GSDCost Set to Achieve a Minimum 2% Improvement in Productivity and Establish Robust Cost Efficiencies to support Fakir Fashion’s Growth Strategy.
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.
