Avnet 2001 Annual Report Download - page 9

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7
growth rate of 36.9 percent. In addition, EM has begun the beta testing process
on a series of new services that will leverage Avnet’s global IT capabilities and
other resources to expand strategic relationships.
In FY’00, CM’s Avnet Hall-Mark division successfully responded to Hewlett-
Packard’s Channel 2000 challenge – a program designed to maximize the supply-chain
efficiencies of its distribution channel – and emerged with an innovative business
model. With this model in place in FY’01, the value-added services we once
provided as an adjunct to hardware sales have been unbundled and are now
provided separately for a fee. This new structure has broad implications across
the Company, proving the viability of an entirely new model for marketing and
selling higher-margin services.
AC brings innovative thinking to its customers through its Internet-based service
for design engineers, Avnet FasTrac™
. AC also recently opened its new engineering
labs and technology showcases in Phoenix, Arizona, and Peabody, Massachusetts.
The labs provide a technical, resource-rich environment where customers and
AC engineers work side by side to reduce design time to market by integrating
industry-standard subsystems. The showcases were built in conjunction with top
suppliers like IBM, Intel, Microsoft and Motorola to demonstrate applications for
products and technologies just coming to market.
Avnet launched a new, enterprise-wide global objective for FY’02 to further increase
focus on the creation of services-based business models. Steve Church, formerly
co-president of EM global, is driving this objective across our enterprise as senior
vice president of services business development, reporting directly to me.
Avnet employees give generously of their time and
money to a variety of charitable causes benefiting
the communtities in which they live and work.
letter to
shareholders
letter to
shareholders
AVNET’S INFORMATION TECHNOLOGY ACCOLADES
Lauded throughout FY’01, Avnet’s IT
infrastructure is the foundation
upon which the Company constructs
its global technology marketing and
services initiatives.
■Avnet ranks first in its industry
in the “InformationWeek 500,”
a list of the largest and most
innovative IT users, and garners
gold citations for technology
strategy, e-business strategy, business
practices and customer knowledge.
■FORBES magazine names
www.avnet.com the “Best of
the Best” B2B Web site in the
distribution industry.
■Avnet places seventh among
COMPUTERWORLD magazine’s annual
listing of the “100 Best Places to
Work in IT.” Avnet has been
honored numerous times in the
ranking’s eight-year history.
■A top e-business innovator, Avnet
ranks 13th in EWEEK magazine’s
“FastTrack 500” list, rewarded for
deploying e-business technologies
like customer relationship
management applications,
e-commerce applications, Internet-
enabled data warehouses and
high-speed networking.
■INTERNETWEEK magazine names
Avnet one of its “100 e-Business
Leaders,”recognized for success-
fully generating business
through the Internet.