Fritz Companies Named Key Logistics Partner by Texas Instruments; Sole International Provider for TI U.S.-based Operations.SAN FRANCISCO--(BUSINESS WIRE)--Aug. 15, 1996--Fritz Companies, Inc. is pleased to announce that Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. has appointed Fritz fritz n. Informal A condition in which something does not work properly: Our television is on the fritz. [Perhaps from German Fritz Companies its key international transportation and logistics partner, responsible serving all U.S.-based operations. Fritz has established a Special Purpose Organization (SPO SPO System(s) Program Office SPO System(s) Project Office Spo Schizosaccharomyces Pombe SPO Srpski Pokret Obnove ) to manage the comprehensive program designed to meet Texas Instruments' specific needs. Larry Horton who recently joined Fritz has been named Fritz/TI SPO Director. "Many people in the industry are aware that Texas Instruments has been engaged in a long-term supplier reduction program. Critical to this initiative has been to narrow our international forwarders down to four global suppliers. As a result of this process, for all TI's U.S.-based operations, Fritz has been selected as our sole forwarder Forwarder Acts as a travel agent for cargo. A forwarder specializes in arranging the transport and completing required shipping documentation. Some are affiliated with NVOCC services. In the United States they are licensed by the Federal Maritime Commission. ," explained Jeff McLaughlin, manager, Logistics Alliances, Texas Instruments Semiconductor Group. "Fritz is now playing a larger role in Asia than ever before." "It is clear that TI would rather manage their logistics process than spend their resources managing a disparate group of forwarders," said Lynn C. Fritz, Fritz chairman and 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. . "TI has been a Fritz client for many years and we are excited to expand the scope of our relationship. We have available and are continuing to develop the tools and disciplines to help clients such as TI to deliver competitive advantage though global supply chain management." "We are committed to shortening TI's cycle time and reducing the total cost of their global supply chain," said Dennis Pelino, Fritz president and COO. "We are engaging a variety of resources to implement and manage this SPO including: information systems experts, Fritz High-tech industry specialists, regional managers, product directors and operations staff across the world. In successfully pulling all these elements together, Larry Horton is an invaluable asset to both organizations." Prior to joining Fritz, Horton spent 30 years with Texas Instruments Incorporated where he held positions in manufacturing, planning and global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. . Horton spent 20 years working with Texas Instruments' Worldwide Supply Process division with an emphasis on the semiconductor and systems group. Horton is based in Dallas. Texas Instruments is the world leader in digital technologies that are connecting people and information in new and productive ways -- and creating a global networked society. TI's innovations are working behind the scenes to transform the way we live, learn, work, and play. Fritz Companies, Inc. is a leader in global transportation and logistics. Providing flexible service options ranging from integrated logistics programs to traditional freight forwarding and customs brokerage, Fritz develops, implements and delivers worldwide supply chain solutions for its clients. The Fritz network is comprised of more than 8,000 staff operating across 450 locations, present in over 100 countries, all linked together by sophisticated information and communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. . Fritz Companies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : FRTZ) headquarters are at 706 Mission Street, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA 94103, 415/904-8360. All recent information releases are available via fax-on-demand service accessed by dialing 888/286-6419. Additional information is available via the Internet: http://www.fritz.com CONTACT: Fritz Companies Inc. Jonathan Himoff, 415/904-8319 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion