Arrow Electronics Partners with One Network Enterprises for Global Supply Chain Service

Filed in archive Partnerships on January 20, 2007

Arrow Global Components, a business unit of Arrow Electronics, Inc. (NYSE: ARW - News), today announced the worldwide release of Arrow CARES, an inventory, auto-replenishment system, developed in partnership with enterprise application and network provider One Network Enterprises. Arrow CARES now is a Web-based system that accommodates eight languages-English, Korean, Simplified Chinese, Traditional Chinese, French, German, Spanish, Italian-and more than 170 currencies.

"This updated version of Arrow CARES is a powerful, global tool that will provide tremendous value to our original equipment and contract manufacturing customers, and electronics components businesses in all regions," said Bob Martin, director, Supply Chain, Arrow Electronics.

According to PR Newswire, Arrow CARES enables customers and their suppliers to implement and effectively manage Lean manufacturing procurement and inventory operations without costly technology investments. Customers can get started using Arrow CARES immediately without software installation requirements or network compatibility issues. The latest version contains many new features, such as management of multiple facilities and inventory locations, the ability to fine-tune inventory replenishment decisions, and upgraded reporting capabilities.

"We are delighted to partner with One Network Enterprises to offer our customers a flexible, Web-based system that provides stringent data security using HTTPS 128-bit encryption with our customers' confidential information securely hosted by a third party," said Martin.

"CARES is an ideal combination of Arrow's unmatched commitment to customer success and One Network's powerful Multi-Enterprise Replenishment Network," said John Keenan, chief executive officer, One Network Enterprises. "Our advanced application functionality, delivered across a global network, represents the next-generation of systems and will enable Arrow's customers to both rapidly and easily manage critical replenishment processes." Now in its eighth version, Arrow CARES has been benefiting manufacturing customers for more than a decade. It helps them to decrease inventory and associated costs, reduce inventory shortages, and improve productivity and order management by replacing manual data entry with a more streamlined, automated ordering process.