Avnet and Optiant Form Alliance to Help Electronics Manufacturers Answer: How Much Does Your Supply Chain Really Cost?PHOENIX & BOSTON -- Alliance Combines Market Expertise with Leading Inventory Optimization Solution to Design Highly Profitable Supply Chains Avnet Electronics Marketing and Optiant have formed an alliance to help high-tech manufacturers and consumer electronics companies systematically and scientifically assess their current supply chain strategy, looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. inefficiencies. Together with supply chain and knowledge management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm eKNOWtion, Avnet and Optiant deliver a unique opportunity for companies in highly competitive markets to understand how to enhance their current models. Most companies today have inefficiencies in their current supply chains -- places where the inventory buffer is too high and instances where lead time is not correctly accounted for; all of which contribute to total supply chain cost. In today's competitive environment with ever-shrinking time-to-market cycles, ensuring the most efficient supply chain with the proper balance of inventory in the pipeline at the appropriate time is more crucial than ever before. A manufacturer that can operate at the lowest total supply chain costs wins with customers, the marketplace and shareholders. With an eight-week consulting engagement, the alliance will deliver a targeted Supply Chain Diagnostic for a given product line, based on the unique customer's requirements and targeting three critical operational challenges: --Right-sizing inventory levels and locations --Optimizing supply chain parameters for high customer service levels --Quantifying the impact of various strategic sourcing options Optiant's customer experience has shown that manufacturers that act on the recommendations provided by these analyses routinely realize top- and bottom-line savings within 90 days. "Correct supply chain management is so critical to our customers. We're always looking for new ways to help them achieve efficiencies. This alliance is a great opportunity for OEMs to delve into their supply chain models and see where they can root out inefficiencies," said Greg Frazier, Avnet executive vice president, supply chain services, worldwide. Leveraging the modeling and analytical reporting capability of Optiant's PowerChain(R) Suite, eKNOWtion's experts will work with a cross-functional team In business, a cross-functional team is a group of people with different functional expertise working toward a common goal. It may include people from finance, marketing, operations, and human resources departments. from each customer to model the end-to-end supply chain, using various pricing and lead-time scenarios from global component suppliers. The project delivers the optimal supply chain scenario with correct inventory stocking levels and locations. Avnet's extensive global resources, know-how and service offerings ensure the analysis and recommendations are appropriately framed and conducted to drive maximum cost savings. "Avnet is a recognized leader in supporting consumer electronics and technology manufacturers' efforts to be more flexible and responsive to the demands of an incredibly fast-paced market," said Jonathan Colehower, Optiant CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We are pleased to offer these programs to Avnet's customers, and in turn, be a part of their continued success." The Supply Chain Diagnostic will be offered to Avnet Electronics Marketing customers in the Americas and EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. (Europe, Middle East and Africa) regions. "The implications for this alliance are amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. . Being able to model the supply chain process -- and in particular the inventory pipeline -- with a proven potential for a 15 percent improvement is just incredible. I'm thrilled that Avnet now has this service to offer to our customers," said 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 , vice president of strategic business development for Avnet Electronics Marketing Americas. Optiant's award-winning software solution helps manufacturers build supply chains that are flexible enough to quickly respond to changing market conditions. By creating an end-to-end view of the supply chain, the software enables users to evaluate multiple what-if scenarios to determine ideal configurations to accommodate short product lifecycles Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. , rapidly fluctuating demand and long-lead subcomponents sourced overseas while protecting profit margins. Optiant and PowerChain are trademarks of Optiant Inc. All other trademarks are property of their respective owners. About the companies Avnet Electronics Marketing is the largest operating group of Phoenix-based Avnet Inc. (NYSE NYSE See: New York Stock Exchange : AVT AVT avian arginine vasotocin. See vasotocin. ), a Fortune 500 company with fiscal 2004 sales exceeding $10 billion, and one of the world's largest technology marketing, distribution and services companies. 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, distributing electronic components from leading manufacturers and providing associated services. The company's Web site is located at http://www.em.avnet.com. Optiant is a pioneer in the emerging market of supply chain design and optimization. Optiant's flagship software solution, the PowerChain(R) suite, enables global organizations to design and configure See configuration. (software) configure - A program by Richard Stallman to discover properties of the current platform and to set up make to compile and install gcc. Cygnus configure was a similar system developed by K. optimal supply chains, solving real world problems today. PowerChain determines cost-effective inventory placements and integrates supply chain strategy into sourcing and distribution processes for quantifiable results in less than 90 days. Optiant has proven that intelligent inventory policies improve customer service levels and provide rapid ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). by driving out millions of dollars of associated costs from complex supply chains. Our roster of blue chip clients, including Global 1000 discrete manufacturers, utilizes Optiant's expertise to design competitive supply chains and innovative inventory policies. PowerChain solutions are built on patent-pending optimization technology based on more than 10 years of leading-edge research and industry partnerships at the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, . Optiant is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Boston, and can be reached at www.optiant.com or 781-238-8855. eKNOWtion is a services provider dedicated to "unlocking performance" beyond client expectation. With a focus on supply chain operations excellence and knowledge management, eKNOWtion delivers solutions tailored to complement a client's strategy and strengths. The company was founded by highly respected supply chain "practitioners" who have decades of industry experience and high-impact track records. eKNOWtion serves customers globally with regional offices in London and Chicago, and can be contacted at www.eknowtion.com or 312-291-0991. |
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