Avnet Named Supplier of the Year by National Instruments.PHOENIX -- Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE NYSE See: New York Stock Exchange : AVT AVT avian arginine vasotocin. See vasotocin. ), and its specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. Avnet United division, have received the Supplier of the Year Award from National Instruments National Instruments, or NI (NASDAQ: NATI), is an American company with over 4,000 employees and direct operations in 41 countries founded in 1976 by Dr. James Truchard, Bill Nowlin and Jeff Kodosky. . The award recognizes Avnet's overall performance as a supplier during the 2007 calendar year. In addition to overall performance, Avnet also made a significant impact as a supplier for National Instruments in four key areas: quality of parts provided; lead time and on-time delivery; pricing - including cost savings and payment terms; and customer service. Avnet United supports customers like National Instruments globally by delivering creative, quality, cost-saving solutions and supply chain services to meet their technical needs. "The performance of Avnet over the last year demonstrates continuous improvement and a willingness to drive new supply chain solutions that support our needs for true global capabilities," said Scott Christman, director of global procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. for National Instruments. "We look forward to even greater success in 2008." "Avnet United is committed to growing its collaborative efforts with National Instruments and the supply chain network as a whole - and it's an honor to be acknowledged for those efforts in such a positive way," said Gerry Fay, senior vice president of global strategic accounts for Avnet United. "We look forward to continuing to grow our relationship with National Instruments well into the future." About Avnet Electronics Marketing Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. (NYSE:AVT), a Fortune 500 company. Avnet Electronics Marketing serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in more than 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 Avnet, Inc. (NYSE:AVT) is one of the largest distributors of electronic components, computer products and technology services and solutions, with more than 300 locations serving more than 70 countries worldwide. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded Inserted into. See embedded system. subsystem A unit or device that is part of a larger system. For example, a disk subsystem is a part of a computer system. A bus is a part of the computer. A subsystem usually refers to hardware, but it may be used to describe software. providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its 100,000 customers, accelerating their growth through cost-effective, value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. and solutions. For the fiscal year ended June 30, 2007, Avnet generated revenue of $15.68 billion. For more information, visit www.avnet.com. |
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