Home Depot acquires SIMPL to expand supply chain automation [Yahoo! Finance]
Home Depot, Inc. (The) (HD)
Last home depot, inc. (the) earnings: 2/25 06:00 am
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Source: Yahoo! Finance
The financial terms of the deal were not disclosed. In a press statement, the retailer said SIMPL applies engineering and AI technologies to help distribution sites run “faster and more efficiently”. The Home Depot said the transaction aligns with its “same-day/next-day fulfilment” strategy and is intended to improve safety while increasing speed in distribution centres. The purchase follows a pilot of SIMPL's technology at The Home Depot's distribution centre in Locust Grove, Georgia. It also said SIMPL has a patented storage and retrieval system designed to raise storage density, which it said would allow the company to keep a wider range of high-demand products closer to customers. The retailer described the acquisition as part of a broader push on supply chain innovation, covering AI-driven inventory management, automation, advanced analytics, mobile tools and live delivery tracking. The Home Depot supply chain senior vice-president Amit Kalra said: “We are focused on
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- How many stores does Home Depot have? How big are they? [Yahoo! Finance]Yahoo! Finance
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