Fakir Fashion Limited, a major garment manufacturer in Bangladesh, implements the GSDCost solution from Coats Digital to boost productivity and optimize cost management as part of its growth strategy.
Coats Digital has announced that Fakir Fashion Limited, one of Bangladesh’s largest vertically integrated garment manufacturers, will implement the GSDCost solution to enhance productivity and cost management across its operations. This partnership aligns with Fakir Fashion’s growth strategy and its firm commitment to innovation and sustainability within the textile sector.
Fakir Fashion, located in Narayanganj, Bangladesh, is notable for its capacity to produce approximately 300,000 garments each day and employs over 18,000 individuals. The company serves major global fashion brands such as H&M, Zara, Guess, Gina Tricot, Fynch Hatton, and Tom Tailor, reflecting its reputation in the industry. Fakir Fashion has received numerous accolades for its performance, including being recognized as Best Supplier in Bangladesh by Inditex and a Top Global Supplier by Esprit, which highlight its dedication to quality, innovation, and sustainable practices.
The move to adopt GSDCost arises from several operational challenges, including inconsistent Standard Minute Values (SMVs), skill gaps among production staff, and an overreliance on time-consuming Excel-based processes. In response to these issues, the company is investing in a digitized solution aimed at standardizing production methods and optimizing resource use.
Mr. Fakir Kamruzzaman Nahid, Managing Director of Fakir Fashion Limited, stated, “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.” Nahid emphasized that this investment reflects their dedication to innovation, customer satisfaction, and sustainable growth, expressing eagerness for the partnership with Coats Digital.
Coats Digital’s GSDCost solution is designed to provide scientifically validated international standard time benchmarks, which help manufacturers standardize and optimize garment production processes. The implementation is expected to yield at least a 2% improvement in overall productivity, alongside significant cost savings and reduced overtime hours.
Md. Anisur Rahman Bhuiyan, Senior Sales Manager at Coats Digital, also remarked on the partnership, saying, “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.” He further expressed confidence that GSDCost would significantly streamline the company’s operations, affirming the commitment of Coats Digital to ensure a smooth implementation process.
Fakir Fashion intends to integrate the GSDCost solution with its existing ERP system, creating a centralized digital ecosystem that will facilitate real-time data insights and actionable reporting for all stakeholders. This strategic move aligns with the company’s overarching goal to adopt contemporary, technology-driven solutions that meet customer demands while upholding competitive pricing and high-quality outputs.
Source: Noah Wire Services
