07 July 2022, Mumbai:
Retail powerhouse, The Foschini Group (TFG) realises productivity improvements of 12.8% with Coats Digital’s GSDCost.
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Coats Digital is delighted to announce that following the adoption of Coat Digital’s GSDCost solution, leading South African retailer, The Foschini Group (TFG), has significantly improved the Standard Minute Value (SMV) and increased productivity by 12.8% on its initial trial of just one core garment style.
The retailer selected GSDCost to leverage international method-time standards for fact-based, transparent garment costing to support sustainable supplier relationships and optimise manufacturing time and cost processes within the group’s factories.
Established in 1924, TFG is one of the leading retail brands in South Africa, with a workforce of over 34,000 and more than 4,300 outlets located in 32 countries, on five continents across the globe.
The group is comprised of 31 retail brands that offer a variety of lifestyle products for men and women, including: clothing, jewellery, mobile phones, accessories, cosmetics, sports apparel, homeware and furniture – ranging from value to luxury segments.
TFG is committed to finding innovative ways to deliver on business imperatives, while maintaining a sustained focus on its responsibilities towards environmental, social and corporate governance within the business itself, and to ensure an optimised and more sustainable supply chain overall.
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CREDITS: Reuters
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