Avnet,
Inc. “Accelerate your success” (NYSE:AVT) is one of the largest distributors of electronic and
computer components in the world. They are one of the leaders in distribution
for speakers, batteries, screens, electronic storage and many more electronics
items in more than 80 different countries. Avnet also connects the world’s
leading technology companies, such as Intel, Texas Instruments, AMD, Microsoft,
etc., with more than 100,000 customers by providing cost-effective, value-added
services and solutions. Founded in 1921, Avnet is now headquartered in Phoenix,
Arizona, and ranked No.117 on the 2014 Fortune
500 list of largest U.S. companies, with $25.5 billion in sales in fiscal year
2013. (Corporate Fact)
Avnet has two operating groups: Avnet Electronics Marketing, and Avnet Technology solutions, both of them significantly
benefit their clients with their world-class supply chain management. Avnet
Electronics Marketing serves both electronics original equipment manufacturers,
and electronic manufacturing services providers globally, distributing their
products and providing them associated design-chain and supply-chain services.
Avnet Technology Solutions collaborates with customers and suppliers to create
and deliver service, software and hardware solutions that address the needs and
wants of both the businesses and customers. Avnet Technology solutions contain
systems, enterprise computing products, software, storage, data center
technologies, computing service, the list goes on. (Corporate
Overview)
In order to deliver the highest value to their customers Avnet
provides specialized custom supply chain and logistics services to the global
electronics industry. They focus on finding and implementing specialized supply
chain solutions and operational excellence in order to offer their partners and
customers competitive advantage.
Here are some examples of Avnet’s diverse and specialized supply
chain services. Bonded Inventory Planning Program is for companies beginning to
operate collaboratively with their supply chain partners. It allows customers
to reserve inventory and schedule supply chain pipelines to meet their specific
forecasted demands. In Plants Stores are one facet of the just-in-time
manufacturing model. The stores, located on customer production facilities, are
managed by Avnet. It provides planning, purchasing, warehousing functions at
customer production facilities. Avnet specialists analyze and assess customer’s
operation supply chain process by using logical methodology. (Supply
Chain Services)
With Avnet’s global scale and scope, their suppliers and
customers are easier to find connection between businesses and reach a wide
range of markets across the world. With emphasis on technical knowledge and
industry-centric expertise, Avnet can effectively manage the complexity of the
technology supply chain in a cost-efficient manner, reducing cost and delivering
value to suppliers and customers.
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