Avnet Electronics Marketing Ranked 25th in Second Annual InformationWeek China Business Technology 100
BEIJING & PHOENIX -- Avnet Electronics Marketing, the largest operating group of leading global distributor of electronic components and computer products, Avnet, Inc. (NYSE:AVT), today announced it has been ranked No. 25 in the InformationWeek China 100 list of the nation's best users of information technology. This is the second consecutive year that Avnet Electronics Marketing was chosen from a preliminary list covering more than 35 industries and nearly every large-scale company doing business in China to rank on the list.
The InformationWeek China Business Technology 100 Research follows the research methodology and procedures of the InformationWeek 500, which has tracked the technology practices of the most innovative companies in America for the last 18 years.
'The second annual InformationWeek China 100 focuses on companies' innovative use of IT architecture and solutions, leveraging them for sustainable competitive advantage to drive their business,' said Geoffrey He, associate publisher and chief editor at InformationWeek China. 'It has attracted leading companies from more than 35 industries, which represent numerous entries detailing highly innovative projects. Additional judging criteria examine the benefits that accrue to the specific industry's progress in China.'
'With a leading global technology distribution organization like Avnet, we are fortunate to be able to continue to make investments in our Asian infrastructure to the benefit of our customers and suppliers. They can further leverage our global resources - giving them total support across the board - in a way that will contribute to their success in the Asian market,' said Stephen Wong, president of Avnet Electronics Marketing Asia.
Avnet Electronics Marketing was recognized for excellence in a number of areas, particularly its Third Party Logistics (3PL) Services Business-to-Business (B2B) Model.
'As product cycles shrink and competitive pressures within the manufacturing industry increase, the focus on supply chain efficiency has never been greater. Accordingly, the world's leading distributor of electronic components, solutions and services, Avnet Electronics Marketing is constantly looking for ways to add value and efficiency to the production process,' said Alfred Tang, senior IT director, Avnet Electronics Marketing Asia.
In practice that means continually creating new solutions and services that can make a major competitive difference and provide its customers with a significant advantage in whichever market they operate.
The most recent example of this approach is a new 3PL Services B2B Model that exploits Avnet Electronics Marketing's award-winning SAP implementation and the power of RosettaNet. Stimulated directly by the demand from strategic customers for expanded logistics engagements, Avnet has completely overhauled its existing logistics management system. The organization has created a comprehensive new 3PL services model that stretches from inventory management, inspection services, tagging, bar coding, RFID, supplier management and technology integration all the way through to industry standard compliances and certification.
'The most innovative aspect of the project can be seen at the core of the solution, where the expansion of the current 3PL inventory hub functionalities and business processes linked to customers has been radically transformed. Today, Avnet and its customers interact through a full-function B2B model that not only ensures maximum efficiency and therefore reduced turnaround times, but also maximizes cost-effectiveness, virtually eliminating wastage or wasted effort,' continued Tang.
'We are honored to have been ranked highly for the second year running in the prestigious InformationWeek China 100 list,' said Steve Phillips, CIO at Avnet. 'This accolade recognizes the relevance of our philosophy for long-term business-driven IT strategies which include providing excellent global customer service, expanding our end-to-end connectivity with suppliers and customers, delivering world-class materials management, and setting our ERP strategy.'
Phillips took part in a panel discussion at the InformationWeek China Fall Conference today on 'Management and Innovation--constructing sustainable competitive advantages.'
About InformationWeek
InformationWeek helps more than 440,000 business-technology professionals who buy, build, and manage technology drive business innovation powered by technology. In addition to the weekly magazine, InformationWeek provides a platform of information solutions, including InformationWeek.com; InformationWeek Research; InformationWeek Events, which includes the InformationWeek Conference for business-technology executives; and the InformationWeek Daily, an e-mail news service. In May 2003, in conjunction with Optimize, InformationWeek launched its Media Network. The Media Network consists of Optimize, Government Enterprise, and Healthcare Enterprise, as well as its Vertical Industry Network publications, Bank Systems and Technology, Insurance and Technology, and Wall Street and Technology. InformationWeek is consistently recognized for its commitment to excellence and innovation, receiving several of the industry's top media accolades, including top spots in Technology Marketing's Influencers Report, BtoB Magazine's annual Media Power 50, as well as awards from ASBPE.
About InformationWeek China
As the leading business technology media in China, InformationWeek China, launched in December 2004, currently provides unique, updated and penetrating information, innovation and industry trends to China's C-level business technology decision-makers, helping them take advantage of market opportunities, improve corporate management and achieve business success. InformationWeek China has a four-dimensional media platform including print, online, research and events. The monthly InformationWeek China magazine reaches 100,000 senior corporate executives, and the network and e-newsletter reaches more than 50,000 senior corporate executives.
About Avnet Electronics Marketing
Avnet Electronics Marketing is the largest operating group of Phoenix-based Avnet, Inc., a Fortune 500 company. Avnet Electronics Marketing serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in 70 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services. The group's Web site is located at http://www.em.avnet.com.
About Avnet, Inc.
With more than 250 locations serving customers in 70 countries, Avnet markets, distributes and adds value to the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Additionally, Avnet brings a breadth and depth of service capabilities, such as supply-chain optimization, logistics solutions, product assembly, device programming, computer system integration and engineering design assistance. For the fiscal year ended July 1, 2006, Avnet generated revenue of $14.25 billion. Visit www.avnet.com/.
CONTACT:
Avnet Electronics Marketing (Asia)
Jaime Chan, (852) 2410 2735
jaime.chan@avnet.com
or
EBA (Asia)
Brian Paterson, (852) 2537 8022
brian@eba.com.hk
or
Avnet Electronics Marketing (North America)
Michelle Gorel, 480-794-6943
michelle.gorel@avnet.com
or
Brodeur (North America)
Marcia Chapman, 602-808-1169
mchapman@brodeur.com
Copyright Business Wire 2006