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Avnet Recognized As A Gartner Supply Chain Top 50 Company

Global technology distributor Avnet, Inc. (NYSE: AVT) today announced that it has been named to the 2013 Gartner Supply Chain Top 25 Ranking: The Next 25. Avnet was evaluated for its multi-tier supply chain and cost-to-serve analytical capabilities. The list identifies the companies that best demonstrate leadership in applying demand-driven principles to drive business results. Avnet is the only distributor to be recognized on the 2013 list.

“We feel that as a global distribution leader with more than 90 years of supply management experience, Avnet is uniquely positioned to help our customers and supplier partners optimize their supply chains,” said Gerry Fay, global president of Avnet Electronics Marketing, and former chief global logistics and operations officer, Avnet, Inc. “Our supply chain experts work with customers and suppliers to assess their cost-to-serve models and develop strategies for reducing costs and improving end customer satisfaction. We can quickly identify supply network problems and disconnects, and develop supply chain solutions that leverage Avnet’s physical logistic assets and virtual systems.”

This is the first year Avnet has been recognized in Gartner’s supply chain ranking. Avnet also manages large elements of the technology supply chains of several of the companies on the list. Avnet delivers globally available, rapidly scalable, customized supply chain solutions to the direct market for electronic components and equipment.

“At leading companies in diverse industries, the supply chain organization is no longer narrowly focused on driving efficiencies and cost cutting; it sees itself – and is seen by its CEO – as a growth enabler,” wrote Debra Hofman, managing vice president, Gartner, et al. “Whether it's through reducing commercialization time, flexing the supply chain on packaging or service dimensions, or providing the engine with which new acquisitions can be quickly and easily absorbed, the conversation at these companies has changed from supply chain being about ‘blocking and tackling’ to it being an enabler of company success.” 1

The Gartner 2013 Supply Chain Top 25 Ranking: The Next 25 recognizes companies across industry sectors for their supply chain best practices. Gartner evaluated more than 250 companies using a combination of financial metrics, and voting from industry supply chain experts and Gartner supply chain analysts.

Follow Avnet on Twitter: @AvnetConnect with Avnet on LinkedIn or Facebook: http://www.linkedin.com/company/2572 or facebook.com/avnetincView videos from Avnet and its business partners: http://www.avnetondemand.com/Read more about Avnet on our blogs: http://blogging.avnet.com/

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 globally. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 29, 2013, Avnet generated revenue of $25.5 billion. For more information, visit www.avnet.com.

1 Gartner: “The Gartner Supply Chain Top 25 for 2013,” Debra Hofman, Stan Aronow, Kimberly Nilles, May 22, 2013.

Copyright Business Wire 2010

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