Office Depot Selects UCCnet for Registration and Synchronization Services
LAWRENCEVILLE, NJ May 24, 2004 – UCCnet™ announced today that Office Depot, one of the world’s largest resellers of office products, will begin implementing the organization’s product registration and data synchronization services. These services will enable Office Depot to achieve efficiencies across supply chain functions through more timely and accurate exchange of product data. Office Depot is the second major U.S. office supply retailer to subscribe to UCCnet. The company joins more than 3,000 other supply and demand side trading partners as members of the UCCnet community.
Office Depot will register product data in the UCCnet Registry. Office Depot’s suppliers will also register data in the UCCnet Registry. Once registered, UCCnet will check the data for compliance to industry standards. Office Depot will then use UCCnet’s synchronization services to synchronize the registry-compliant data with its suppliers, ensuring that all suppliers are using identical, up-to-date, standards-compliant data.
"We plan to adopt the UCCnet Registry service to continue to improve our supply chain and provide even better service to our customers," said Rick Coro, Vice President of Merchandising and Replenishment Systems for Office Depot. "We are very excited about the high level of support in the industry and we will be urging our suppliers to join us and subscribe to UCCnet."
"UCCnet welcomes Office Depot as it`s newest addition to their retailer community. Office Depot`s decision to standardize on the UCCnet technology platform enables them to significantly reduce operating expenses while ensuring cross-industry collaboration and compliance with emerging standards," said Dan Wilkinson, Vice President of Business Development for UCCnet.
UCCnet services will enable suppliers and their retail partners to reduce costly administrative errors in invoice pricing, purchase orders, and product delivery, and increase scanning accuracy. In addition, companies will be able to increase the speed of getting new products to market and facilitate continuous exchange of changes to existing product information. Synchronized data in a standard format also provides a solid foundation for realizing the true cost savings value of more advanced e-commerce tools such as scan-based trading and Collaborative Planning Forecasting and Replenishment (CPFR®*).
*CPFR® is a registered trademark of the Voluntary Interindustry Commerce Standards (VICS) Association.
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About UCCnet
UCCnet Registry and synchronization services improve the accuracy of an organization`s supply chain product and location information. Suppliers provide product, location, and trading partner information to the UCCnet Registry. UCCnet data synchronization services then check the data for compliance to EAN.UCC standards and validate the data with demand side partners, ensuring that all trading partners are using identical, updated, EAN.UCC standards-compliant data. Visit www.UCCnet.org for more information.
About Office Depot
With annual sales of more than $12 billion, no one sells more office supplies to more customers in more countries than Office Depot. Founded in 1986 and headquartered in Delray Beach, FL, the company conducts business in 23 countries and employs nearly 50,000 people worldwide.
Office Depot is a leader in every distribution channel – from retail stores and contract delivery to catalogs and e-commerce. The company is the world’s number two online retailer – generating $2.6B in sales for FY’03. In North America, Office Depot has 900 retail stores in addition to a national business-to-business delivery network supported by 22 delivery centers, more than 60 local sales offices and 13 regional call centers.
The company’s common stock is traded on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index. Additional press information can be found at: http://mediarelations.officedepot.com.
Media Contacts:
Jack Grasso
Uniform Code Council
609-620-4555
jgrasso@uc-council.org
Brian Levine
Office Depot
561-438-2895
blevine@officedepot.com
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