The World Floor Covering Association (WFCA) has purchased fcB2B and all of its assets.
“The WFCA has been a visionary supporter and a financial backer of fcB2B since conception” said Scott Humphrey, CEO of WFCA. He explained that the association’s mission is to enhance the business landscape for the flooring retailer. “Placing ourselves 100% behind a next generation initiative that will streamline business transactions— hereby increasing efficiencies and reducing costs—was a logical next step for us.”
Humphrey added, “Technology is one of the six pillars on which WFCA’s foundation stands.” He identified fcB2B as a key component of that pillar. “We recognize that our member constituents will not be able to compete and thrive in the 21st century business landscape without the proper tools to streamline transactions and keep pace with the market, fcB2B is poised to change how we do business and the WFCA stands squarely behind this initiative.”
Through fcB2B the groundwork has already been laid to move the flooring industry into the digital age. The task at this point is industry-wide adoption of the system. Once wide acceptance is secured, business transactions and the pace of doing business will be streamlined and new efficiencies will become the norm. It has been calculated that the fcB2B model could save flooring companies more than $20 million annually. Manufacturers could save about $12 million and independent dealers may save about $8 million.
“A standard of doing business already exists in today’s e-commerce world and our industry has not kept pace,” said Phil Zolan, executive director, fcB2B. “Through our new association with WFCA, fcB2B will receive a much needed infusion of support and credibility to take it to the next level. WFCA gives us a much broader platform for directing operations as well as the exposure and horsepower to push fcB2B through to all levels of the industry.”