ARW Arrow Electronics Inc.

Arrow Electronics Honored with Two Wins at the Business Transformation & Operational Excellence Awards

Arrow Electronics, Inc. (NYSE: ARW) was awarded with two prestigious honors during the 2018 Business Transformation & Operational Excellence World Summit & Industry Awards.

Best Achievement of Operational Excellence in Technology and Communications: Arrow’s innovative Lean Sigma Drones project took home the top prize in this category. An employee-driven initiative, the project captures high-definition video of warehouse processes from a birds-eye view, which employees review alongside an Arrow Lean Six Sigma Black Belt. Though the project launched in 2016, last year it was taken a step further by mounting 360-degree cameras to high vantage points within Arrow warehouses. The cameras securely capture and feed high-definition process footage to the cloud, so business operations leadership can access it from anywhere.

Since its launch, the project has increased productivity for targeted processes by 56 percent, and reduced 6.8 million walking steps in warehouse operations annually, or the equivalent of 3,400 miles.

Best Achievement in Operational Excellence to deliver Digital Transformation: In this category, Arrow was honored for its Click to Ship process improvement initiative, launched to improve on same-day shipping fulfillment for orders received via Arrow.com. By creating, and successfully executing, a strategic, cross-functional, action-oriented plan to streamline the way data is processed throughout Arrow’s entire e-commerce selling motion, the Click to Ship initiative substantially increased same-day shipping performance in just 90 days.

“Arrow’s global logistics services team is constantly looking for new and innovative ways to better serve our customers, both internally and externally,” said Mary Beth Edwards, vice president of Arrow’s global business operations. “We are thrilled to be recognized in these categories for our efforts to guide innovation forward.”

The Business Transformation & Operational Excellence Awards showcase globally outstanding organizational achievements, with a focus on operational excellence.

Arrow’s dedicated global logistics services business helps to create a competitive advantage for customers with tailored supply chain solutions, best-in-class global capabilities and excellence in execution. Customers can benefit from improved efficiency, flexibility, scalability and reliability; reduced risk and total costs; and an improved ability to focus on critical priorities while Arrow handles their logistics function. Learn more at http://www.arrow.com/en/arrow-services/logistics-services.

About Arrow Electronics

Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 150,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network. The company maintains over 300 sales facilities and 45 distribution and value-added centers, serving over 80 countries. Learn more at fiveyearsout.com.

EN
19/03/2018

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