BOCA RATON, Fla.--(BUSINESS WIRE)--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.
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.