Avnet Launches MarketSite, an Alternative to Spot Buys on the Gray Market.Business Editors/High-Tech Writers PHOENIX--(BUSINESS WIRE)--Feb. 21, 2001 Avnet Inc. (NYSE NYSE See: New York Stock Exchange : AVT AVT avian arginine vasotocin. See vasotocin. ) Wednesday announced the creation of Avnet MarketSite, a new service designed to help Avnet customers who wish to buy or sell electronic components over B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business exchanges. MarketSite is a Web site that acts as a portal, or gateway, to exchanges on the Internet. The service is provided as another reason for customers to view Avnet as their full-service supply-chain partner. Through www.marketsite.avnet.com, customers will gain access to supported B2B exchanges with a single sign-on An identification system that lets users log into multiple Web sites on the Internet with one username and password. Single sign-on systems are also used within an enterprise, enabling users to access all authorized resources in the local network using the same username and password. and password. Exchanges are Web sites where buyers and sellers trade directly with each other. Today, there are several electronic component-focused exchanges on the Internet that may represent a viable alternative to spot buying on the gray market. "Avnet recognizes that our customers occasionally need to go to the gray market to source material. However, the gray market is a non-authorized channel posing potential risks for buyers. "We built Avnet MarketSite to give our customers an efficient alternative to the gray market, and another way for them to make spot market transactions," said Greg Monte Monte (Italian, Portuguese and Spanish meaning mount) may refer to various things: Monte is the name of several places: In Brazil
Initially MarketSite will provide access to the Buckaroo Exchange, which provides an online marketplace for DRAM products. Through this alliance, Avnet will provide free access to the exchange for its customer base. This will eliminate the need for customers to pay dues or registration fees and also eliminates any contractual commitments to volume. As the MarketSite develops, Avnet expects to expand its services to enhance the customers' experience. Phoenix-based Avnet Inc., a Fortune 500 company with annual sales exceeding $11.7 billion, is one of the world's largest distributors of semiconductors, interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. , 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 and computer products from leading manufacturers. Serving customers in 63 countries, Avnet markets, inventories and adds value to these products and provides world-class supply-chain management and engineering design services. The company's Web site is located at http://www.avnet.com. |
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