Arrow Electronics Announces Launch of Arrow Collaborator; an Arrow Digital Solution That Helps Customers Monitor and Control Their Supply Chain.Business Editors MELVILLE, N.Y.--(BUSINESS WIRE)--Aug. 13, 2001 Arrow Electronics Arrow Electronics NYSE: ARW is a Fortune 500 company headquartered in Melville, New York. This company specializes in products and services of electronic components and computer products. , Inc. (NYSE NYSE See: New York Stock Exchange : ARW ARW Air Refueling Wing ARW Advanced Research Workshop ARW Associated Resume Writers ARW Army Ranger Wing (Irish Special Forces) ARW American Revolutionary War ARW Angle Random Walk ARW Aeroelastic Research Wing ) today announced the launch of Arrow Collaborator, the first and only interactive, information-based supply chain management tool in the electronic components industry that can be fully implemented within a matter of days. Arrow Collaborator addresses every day supply chain issues and improves inventory efficiency by providing real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. , online responses to materials planning requirements. With the exception-based features of Arrow Collaborator, customers can pinpoint imbalances between supply and demand, identify which part is in short supply, when it goes short, and when it becomes available again. Arrow Collaborator not only highlights areas of concern and identifies priorities for corrective action A corrective action is a change implemented to address a weakness identified in a management system. Normally corrective actions are instigated in response to a customer complaint, abnormal levels if internal nonconformity, nonconformities identified during an internal audit or ; it also provides the detail necessary to get to the root cause of the problem. These and other capabilities, coupled with activity summaries and performance tracking reports, enable Arrow Collaborator to be a powerful means for improving overall supply chain processes. "Arrow Collaborator supplies our customers with the knowledge they need to manage their supply chain accurately and effectively," said Francis Francis, French prince, duke of Alençon and Anjou Francis, 1554–84, French prince, duke of Alençon and Anjou; youngest son of King Henry II of France and Catherine de' Medici. M. Scricco, President and Chief Executive Officer of Arrow. "Arrow Collaborator streamlines the user's materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, process with instant, powerful data about conditions in the supply chain. No other company offers this exclusive knowledge and only Arrow Electronics can have it implemented within days." "We're subscribing to Collaborator because it gives us more control over our supply chain by providing us with the information to make decisions that will manage costs and ensure availability," said Jerome Voss, Senior Buyer, Pinnacle Systems Pinnacle Systems, Inc. is a California-based American manufacturer of digital video hardware and software for the consumer and broadcast markets. It was founded in 1986. In 2002 Pinnacle purchased VOB Computersysteme GmbH (now pinnaclesys.de). . "The entire Arrow Digital Solutions suite is a powerful and flexible tool that will make our jobs easier, and ultimately, contribute to our bottom line." In May Arrow Electronics announced the subscription-based Arrow Digital Solutions, a suite of real-time, interactive tools that offer Arrow's exclusive knowledge to customers, enabling them to manage their entire supply chain more effectively, from concept through to production. Arrow Collaborator is the latest innovation available as part of the Arrow Digital Solutions suite. "Arrow's experience with hundreds of customers enabled us to build Arrow Collaborator, an interactive tool that streamlines the critical workflows of the materials management community in our industry," said Paul Katz Paul Katz is an American cellist. He is known to concertgoers the world over as cellist of the Cleveland Quartet, which during an international career of 26 years, made more than 2,500 appearances on four continents. , Vice President, Digital Supply Chain Solutions, Arrow Electronics. "Through its unique process control features, Arrow Collaborator offers not only real-time visibility and control over supply chain conditions, but also ongoing guidance to fundamentally improve the performance of the user's requirements planning processes." To find out more information, visit http://www.arrow.com/arrowdigitalsolutions. About Arrow Electronics Arrow Electronics is the world's largest distributor of electronic components and computer products, with 2000 sales of $13 billion. Headquartered in Melville, New York Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there. , Arrow serves as a supply channel partner for more than 600 suppliers and 175,000 original equipment manufacturers, contract manufacturers, and commercial customers through more than 225 sales facilities and 23 distribution centers in 39 countries. |
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