Avnet Recognized on the 2013 InformationWeek 500 List of Top Technology
Innovators in the U.S.
Avnet honored for its use of in-memory computing and network optimization to
accelerate its quoting process
PHOENIX -- September 9, 2013
Global technology distributor Avnet, Inc. (NYSE: AVT) today announced that it
was named to the 2013 InformationWeek 500 – a list of the top technology
innovators in the U.S. Avnet received this prestigious award for a new order
quoting system that was developed for its electronic components business in
the Americas, Avnet Electronics Marketing. This system uses custom-developed
software, network optimization and in-memory computing, helping the sales team
increase their responsiveness to customers.
“Avnet acts as an extended sales force for leading technology manufacturers,
managing more than 7.3 million orders annually,” said Ed Smith, president,
Avnet Electronics Marketing Americas. “We knew that by improving our sales
team’s ability to quote orders, Avnet could better serve our customers.
Avnet’s new quoting system exemplifies how technology implemented in
partnership with the business can successfully drive tangible results.”
Avnet’s IT and electronic components business teams worked collaboratively to
create a custom application that serves as the foundation of the new quoting
system. They designed the system to meet the nuances of small order quotes
that include technology products from multiple manufacturers. The quoting
system focuses on speed, searching millions of products in a database and
returning results in less than three seconds.
“Technology has the power to transform the way business is conducted and
completely reshape the customer experience,” said Steve Phillips, senior vice
president and CIO, Avnet, Inc. “Avnet’s new quoting system is an example of
the role advanced IT tools can play in positively changing the way we support
our customers. This InformationWeek honor underscores Avnet’s commitment to
using technology to further improve customer service.”
Avnet was one of the companies that InformationWeek identified and honored as
the most innovative users of information technology in the U.S. in its annual
InformationWeek 500 listing. Unique among corporate rankings, the
InformationWeek 500 spotlights the power of innovation in information
“The theme of this year’s InformationWeek 500 is digital business. It’s a
movement, rooted in data analytics, mobile computing, social networking and
other customer-focused technologies that are turning companies and industries
on their ear,” said InformationWeek Editor-In-Chief Rob Preston. “Every
enterprise is now a digital business – or needs to become one fast. The
organizations in our ranking are leading the way.”
Read about Avnet's approach to IT on the Behind the Firewall blog:
Learn more about Avnet's perspective on the IT market through its Tech Trends
video series: http://www.avnetondemand.com/
Follow Avnet on Twitter: @Avnet
Connect with Avnet on Facebook or LinkedIn:
About InformationWeek Business Technology Network
For more than 30 years, InformationWeek has provided millions of IT executives
worldwide with the insight and perspective they need to leverage the business
value of technology. InformationWeek provides CIOs and IT executives with
commentary, analysis and research through its thriving online community,
digital issues, webcasts, proprietary research and live, in-person events.
InformationWeek’s award-winning editorial coverage can be found at
www.informationweek.com. InformationWeek is produced by UBM Tech, a global
media business that brings together the world's technology industry through
live events and online properties. Other UBM Tech's brands include EE Times,
Interop, Black Hat, Game Developer Conference, CRN, and DesignCon. The
company's products include research, education, training, and data services
that accelerate decision making for technology buyers. UBM Tech also offers a
full range of marketing services based on its content and technology market
expertise, including custom events, content marketing solutions, community
development and demand generation programs. UBM Tech is a part of UBM (UBM.L),
a global provider of media and information services with a market
capitalization of more than $2.5 billion.
About Avnet, Inc.
Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest
distributors of electronic components, computer products and embedded
technology serving customers globally. Avnet accelerates its partners' success
by connecting the world's leading technology suppliers with a broad base of
customers by providing cost-effective, value-added services and solutions. For
the fiscal year ended June 29, 2013, Avnet generated revenue of $25.5 billion.
For more information, visit www.avnet.com.
Media Contact for Avnet
Marcia Chapman, 480-308-0284
Media Contact for InformationWeek
Winnie Ng Schuchman, 631-406-6507
Vice President, Marketing
Press spacebar to pause and continue. Press esc to stop.