Dice chose to adopt GSDCost in early 2022, to help it overcome a series of cost, scheduling and manufacturing inefficiencies. The company found that subsequent capacity planning and order cost quotations were not based on accurate data, but rather on historically recorded experiences via Excel spreadsheets and emails. Without a standardized benchmark to record accurate SMVs at the production site, Dice therefore had no way of verifying whether its plan/cost targets reflected the reality of its manufacturing processes, Coats said in a press release.
Coats Digital has announced that following the successful deployment of the first phase of Coats Digital’s GSDCoost solution, Egyptian award-winning knitwear manufacturer, Dice Sports and Casual Wear, has already achieved a 16% increase in efficiency. of its production lines and reduced its basic style. Standard minute values (SMV) of 11%.
Without Plan Vs. Actual Data on board, capacity plans often did not match the reality on the shop floor. The lack of a standardized method across all of its manufacturing units has consequently resulted in varying production costs and efficiencies, inconsistent line layouts and balancing in the workshops, and lower productivity, which has had a negative impact on ODTP targets and overall profitability.
An open and transparent production capacity platform also allowed Dice Sports & Casual Wear management to set achievable productivity goals based on a fair working hours standard. The company hopes that the introduction of achievable performance incentives will make the workforce more satisfied and motivated, as the goals set are now based on achievable targets.
Coats Digital’s GSD cost analysis method and pre-determined lead time solution is widely recognized as the de facto international standard in the sewn products industry. The solution supports a more collaborative, transparent and sustainable supply chain, in which brands and manufacturers establish and optimize “international standard time benchmarks” using standard movement codes and pre-determined times. This use of a common language and standards allows for accurate cost forecasting, fact-based negotiation and a more efficient garment manufacturing process, while meeting CSR commitments.
Coats Digital’s enhanced feature of a globalized Fair Wage tool combines international standard time for a given style, with detailed factory efficiencies, contract hours and living wage for the country (data provided by the Fair Wage Network ). This additional tool allows brands and manufacturers to quickly agree on the living wage allowance for a given garment, in any factory in the world.
“GSDCost is part of the first phase of our digital transformation plan, and we are delighted to have successfully completed the first stages of implementation. By having accurate SMV data, we will be able to reduce non-value activities added value, improve cost accuracy and ultimately improve efficiency and profitability. We look forward to using the software to help optimize processes across our business across our departments. production, planning and finance”, Seif Toma, COO, Dice Sports & Casual Wearsaid.
“It’s great news that Dice has achieved such strong efficiency results in the first phase of its GSDCost implementation. The company has already seen a return on its investment in the solution within five months and is expected to significantly increase its bottom line by the end of the year. Dice Sports & Casual Wear is the leading exporter of quality knitted garments in Egypt, and we look forward to working in partnership with this award-winning company to ensure they continue to drive efficiencies, profitability and best practices. hard work so that she always stays one step ahead of the game,” Sherif Abdelafatah Amin, Director of Sales, Middle East and Africa, Coats Digitalsaid.
Fibre2Fashion Information Desk (GK)