Avnet Electronics Marketing Announces New Web-Based Tool to Improve Efficiency in Quotation Process; 'Quote Manager' Accelerates Quotation Process, Lowers Operational Costs.Business Editors/High-Tech Writers PHOENIX--(BUSINESS WIRE)--March 20, 2003 Avnet Electronics Marketing, through an agreement with cost management solution provider Tradec, has introduced the latest tool in its Promiere suite from Avnet Supply Chain Services. Quote Manager, offered by Promiere, provides a Web-based solution that improves the efficiencies of the quotation process. With Quote Manager, Promiere customers will be able to accelerate the quotation process and reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , further enabling them to manage the supply chain more strategically, leading to improved profitability. Quote Manager allows easy formatting, distribution and tracking of Requests for Quotations (RFQs) to Avnet and other suppliers. Quote Manager also delivers analytical tools to aid the sourcing decision process. "We have seen our mid-tier customers in both the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and EMS spaces struggle mightily with the quoting process," said Greg Frazier, executive vice president of Avnet Supply Chain Services. "We can help them. Right now they rely on e-mail and spreadsheets to keep their quote processes in operation. Quote Manager provides our customers a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. and virtual process for quotation development, facilitation, and analysis, closing the loop by leveraging past information to improve future results. This will offer a step function improvement in the quote process for many or our mid-tier customers." "There is a clear need for a Web-based tool that drives speed and efficiency into the quotation process," Frazier continued. "By forming an alliance with Tradec, the established leader in the space, Avnet Electronics Marketing has ensured its customers will realize dramatic improvements in quotation turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. with lower overhead costs overhead costs see fixed costs. ." Quote Manager is based on the same technology as Tradec Material Cost Management System, a system widely adopted by top EMS providers and OEMs to manage the cost of direct materials. Delivered on a subscription basis and hosted to reduce the total cost of ownership, Quote Manager is an offering packaged to allow small- and medium-sized companies to leverage similar technology at a lower cost of entry. "Both Tradec and Avnet recognized the need for an entry-level solution to improve the quotation process," said Edwin C. Winder, chairman, president and chief executive officer of Tradec. "Together with Avnet Electronics Marketing, we have assembled a very compelling package that employs underlying state-of-the-art technology, delivered in a service model accessible to the target market. We are pleased to offer our solution to Promiere customers." Promiere's Vice President Glenn Bassett Glenn Bassett was an American tennis player in the mid-20th century who later would be one of the most successful college tennis coaches of all time. Bassett was the co-captain (with Herb Flam) of the University of California at Los Angeles tennis team that won the NCAA agreed, "Quote manager is a natural extension of the Promiere capabilities. Customers can leverage our existing tools to cleanse BOMs, cross part numbers, and avoid EOL (1) (End Of Line) A character that signals the end of the current line of text or commands. (2) (End Of Life) Refers to the planned demise of a hardware or software product due to its natural evolution from utility to situations. Quote Manager can then be used to get the best possible performance from their quote process. These tools offer our customers competitive advantage, based on more repeatable, reliable and efficient quote process performance." Under the agreement, Avnet will market and sell Quote Manager through Promiere. Tradec will operate and maintain the hosted system, providing the third-party neutrality necessary to enable all suppliers to participate. About Avnet Electronics Marketing Avnet Electronics Marketing, serving customers in 63 countries, is the largest operating group of Phoenix-based Avnet Inc. (NYSE NYSE See: New York Stock Exchange : AVT AVT avian arginine vasotocin. See vasotocin. ), the world's largest technology marketing, distribution and services company, and ranked 161 in the Fortune 500. Avnet Electronics Marketing, Americas (EMA (1) (Enterprise Management Architecture) An earlier strategic plan from Digital for integrating network, system and application management. It provided the operating environment for managing a multi-vendor network. ) serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Brazil through four focused business units, distributing electronic components from leading manufacturers and providing associated services. Avnet Cilicon focuses solely on semiconductors with dedicated channels to specific end-market segments; Avnet IP&E is the leading interconnect, passive and electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). components specialist; Avnet RF & Microwave is the distribution market leader in the sale of components and services to the wireless electronics industry; and Avnet Supply Chain Services provides end-to-end supply chain optimization Supply Chain Optimization is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. This includes the optimal placement of inventory within the supply chain, minimizing operating costs (including manufacturing costs, programs. The company's Web site is located at www.avnet.com. About Avnet Supply Chain Services Avnet Supply Chain Services provides end-to-end supply chain services to OEMs, Electronic Manufacturing Services providers (EMS), and electronic component manufacturers, enabling the ability to optimize supply chains. These services are available in various working capital models, with or without inventory ownership. By combining our internal competencies of global warehousing and logistics, finance, information technology, and asset management with objective, external industry-wide data, Avnet Supply Chain Services allows our customers to increase their overall business knowledge, helping them to make better decisions. About Tradec Based in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif., Tradec Inc. delivers cost management solutions that enable manufacturing companies to reduce direct material spend, increase productivity, and improve supplier performance. Combining strategic sourcing, direct procurement and supplier relationship management, Tradec's comprehensive solutions help companies maintain their competitive edge and ensure operational excellence. To learn more about Tradec, please visit www.tradec.com or call 408/291-2565. |
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