Infor, an industry cloud company, has announced that NEFC Group, a UAE-based holding company that operates dealerships supplying machinery and heavy equipment for sectors including construction, power generation, automotive and agriculture in the Horn of Africa, has deployed Infor M3 – a powerful equipment-focused enterprise resource planning (ERP) system, to help it gain greater control of its business while raising efficiency and agility.
The markets in which NEFC operates are experiencing rapid growth. The Middle East and Africa construction equipment market is anticipated to reach US$5.4 billion by 2027, according to research from Mordor Intelligence.
The company is also looking to increase its presence in the agriculture sector, which is experiencing significant demand amid population growth averaging 3% per annum in NEFC’s areas of operation.
NEFC, which has 10 subsidiaries in countries in the horn of Africa, including Ethiopia, Djibouti, South Sudan and Somalia, has more than 1,000 employees across its operations and its Dubai-based headquarters. The company supplies heavy equipment from major brands, including Hyundai CE, Massey Fergusson, Nissan and Cummins.
Due to its broad business interests and geographic footprint, NEFC was keen to simplify its processes and gain greater control and visibility of its operations. One of the challenges was the sheer volume of diverse parts and components being sourced from numerous vendors, which was difficult for the company to keep track of. For example, the company processes thousands of transactions each month and, at any one time, it has some 28,000 items of stock in its system.
Since going live with Infor M3 in September 2022, NEFC has gained full visibility of its operations including its inventory, while automating processes including purchase orders and invoicing. The data analytics component of the dealer management system means that NEFC can collect and analyse its data, helping it better understand its own business and its markets.
“By using Infor M3, we have transformed NEFC’s operations, making previously complex, labour-intensive tasks simple and easy to execute with minimal use of human resources,” said Hussain Alamoudi, CEO of NEFC Group. “In addition, we are now gaining valuable insights about our business thanks to the system’s analytics capabilities. This all translates into a more efficient operation and means we can allocate resources to where they are needed most, which helps us serve our customers better. This level of automation is also key as we continue to expand our operations and services.”
Kerry Koutsikos, Infor Vice President and GM for Middle East and Africa, added: “By deploying Infor M3 through Infor’s Global Professional Services team, NEFC is experiencing the power of our industry-specific ERP solutions to help organisations with complex businesses across multiple jurisdictions to digitise their operations and become smarter. We look forward to a long-term relationship with NEFC as it continues its journey of improvement.”
NEFC is planning to implement Infor M3 Customer Lifecycle Management (M3 CLM), a comprehensive customer relationship management solution with equipment dealer-specific functionality that works in conjunction with Infor M3.Click below to share this article