Avnet Ranks 34th in InformationWeek 500 Listing of Leading IT Innovators.Business Editors PHOENIX--(BUSINESS WIRE)--Sept. 30, 2002 InformationWeek magazine, published by CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information Media Inc., Manhasset, N.Y., released results of its 14th annual InformationWeek 500, a ranking of the largest and most innovative IT users. In this year's list, Avnet Inc. ranked first in its industry classification -- distribution -- and 34th overall. The purpose of the InformationWeek 500 is to reward companies that demonstrate technological, procedural and organizational innovations. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. InformationWeek, this year's IT innovators were faced with slashed budgets, and as a result, had to tap into their staffs' creativity to stay ahead. Companies made computer systems communicate better, improved data analysis tools to parse business results quicker, and squeezed more revenue and profit from electronic channels. As part of that effort, today's IT innovator companies are sharing business data regularly with customers and suppliers, connecting more storage systems to speed data collection, making modest strides in securing data against hackers and striving to keep technical staff motivated in a bad economy. "Our IT strategies are aimed at making Avnet more successful both externally to benefit customers and suppliers, and internally for employees," said Bob Mason For the British actor, see . For the radio disc jockey, see . For the Jersey politician, see . Bob (Robert) T. Mason (born April 22, 1961 in International Falls, Minnesota) is a retired American ice hockey goaltender. A member of the 1984 U.S. , CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. , Avnet Inc. "IT is aligned with the business strategies of the company and is designed to deliver value." "Agile IT architecture allows Avnet to share knowledge across all of its processes, some of which are order fulfillment, customer relationship management, accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , order history and order status," added Mason. "IT is not just software and hardware deployment at Avnet, it's the integration of the business units with IT to provide value and drive success within the electronics industry supply chain, where Avnet is a major player and where the solutions are delivered." Phoenix-based Avnet Inc. (NYSE NYSE See: New York Stock Exchange : AVT AVT avian arginine vasotocin. See vasotocin. ), a Fortune 500 company with annual sales of $8.9 billion, (fiscal 2002 year ended June 28, 2002) is one of the world's largest distributors of semiconductors, 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, embedded sub-systems and networking 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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