Coats plc, the world\u2019s leading industrial thread and consumer textile crafts business, and GSD (Corporate) Ltd are pleased to announce an important strategic alliance.\u00a0 GSD, a UK based company, supplies expert management solutions that analyse time, cost and production capability in the sewn products sector with the focus on maximising productivity and controlling costs.<\/p>\n
Coats and GSD will collaborate on offering their respective management solutions to maximise productivity and drive down costs in the manufacturing sector, with GSD providing time-cost benchmarking and Coats offering consulting and technical production expertise, for retailers, brands and their supply chain vendors. \u00a0A key element in this process will be to analyse working methods and manufacturing procedures, including machinery and associated equipment requirements, to provide internationally accepted and globally recognised GSD based Standard Minute Values (SMV).\u00a0 The SMV is invaluable to brands and manufacturers worldwide as it facilitates fact based decisions on multiple aspects of production, including unit cost, production targets, operator performance, factory efficiency, wage levels, location and ethical sourcing, as well as identifying thread demand and highlighting potential improvements in productivity.<\/p>\n
Paul Forman, Group Chief Executive, Coats plc, said: \u2018GSD is an innovative company and a world leader in its field of expertise.\u00a0 This strategic alliance further strengthens the position of Coats Global Services by providing a valuable addition to the portfolio of products and services we are able to offer our customers.\u2019<\/p>\n
Paul Timson, Managing Director, GSD (Corporate) Ltd, said: \u2018This is an important strategic step for GSD and we are delighted to be working with Coats, which is a recognised global leader. \u00a0This alliance provides further recognition of our world leading management solutions and consolidates GSD\u2019s position as the accepted international standard in work measurement and productivity improvement.\u00a0 The combination of GSD\u2019s specialist technical knowledge, data integrity and industry experience married to the global reach, industry stature and consulting expertise of Coats, creates a unique and exciting offering.\u2019<\/p>\n
Coats Global Services was launched in response to customer demands to help them achieve operational excellence across manufacturing, sourcing and colour management.\u00a0 It provides technical services, consulting, training, accreditation and technology solutions.\u00a0 Once GSD\u2019s management solutions have defined and predicted manufacturing methods and labour costs for brands and manufacturers, Coats Global Services can then collaborate with them on how to optimise production and speed to market.<\/p>\n
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