Wilcon Depot, the pioneer and leader in supplying finishing materials for the building industry in the Philippines, 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.
