Splash Corporation is a consumer goods company based in the Philippines. It produces and markets a wide range of personal care and household products such as skin care, hair care, and laundry detergents under various brand names such as Maxi-Peel, SkinWhite, and Biolink.
With over 30 years of experience in the industry, Splash Corporation is committed to providing quality products that meet the needs of its diverse customer base. Wipro Consumer Care and Lighting, a division of Indian multinational corporation Wipro Limited, acquired a 45% stake in Splash Corporation in 2018
Managing a network of suppliers can be challenging due to a lack of trust, manual collaboration, delivery challenges, increasing logistics and distribution costs, and transfer, good invoice, and payment issues.
Visibility of stock levels at distributors is often ignored, leading to the bullwhip effect with significant demand variability upstream in the supply chain process, resulting in losses due to more demand but fewer sales. The complexity of these challenges further increases when distributors are located globally, requiring additional coordination and communication.
The #dltledgers solution was developed using distributed ledger technology to improve the order fulfilment process with distributors, resulting in shorter cycle times and improved customer relations.
The solution also aimed to enhance collaboration with multiple parties in multiple geographies, enforce risk-free contracts, and increase visibility and transparency across the digital network of distributors and customers. The system provides real-time information on order status, allowing participants to quickly identify and resolve operational issues and optimize shipping.
The solution also streamlines the export process, provides accurate data and digital document storage, and offers real-time reports and secure tracking of order fulfilment with verified tamper-proof digital records for future use and compliance.