Coats Digital’s innovative GSDCost solution has been recognized for its contributions to sustainability and compliance by winning two prestigious awards at the Just Style Excellence Awards.

Coats Digital, the software division of Coats Group, has achieved significant recognition at this year’s Just Style Excellence Awards, securing two prestigious honors: the Innovation – Data Solutions Award and Environmental – Compliance & Sustainability Award for its time-cost benchmarking solution, GSDCost. This recognition highlights GSDCost’s innovative capabilities in transforming the costing processes within the fashion supply chain while promoting sustainability and compliance with global standards.

The Just Style Excellence Awards, organized by GlobalData, serve as an independent platform to honor companies for their achievements across various sectors, analyzing over a billion datasets throughout the year to identify leaders in more than 200 countries. The award categories include Business Expansion, Diversity, Environmental measures, Innovation, and other critical areas.

GSDCost has garnered praise for its ability to rejuvenate fashion supply chain costing through methods that enhance transparency, support fair wages, and uphold sustainable practices. Kunal Kapur, Managing Director of Coats Digital, expressed pride in the recognition, stating, “We are incredibly proud to have GSDCost recognised once again with two prestigious Just Style Excellence Awards.” He emphasized that the solution is imperative for enabling businesses to make informed and sustainable decisions within the industry.

Significant elements contributing to GSDCost’s receipt of the Innovation – Data Solutions Award include its introduction of unique functionalities that allow brands to efficiently source and compare Cost-to-Make submissions from multiple vendors, thus streamlining the decision-making process. Additionally, the development of a standardized analytics language facilitates improved communication and collaboration across the global fashion supply chain. Advanced data insights equip brands with an understanding of vendor productivity and ethical compliance, further aiding strategic decision-making.

GSDCost was also acknowledged for its capacity to enable brands with the creation of credible labor cost estimates using scientifically-backed international time standards, enhancing the accuracy of cost predictions. By digitizing the previously analog costing processes, GSDCost considerably improves the efficiency of these operations.

In securing the Environmental – Compliance & Sustainability Award, GSDCost’s significant contributions toward regulatory compliance on issues surrounding sustainability and fair wages were highlighted. The solution promotes sustainable manufacturing practices through better planning and line balancing, which minimizes waste and boosts resource efficiency.

The tool’s Fair Wage Tool, which benchmarks wages to international standards, underscores Coats Digital’s commitment to ethical labor practices. It also assists in reducing Standard-Minute-Values (SMVs), aiming to improve sustainability credentials and lessen environmental impacts, thereby ensuring alignment with global Environmental, Social, and Governance (ESG) criteria.

Adrian Elliott, CEO of Apparel at Coats Group, stated that the consecutive recognition emphasizes GSDCost’s transformative influence on the global fashion sector. He noted, “By replacing outdated manual processes with a digital, standardized approach to costing and compliance, GSDCost is helping businesses enhance efficiency, reduce waste, and ensure ethical, transparent operations.”

GSDCost’s method analysis is widely recognized as an international standard within the sewn products industry, facilitating a collaborative, transparent, and sustainable supply chain. By establishing and optimizing ‘International Standard Time Benchmarks’, the platform employs standard motion codes and predetermined times to ensure accurate cost predictions and effective negotiations.

Overall, Coats Digital’s GSDCost stands at the forefront of driving innovation and fostering ethical practices within the fashion industry, setting a benchmark for future developments in supply chain management.

Source: Noah Wire Services