fabric optimisation and shop floor execution. Used in over 3,000 factories globally, our unmatched end-to-end apparel, footwear and textile software and SaaS solutions improve agility, speed to market, efficiency, transparency and sustainability. Coats Digital - transform with intelligence. coatsdigital.com
Coats Digital is the software business of Coats Group, the world’s leading industrial thread company and a trusted industry player.
About GSDCost
GSDCost is the international standard for establishing and optimising accurate method-time-cost benchmarks for sustainable garment cost optimisation and manufacturing excellence
GSDCost supports a more collaborative, transparent and sustainable supply chain, in which brands and manufacturers establish and optimise ‘International Standard Time Benchmarks’ using standard motion codes and predetermined times. This use of a common language and standards supports accurate cost prediction, fact-based negotiation, and a more efficient garment manufacturing process, while concurrently delivering on CSR commitments.
GSDCost has been recognised for its exceptional contributions and ability to significantly revolutionise the fashion industry, by securing four awards at the International SaaS Awards 2023. A panel of independent judges chose GSDCost as the winner in the categories: Best SaaS for Improved Productivity Award (Non-USA), Best Data-Driven SaaS Product Award, Best SaaS Product for ERP/MRP Award and the Best SaaS Product for Product Analytics Award. GSDCost also won the coveted Innovation – Supply Chain Award and Environmental – Technology Award at the 2024 Just Style Excellence Awards.
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