Coats Digital, a technology provider empowering the fashion supply chain through a digital ecosystem, has announced that Panam group has been able to increase their forward plan visibility from 3 to 12 months with Coats digital solution, FastReactPlan. Panam, headquartered in Dhaka, Bangladesh, has grown into a world-class knit garment manufacturer.
FastReactPlan is the market leading production planning solution, designed and developed specifically for apparel and footwear manufacturers and used successfully in over 2,000 factories and 40 countries around the world. It is fast to implement, intuitive to use and proven to deliver significant and measurable improvements in delivery, productivity, inventory, speed and cost, driving a return on investment of less than 12 months. Nice group, Esquire Knit, and Epyllion are some of the top manufacturers using FastReactPlan to optimise, connect and accelerate their production planning, according to Coats.
Using the pull system principle, FastReactPlan automatically creates detailed schedules for Panam from yarn dyeing to finished goods packing considering style and colour variations and generates accurate T&A target dates based on the production plan.
The planners at Panam now have clear visibility of the load vs capacity for each machine group / production process well in advance so they can ensure that sewing demand is achievable and any potential problems can be reviewed during weekly production meetings to ensure staff are proactive rather than reactive.
“It has become much easier to understand buyer trends, factory loading, plan versus actual and overall production status. We have managed to increase our capacity utilisation by as much as 50 per cent and improve efficiency by 3 per cent as FastReactPlan is giving us the required visibility. This means we have reduced our order confirmation process too by being able to consider open capacity much quicker,” Balaram Roy Chowdhury, executive director, Panam.
“Using FastReactPlan’s high level capacity planning board we were able to plan all projection and confirmed orders to the relevant units based on customer, product type and material availability. We can now forecast more accurately for the next 6-12 months whereas earlier on Excel, we were able to manage a maximum three month’s loading. FastReactPlan’s detailed sewing line level planning board gave us the visibility of continuing planning similar product types which drastically improved efficiency,” Rubel Kanta Deb, senior manager, central planning Panam said.
Fibre2Fashion News Desk (GK)