MANILA, PHILIPPINES--(Marketwired - Jun 20, 2016) - Wilcon Depot, the pioneer and leader in supplying finishing materials for the building industry in the Philippines, announced today that it has achieved an inventory reporting accuracy rate of 99.9 percent since implementing Infor enterprise solutions into its inventory management processes last year. By partnering with Infor, the industry leader has also increased its store locations by 275 percent, reduced dead stock by 5 percent, and achieved an annual growth of 15 percent.
With more than three decades of expertise in the construction industry as a one-stop retail shop, Wilcon Depot has grown to be a household name known for its convenient air-conditioned stores, delivery service and commitment to excellent service. Infor solutions that Wilcon has implemented to best harness efficiencies and achieve greater cost-effectiveness include Ming.le, a comprehensive platform for social collaboration, business process improvement, and contextual analytics, and Infor M3, a comprehensive ERP solution designed for companies that make, move, or maintain products.
Since implementation, Wilcon Depot has been able to streamline its automated processes, minimize customizations by using standard M3 functionalities and removing the majority of previous in-house modifications, maximize the benefits of an integrated system where financial reporting comes straight from the M3 General Ledger, and build a solid foundation to optimize their operations, with an ability to scale to meet their business growth.
"We are continuously innovating, and our investment in technology has proven a tremendous success in driving business growth and enhancing customer service. By creating a clearer view into our inventory, Infor has helped us to not only reduce dead stock, but also to rationalize our product offerings to customers, and we are now in a better position to optimize the profitability of operations," said Rose Ong, SEVP-COO, Wilcon Depot, Inc.
In addition to increased sales and enhanced customer service, Wilcon Depot has also benefited from reduced supply chain costs. By making earlier payments to suppliers who have a higher demand for cash and liquidity, Wilcon has received increased trade discounts. These savings can then be reinvested into Wilcon's high-growth business model.
"At Infor, we are committed to providing innovative solutions that make sense for a client's particular business needs and that help them tap into resources more efficiently. With Wilcon, we have been able to leverage the power of greater visibility, flexibility and more efficient forecasting through new mobile and digital platforms that are both intuitive and that promote collaboration. Infor's social collaboration technologies enable more work to get done now in new ways -- Wilcon is further equipped to harness vital corporate knowledge over shorter response times to attain their business objectives," said Helen Masters, Vice President & Managing Director, South Asia - ANZ & ASEAN.
About Wilcon Depot
Started as a small hardware store in 1977, Wilcon Depot is currently the country's leader in the retail construction supply industry. The company is the home of the most trusted local and globally recognized brands and offers complete homebuilding merchandise to serve the needs of industry professionals and home enthusiasts. At this point, Wilcon has been a household name with its 34 stores, strategically located in Metro Manila and provinces across the country, offering reliable service to customers. See and learn more about Wilcon by visiting www.wilcon.com.ph.
Infor builds beautiful business applications with last mile functionality and scientific insights for select industries delivered as a cloud service. With 14,000 employees and customers in more than 200 countries and territories, Infor automates critical processes for industries including healthcare, manufacturing, fashion, wholesale distribution, hospitality, retail, and public sector. Infor software helps eliminate the need for costly customization through embedded deep industry domain expertise. Headquartered in New York City, Infor is also home to one of the largest creative agencies in Manhattan, Hook & Loop, focused on delivering a user experience that is fun and engaging. Infor deploys its cloud applications primarily on the Amazon Web Services cloud and open source platforms. To learn more about Infor, please visit www.infor.com.
Infor customers include:
- 18 of the top 20 aerospace companies
- 10 of the top 10 high tech companies
- 10 of the top 10 pharmaceutical companies
- 21 of the 25 largest U.S. healthcare delivery networks
- 18 of the 20 largest U.S. cities
- 20 of the top 20 automotive suppliers
- 17 of the top 20 industrial distributors
- 15 of the top 20 global retailers
- 4 of the top 5 brewers
- 21 of the top 30 global banks
- 6 of the 10 largest global hotel brands
- 6 of the top 10 global luxury brands