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Avnet Honored for Its Innovative Approach to Global Supply Chain Management
PHOENIX -- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, today announced it was named to the prestigious InformationWeek 500. Ranking 52 overall on the 2009 list, this marks the sixth consecutive year that Avnet has been honored as one of the top 100 innovative information technology (IT) users. InformationWeek recognized Avnet based on the systems it developed to track supply and design chain information for its electronic components operating group, Avnet Electronics Marketing, globally.
"Avnet's customers and suppliers rely on our global scale and scope to help them cost-effectively conduct business around the world," said Steve Phillips, Avnet's chief information officer. "In order to support our business partners' cross-regional product design and manufacturing needs, Avnet created an IT system that tracks electronic component supply and design chain information globally. Our business and IT teams have worked tirelessly to ensure Avnet's continued success in efficiently managing global supply chains. This honor and recognition of our teams' efforts validates our strategy to tightly tie our IT and business teams together in order to create a competitive advantage."
Avnet's business and IT teams worked collaboratively to create a global business migration system, enabling them to manage the nuances in their customers' and suppliers' supply chains as product manufacturing increasingly moves to Asia while electronic component design work predominantly remains based in North America and EMEA. The system allows Avnet to track its customers' and suppliers' supply chain information globally, account for global business migration in forecasts, and manage inventories across regions. This innovative service-oriented architecture-based (SOA) system has played a critical role in tens of thousands of designs and facilitated hundreds of millions of dollars in revenue.
"For over 20 years, the InformationWeek 500 has honored the most innovative users of business technology," said InformationWeek Editor-in-Chief Rob Preston. "Year after year, InformationWeek 500 companies harness technology to improve efficiency, boost productivity, drive revenue, and establish a competitive advantage. We applaud this year's winners, and the CIOs and other executives whose ingenuity and risk taking are at the center of business technology innovation."
InformationWeek identifies and honors the nation's most innovative users of IT with its annual 500 listing, now in its 21st year, and also tracks the technology, strategies, investments and administrative practices of America's best-known companies. Top winners have included: Conway, National Semiconductor, Kimberly-Clark, Hilton Hotels and Unum. The InformationWeek 500 rankings are unique among corporate rankings as it spotlights the power of innovation in IT, rather than simply identifying the biggest IT spenders.
Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.
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About InformationWeek Business Technology Network (http://www.informationweek.com/)
The InformationWeek Business Technology Network provides IT executives with unique analysis and tools that parallel their work flow - from the defining and framing of objectives through to the evaluation and recommendation of solutions. Anchored by InformationWeek, the multimedia powerhouse that looks across the enterprise, the network scales across the most critical technology categories with online properties like DarkReading.com (security), IntelligentEnterprise.com (application architecture), Network Computing (networking and communications) and PlugintotheCloud.com (cloud computing). The network also provides focused content for key IT targets such as CIOs, developers and SMBs with Dr. Dobb's InformationWeek Global CIO and bMighty.com, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare. With content at the nucleus of our information distribution strategy, IT professionals turn to our network of expert voices, research and communities to stay informed, get advice, and research technologies to make strategic business decisions.
About Avnet
Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers and by providing cost-effective, value-added services and solutions. For the fiscal year ended June 27, 2009, Avnet generated revenue of $16.23 billion. For more information, visit www.avnet.com.
Contacts
Avnet, Inc.
Michelle Gorel, 480-643-7653
Michelle.Gorel@avnet.com
Follow me: http://twitter.com/MichelleGorel
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