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Celestica Recognizes Avnet with a 2016 Total Cost of Ownership Supplier Award as “Best Aerospace and Defense Partner”

Wednesday, October 4, 2017 8:00 am MST

Dateline:

PHOENIX

Public Company Information:

NYSE:
AVT

.@Avnet earns @Celestica_Inc ‘16 Total Cost of Ownership honor; recognized as a top performer for 4th year running

PHOENIX--(BUSINESS WIRE)--Avnet (NYSE: AVT), a leading global technology distributor, today announced it has been awarded a 2016 Total Cost of Ownership (TCOO™) Supplier Award from Celestica, a leader in design, manufacturing and supply chain solutions for the world's most innovative companies. Celestica’s awards program recognizes suppliers that provide the best TCOO™ performance to Celestica and support the company’s overall business objectives.

“Avnet is proud to be recognized by Celestica,” said Tom McCartney, senior vice president, global and strategic accounts, Avnet. “The ongoing success of Avnet’s engagement with Celestica demonstrates how critical a strategic and collaborative supply chain ecosystem is for organizations that seek to drive innovation, while still maintaining the efficiency and flexibility that are so essential in today’s high-tech sector. In today’s competitive landscape, Avnet will continue to leverage our unique global scale and best-in-class design and supply chain resources to help our valued customer, Celestica, generate the differentiated solutions needed to achieve its targets for robust growth and long-term profitability.”

Celestica’s TCOO Supplier Awards program evaluates and recognizes the top performers in Celestica’s global network of over 4,000 suppliers. Celestica’s TCOO system is focused on evaluating supplier performance by measuring the total cost to produce, deliver, and support products and services beyond the supplier invoice price. As such, it considers the following supplier attributes: quality, delivery, price, flexibility, innovation and technology.

“Congratulations to Avnet for being recognized as the ‘Best Aerospace and Defense Partner’ in Celestica’s supplier awards program,” said Paul Blom, Chief Procurement Officer, Celestica. “Avnet has been consistent, flexible and proactive in their support of Celestica’s Aerospace and Defense business, enabling us to reduce our lead times and be more responsive to our customers.”

For more information on Avnet’s diverse range of innovative supply chain services and solutions, visit https://www.avnet.com/. Read Avnet’s award-winning supply chain thought leadership journal, Supply Chain Navigator at http://scnavigator.avnet.com.

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About Avnet

From idea to design and from prototype to production, Avnet supports customers at each stage of a product’s lifecycle. A comprehensive portfolio of design and supply chain services makes Avnet the go-to guide for innovators who set the pace for technological change. For nearly a century, Avnet has helped its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com.

Contact:

Avnet
Maureen O’Leary, 480-643-7499
maureen.oleary@avnet.com
or
Brodeur Partners
Jamie Ernst, 480-308-0286
jernst@brodeur.com

Multimedia Files:

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Pictured (l-r) Celestica V.P. Dave Clark and Avnet's Pete Zimmer, V.P., global and strategic accounts; Dan Sav, account manager; Peter Hanko, regional account manager and Cheli Seddon, director, global business management (Photo: Business Wire)
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