FOR IMMEDIATE RELEASE
For additional information, contact:
Kerry Weiss-Pena 781-229-1565, ext. 199
or Casy Jones, 312-329-3976
Using the OptiBid Network Planning Solution, Staples Improves Delivery Efficiencies to Distribution Centers and Retail Stores Across North America
BURLINGTON, Mass.(August 06, 2001) - Logistics.com, Inc., the leader in transportation procurement and management technology, today announced that Staples, Inc. (Nasdaq: SPLS), the $11 billion retailer of office supplies, business services, furniture and technology, deployed Logistics.com’s OptiBid Network™ to procure a portion of its annual truckload transportation requirements. Through this solution, Staples is able to cut costs and improve efficiencies on product deliveries to Staples distribution centers and nearly one thousand retail stores across North America.
"Working with Logistics.com for transportation procurement not only enables Staples to achieve impressive efficiencies and savings, it helps improve service to our customers," said Roger Will, vice president, transportation for Staples. "Logistics.com has a firm grasp of the diverse issues that affect our complex nationwide transportation network and the technological sophistication to solve complex business challenges."
OptiBid Network is an optimal planning solution for strategic transportation procurement that provides Staples with annual contracts that satisfy the company’s stringent cost, service and operational requirements. OptiBid Network addresses all of Staples’ critical business factors, including freight variability, network flows and transport provider rates and service levels, and assisted the company in establishing an optimal strategic transportation plan.
Dozens of Fortune 500 shippers and third-party logistics providers have used Logistics.com’s OptiBid Network to procure over $6 billion in annual recurring freight services, resulting in more than $400 million in customer savings. OptiBid Network is part of Logistics.com’s proven OptiBid transportation procurement solution that also includes OptiBid Lane™, an online procurement solution ideal for shippers with less complex networks or for shippers making tactical adjustments to larger networks.
"Staples is one of our many leading customers that are reaping the significant top- and bottom-line benefits a streamlined supply chain can offer," said Joe Wagner, senior vice president of global sales for Logistics.com. "Logistics.com is proud to help Staples optimize its critical transportation operations, helping them keep costs low and maintain top-tier service to their customers."
About Staples
Staples, Inc. is an $11 billion retailer of office supplies, business services, furniture and technology to consumers and businesses from home-based businesses to Fortune 500 companies in the United States, Canada, the United Kingdom, Germany, the Netherlands and Portugal. Headquartered outside Boston, Staples invented the office superstore concept and today is the largest operator of office superstores in the world. The company has over 50,000 employees serving customers through more than 1,300 office superstores, mail order catalogs, e-commerce and a contract business. More information about the company is available at www.staples.com.
About Logistics.com
Based in Burlington, Mass., Logistics.com empowers shippers and transport providers to efficiently buy, sell, manage and optimize transportation services over land, air and ocean. The company’s three offerings include OptiManage, a comprehensive transportation management solution for shippers; OptiYield, a management, analysis and procurement tool for transport providers; and OptiBid, a strategic procurement tool for shippers. The company has received funding, strategic guidance and operational support from Internet Capital Group (NASDAQ: ICGE). The company has been named to the Forbes Best of the Web: B2B, the Computerworld Top 100 Emerging Companies, the Inter@ctive Week 500, the Supply Chain e-Business 100 and for the second consecutive year, the InternetWeek 100. For further information, visit the company website at www.logistics.com..
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