Just-in-Time manufacturing for the Watch Industry is Making Warehouses Obsolete

2018 is looking bright for luxury watchmakers. As the industry recovers from a few difficult years, successful brands are making changes to their operations to avoid the pitfalls that rocked the watch world in 2015 -2016. Back then, riding the boom of Asian demand, most watch companies responded in a very traditional manner: increasing production […]

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5 Ways Watch Brands Maximize Profits with FINS Cloud Based ERP

As profit margins tighten and competition heats up in the watch industry, properly managing inventory and resources is more essential than ever. The winners in the business are the brands that can lower costs, streamline operations and effectively connect employees, clients and production. ERP business management software is an integrated software solution that can manage […]

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How FINS lets Watch Brands Capitalize on the Consumer Demand for Personalization

For decades, personalized products were reserved for wealthy consumers and limited to hand-made products and niche industries. But today, personalization in the luxury sector has become an important way to attract and retain new customers. Bespoke fashion for the average consumer is no longer a luxury, it’s an expectation. Today’s consumers show less brand loyalty […]

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How FINS Solves 5 Difficult Issues Facing the Watch Industry Today
Part 5 – Not Adopting New Technologies

The internet and its associated technologies are disrupting every industry. The watch business is no exception. Online sales and upstart brands have challenged longtime industry leaders with lower overhead, new direct marketing methods and faster supply chains that are adaptable and agile to excel in an increasingly crowded marketplace. For watch brands to remain relevant […]

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How FINS Solves 5 Difficult Issues Facing the Watch Industry Today
Part 4 – Outdated Marketing

In the age of the internet, new technologies, manufacturing models, and business structures are disrupting long-held beliefs and traditional business practices across every industry. Just as the rise of online shopping caught brick & mortar retailers by surprise, legacy industries such as watchmaking are playing catch up in a world that moves faster, has more […]

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How FINS Solves 5 Difficult Issues Facing the Watch Industry Today
Part 3 – Overstock

As the watch industry recovers from several rocky years leading up to 2017, many in the business are looking back and reflecting on the lessons of the past. The industry is awash in a sea of changes: volatility in the Asian market, rising production costs, and new technologies and manufacturing models that are disrupting long-held […]

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TIMEX Group Introduces FINS Solution

TIMEX Group Introduces FINS Solution Flexible Manufacturing Solution Dramatically Increases Speed to Market and Design Flexibility For Leading Watch-Maker Middlebury, CT (November 3, 2017) TIMEX Group, a global leader in watchmaking for more than 160 years and Montrichard have entered into an agreement to implement the web based solution, FINS – a cloud based ERP […]

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How FINS Solves 5 Difficult Issues Facing the Watch Industry Today
Part 2 – Overproduction

Today, the watch industry is struggling to adapt in a complex and fractured marketplace. As with all industries coming to terms with disruption caused by the growth of ecommerce and Industry 4.0 – the current trend of automation and data exchange in manufacturing, the watch industry can no longer rely on outdated production and operation […]

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How FINS Solves 5 Issues Facing the Watch Industry Today
Part 1 – Unsustainable Growth

The watch industry is complex and many faceted. It has always faced challenges both from competition within as well as from outside market disruptions such as the ‘Quartz Crisis’ of the 1970’s & 1980’s. Then, it was upheaval caused by the explosive growth of cheaper quartz movements threatening the Swiss mechanical movement industry. Now it […]

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The FINS Solution – A cash flow generator for the watch industry

Fact: Cash flow problems are fatal to business. The research firm CB Insights recently notes that 29% of startups fail due to insufficient cash flow. Cash flow problems are cited as the 2nd most common cause of business failures. If you are wondering about the 1st most common cause, it’s a lack of demand for products. The […]

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