BOCA RATON, Fla.--(BUSINESS WIRE)--Sep. 6, 2017--
Office Depot, Inc. (NASDAQ:ODP), a leading provider of office
supplies, business products and services delivered through an
omnichannel platform, today announced it is collaborating with
Elementum to fortify its omnichannel operations, providing the company
the ability to deliver products and services at unparalleled velocity
and scale across all customer channels. The implementation of Elementum
will provide comprehensive operational visibility, enabling Office Depot
to act quickly, proactively and flexibly across global functions.
“Utilizing Elementum is a game-changer for our operations and
performance,” said Gerry Smith, chief executive officer of Office Depot,
Inc. “With this sophisticated technology, we will transform our company,
as we fully leverage this tremendous asset to better serve our existing
customers and seek new opportunities.”
Elementum provides new levers to manage global operations with industry
leading cloud-based collaboration capabilities, as well as
comprehensive, global visibility across every segment of business
operations: procurement, logistics, manufacturing, and inventory
management. Now, Office Depot teams will be able to interact proactively
across functions as issues arise, while Elementum’s Situation Room
provides executives with a central “Mission Control” from which to see
and manage production, shipping and inventory based on data aggregated
from all Elementum apps. These capabilities will help differentiate
Office Depot in the world of eCommerce and ever-changing customer
expectations.
Specific benefits of the Elementum solution at Office Depot include
managing full-scale operations with global context to shrink lead times
and ensure material availability; as well as proactively adjusting to
issues in real time to deliver on-time and prevent stockouts. In
addition, the technology will accelerate decision-making among
cross-functional teams.
“Reaching customers is not about slashing costs; it’s about creating a
frictionless experience that captivates them. I am impressed with Office
Depot’s commitment to transformation, and it inspires me to team up with
businesses that invite big change. This partnership with Office Depot is
exactly what Elementum stands for: empowering companies to deliver
exceptional customer experiences,” said Nader Mikhail, founder and CEO
of Elementum.
About Elementum
Imagine fumbling around in a dark room for your keys, but everything you
knock over costs you 100 million dollars. That’s how the product economy
runs today: an endless series of expensive stopgaps to compensate for
operational uncertainty. Companies are forced to make huge bets based on
blind guesswork, resulting in inefficient cash conversion and
disappointed customers. That’s why Elementum is building the Product
Graph™ — a digital representation of the global product economy to
provide businesses with an enlightened perspective into their
operations. An open, constantly growing ecosystem, the Graph shines
light on the flow of over $500B worth of global commerce and seamlessly
connects cross-enterprise operations, enabling companies to meet
customers’ product needs with speed, efficiency, and integrity.
Elementum is the engine that fuels businesses and empowers brands to
delight customers. For more information, visit us at www.elementum.com.
About Office Depot, Inc.
Office Depot, Inc. is a leading provider of office supplies, business
products and services delivered through an omnichannel platform.
The company had 2016 annual sales of approximately $11 billion, employed
approximately 38,000 associates, and served consumers and businesses in
North America and abroad with approximately 1,400 retail stores,
award-winning e-commerce sites and a dedicated business-to-business
sales organization – with a global network of wholly owned operations,
franchisees, licensees and alliance partners. The company operates under
several banner brands including Office Depot, OfficeMax and Grand & Toy.
The company’s portfolio of exclusive product brands include TUL, Foray,
Brenton Studio, Ativa, WorkPro, Realspace and Highmark.
Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select
Market under the symbol “ODP.”
Office Depot is a trademark of The Office Club, Inc. OfficeMax is a
trademark of OMX, Inc. ©2017 Office Depot, Inc. All rights reserved. Any
other product or company names mentioned herein are the trademarks of
their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170906005358/en/
Source: Office Depot, Inc.
Office Depot, Inc.
AnneMarie Mathews, 561-438-6710
annemarie.mathews@officedepot.com
or
Elementum
Rob
Cheng, 650-265-7991
rob@elementum.com
