Avnet Receives Total Cost of Ownership Supplier Award from Celestica

Avnet Electronics Marketing, an operating group of Avnet, Inc., has been awarded a 2014 Total Cost of Ownership (TCOO^TM) Supplier Award from Celestica, a global leader in the delivery of end-to-end product lifecycle solutions. Celestica recognized Avnet as Best Distributor Partner through the awards program, which recognizes suppliers that support Celestica’s TCOO^TM strategy and demonstrate excellence in quality, delivery, technology, service, pricing and flexibility.

“Avnet is proud to be recognized by Celestica,” said Lynn Torrel, senior vice president, global supply chain and strategic accounts, Avnet Electronics Marketing. “Receiving the Best Distributor Partner award underscores our commitment to delivering unique supply chain solutions and design chain services to help Celestica reduce the time to market for their customers. Our goal is to achieve even greater results as we continue to support Celestica globally.”

This marks the ninth year of Celestica’s TCOO^TM Supplier Awards program, which evaluates and recognizes the top performers in Celestica’s global network of over 4,000 suppliers. Celestica’s TCOO^TM 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, technology, service, pricing and flexibility.

“Congratulations to Avnet for being recognized as the Best Distributor Partner,” said Paul Blom, Chief Procurement Officer, Celestica. “This is the second consecutive year that Avnet has been recognized with a TCOO^TM award. In the spirit of continuous improvement, Avnet achieved significant improvements in 2014 in several areas of their TCOO^TM scorecard to provide best-in-class pricing, consistent service levels across all geographies and customized supply chain solutions.”

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About Avnet Electronics Marketing

Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. that serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in more than 80 countries, distributing electronic components and embedded systems from leading manufacturers and providing associated design-chain, supply-chain and value-added integration services. The group's website is located at www.em.avnet.com.

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 28, 2014, Avnet generated revenue of $27.5 billion. For more information, visit www.avnet.com.

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