SUPPLY CHAIN and I can see fantastic opportunities down the line to do much more work with our suppliers . It will facilitate integration with their own systems , and a greater level of catalogue buying and even supplier controlled inventory , refinements not supported by the legacy MRP system .”
Having replaced the UK ’ s 5 and 10 pence pieces , the Mint is now preparing for its next big job , upgrading the flagship coin of the United Kingdom : 2017 sees the launch of a new £ 1 coin . For the Mint this entails taking around 1.6 billion old coins out of circulation and replacing them with new ones in very short order . Designed by a talented 15 year old ( and to those who can remember remarkably like an old threepeny bit ) this is a high tech coin that incorporates the ultimate in security , a new high security feature perfected by The Royal Mint .
With electronic readability and specialised plating even apparently simple coins are turning into complex manufacturing . “ It is the most secure coin ever produced , with the latent security features that are going into it . We are excited about it but it is a big supply chain challenge ,” said Bowles . It is not the only one though . Next year a visitor centre , with catering facilities , exhibitions , interactive displays and even tours round the Mint will be opened at Llantrisant . Given the mystique surrounding The Royal Mint it will doubtless attract millions . “ It will be a big success and another challenge for my team . We have not been involved in retail but now we will have a shop to stock !”
Company Information
INDUSTRY
SUPPLY CHAIN
HEADQUARTERS
Llantrisant , Wales
FOUNDED
886 AD
EMPLOYEES
1000
REVENUE
£ 260 million
PRODUCTS / SERVICES
Coin and medal manufacturing
www . royalmint . com 101