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Avnet Honored for the Innovative Redesign of Its Warehouse Management Processes and Systems
PHOENIX -- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, today announced that it was selected for this year's prestigious InformationWeek 500, an annual listing of the most innovative users of business technology. Ranking 203 overall on the 2010 list, this marks the seventh consecutive year that Avnet has been honored as one of the top 250 information technology (IT) users. InformationWeek recognized Avnet based on the redesign of its warehouse management processes and systems in Europe, the Middle East and Africa (EMEA) for the Avnet Technology Solutions operating group. Avnet's warehouse management project is estimated to result in a total five-year cost savings of $5.6 million USD.
"As a global technology distributor, our customers and suppliers rely on Avnet's extensive network of warehouses to bring technology products to market," said Steve Phillips, senior vice president and CIO, Avnet, Inc. "Avnet's redesigned warehouse management processes and systems in Europe have improved accuracy and information sharing, and are also helping Avnet to achieve its green goals by creating a paperless process. This honor and recognition of our team's efforts validates our strategy to continue to integrate innovate ideas into all of our practices."
Due to significant merger and acquisition activity at Avnet, the company integrated the systems of nine warehouses in eight years in EMEA. Avnet's logistics team, which manages warehouse operations, and Avnet's IT team worked collaboratively to improve the scalability of its warehouse management system, increase effectiveness and revolutionize processes. The redesigned activities centered on three main areas: enhancing visibility and access to real-time data, automating the picking process to increase accuracy and speed, and streamlining information to improve efficiency.
"For 22 years, the InformationWeek 500 has honored the most innovative users of business technology," said InformationWeek Editor-in-Chief Rob Preston. "As we start to emerge from the worst recession in decades, the IT focus is now on driving growth-new sources of revenue, new relationships with customers, even new business models. This year's ranking placed special emphasis on those companies and business technology executives leading that charge."
Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.
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 defining and framing 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), NetworkComputing.com (networking and communications) and PlugintotheCloud.com (cloud computing). The network also provides focused content for key IT audiences, such as CIOs, developers, SMBs and IT Support Managers via InformationWeek Global CIO, Dr. Dobb's, InformationWeek SMB, and HDI, respectively, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare sites. Content is at the nucleus of our information distribution strategy, and the network provides a deep and rich portfolio of decision-making tools and peer-based research through InformationWeek Analytics, the leading service for peer-based IT research and analysis. IT professionals turn to our experts and communities to stay informed, get advice and research technologies to make strategic business decisions. The InformationWeek Business Technology Network is part of UBM TechWeb.
About Avnet, Inc.
Avnet, Inc. (NYSE:AVT) 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 by providing cost-effective, value-added services and solutions. For the fiscal year ended July 3, 2010, Avnet generated revenue of $19.16 billion. For more information, visit www.avnet.com.
Contacts
Brodeur Partners, for Avnet, Inc.
Marcia Chapman
602-224-4047
mchapman@brodeur.com
or
for InformationWeek
Sherbrooke Balser
Director of Marketing
949-223-3605
sbalser@techweb.com
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