Thai Sock has introduced Coats Digital’s FastReactPlan solution to capitalise on the growing trend for more unusual socks and anticipates the roll out of the new software will secure a 200% return on investment within the next year.
The Coats Digital FastReactPlan aims to streamline business critical information into a single digitised source and optimise data visibility across yarn and knitting plan teams. Coats Digital explains this increases production efficiencies and accelerates risk assessment as well as overall decision making.
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Coats Digital says its software will connect and consolidate Thai Sock’s capacity planning information across disparate sources into one highly visual and unified system. Plus, it will enable the company to effectively synchronise its yarn and knitting capacity plans so it can accurately track sock production on the factory floor, assess and mitigate challenges quickly and improve decision making on the fly, so that it can capitalise on a growing market trend for smaller, more varied order assortments.
Thai Sock Co., deputy managing director Alisara Vichaiwatanapanich highlighted the main challenge was with the planning and visibility of capacity plans across the yarn and knitting teams.
Vichaiwatanapanich explained: “With multiple disconnected spreadsheets, which were time consuming to create and complex to compare and assess, we lacked an accurate tracking process to affectively confirm yarn lots against sock production which meant a significant disconnect between higher and lower levels of production. By removing our reliance on cumbersome Excel spreadsheets, FastReactPlan will enable us to greatly increase the speed and accuracy of production planning, tracking and order confirmation processes so that we can assess and resolve problems quickly, make informed decisions effectively from the start and ensure we can capitalise on greater demand for smaller, more complex orders.”
Coats Digital sales manager Thailand Piyanit Meesang added: “We are delighted to have partnered with Thai Sock to ensure it can establish robust best practice planning processes across the business. FastReactPlan will provide greater visibility and one version of the truth for all its capacity planning teams, so it can easily optimise efficiencies and eradicate problems quickly, and we look forward to helping it future proof its business effectively to ensure it retains its enviable status as one of the world’s leading sock producers.”
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By GlobalDataThai Sock is described as the largest vertically integrated sock manufacturer in Thailand and a leading Asian sock supplier to well-known global brands such as NIKE, Paul Smith, Converse, M&S. Charles Tyrwhitt, Oakley and Bloch. The company also manufactures headbands, wristbands and textured nylon and polyester yarns. The company has manufacturing facilities in Vietnam and China as well as large distribution centres in the UK and China.
It was designed and developed specifically for footwear and apparel manufacturing factories to provide a visual production planning and control tool that optimises delivery, efficiency and lead times.
