One of the global front runners in watchmaking has teamed with Montrichard to implement a newly-devised web-based solution.
The Timex Group has now unveiled FINS, a cloud based ERP and turnkey supply chain tool that enables micro-merchandising and micro-manufacturing best practices to optimise the supply chain for selected brands of the Timex Group.
The FINS solution for the watch industry will provide end-to-end optimisation and create a demand-driven supply chain solution that reduces costs, streamlines procurement, and significantly reduces time to market.
“The new FINS solution gives us the ability to continue to build our lead in style and function, with greater perfection of our craft and increased speed to market,” commented Tobias Reiss-Schmidt, president and CEO of the Timex Group.
Remi Chabrat, CEO of Montrichard, added: “With our cutting edge solution they will have greater speed and flexibility in the supply chain, allowing them to produce any size order for existing or new watches in days rather than months. It’s revolutionary for the watch industry.”
The first made-to-order production line will be ready for use by the end of November 2017 and the sales teams for certain Timex Group divisions will begin using the FINS cloud-based web interface to dynamically customise offers and to triggers specific production orders ranging from a few pieces to several thousands from the beginning of 2018.