Quintiq, a Dassault Systèmes company and global leader in supply chain planning and optimization (SCP&O), announced today that its software will be used to support PANDORA's capacity expansion program. PANDORA, the world's largest jewelry manufacturer by production volume, aims to have doubled its production capacity from 2015 level to end of 2019 to meet rising consumer demand from 7,800 points of sale in more than 100 countries where its products are sold.
PANDORA will implement Quintiq for tactical and operational production planning in its three crafting facilities in Thailand, where around 88% of their jewelry was produced in 2017. The Quintiq solution will enable PANDORA to optimize its production planning, which will play a key role in improving utilization of existing and future production capacity, and increase productivity.
"With Quintiq's advanced planning system supporting our capacity expansion program, we will be able to scale up manufacturing capacity, increase our efficiency and increase agility to satisfy the demands of our valued customers," says Thomas Touborg, SVP Group Operations of PANDORA.
New production capabilities to support retail expansion and increased demand
It is a constant challenge for PANDORA to meet the demand from its increasing number of retail stores. The company added 376 PANDORA owned concept stores last year, bringing the total to over 2,400 stores. It recently launched its Chinese eSTORE, together with Tmall.com by China's Alibaba Group.
PANDORA produces more than 117,000,000 pieces of jewelry yearly distributed cross approximate 1,500 designs and launching more that 500 new designs every year to fulfil product campaigns and seasonal demand each year. The Quintiq solution will optimize utilization of production equipment as well as human resources by ensuring that the specialized craftsmen have the correct mix of skills to execute the planned production. The solution will provide the agility needed to achieve high utilization and on-time delivery while considering peaks in seasonal customer demand. By doing so, Quintiq will support PANDORA in significantly reducing production lead time enabling them to serve the market with exciting new products faster, keeping up with demand spikes and build customer interest in its modern jewelry.
"We are proud to work with a global brand like PANDORA," said Rob van Egmond, Quintiq CEO. "Quintiq will support PANDORA's growth and market ambitions with a solution that aligns with its lean production efforts and can scale up to meet increasing demand. We are confident that PANDORA will soon be reaping the business benefits of its strategic capacity expansion program."
PANDORA designs, manufactures and markets hand-finished and contemporary jewelry made from high-quality materials at affordable prices. PANDORA jewelry is sold in more than 100 countries on six continents through approximately 7,800 points of sale, including more than 2,400 concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 27,300 people worldwide of whom approximately 13,200 are located in the three crafting facilities in Thailand, where the company manufactures all its jewelry. PANDORA is publicly listed on the NASDAQ Copenhagen stock exchange in Denmark. In 2017, PANDORA's total revenue was DKK 22.8 billion (approximately EUR 3.1 billion). For more information, please visit pandoragroup.com.
Every business has its supply chain planning puzzles. Some of those puzzles are large, some are complex and some seem impossible to solve. Since 1997, Quintiq has been solving each of those puzzles using a single supply chain planning and optimization software. Today, industry-leading companies across the globe rely on Quintiq software to plan and optimize workforces, logistics and production. Quintiq is part of Dassault Systèmes (Euronext Paris: #13065, DSY.PA) and has headquarters in the Netherlands and the USA, and offices around the world.
For more information, visit quintiq.com or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.