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June 9, 2010
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Arrow Electronics Inc. (ARE) opened a new training facility for its resellers and their customers in Manchester through its business segment, Enterprise Computing Solutions (ECS).
In January, the company opened a training center in London. With this the company will be having five training centers in London. Through these facilities, Arrow ECS provides 21 classrooms across England and serves up to 500 students per month.
Arrow completed its previously announced acquisition of Converge, a leading provider of reverse logistics services. Converge offers a full suite of reverse supply chain solutions that are adopted by top-tier OEMs.
Management stated that reverse logistics is developing rapidly and this acquisition boosts Arrow’s global capabilities as a supply chain and logistics expert. Headquartered in Massesscheuts, Converge employs 350 employees with offices in Singapore and Amsterdam, including support centers throughout Europe, Asia and the Americas.
Reverse logistics engulfs all operations related to the re-use of products and materials. In other words, reverse logistics helps in moving goods from their typical final destination for the purpose of proper disposal. For most technology companies, customer returns, damaged goods, service depot returns or simply excess service parts inventory are returned through reverse logistics.
There has been continued focus on process refinement and cost controls by companies in the technological sector, making the forward supply chain an efficient and effective asset for their operations. However, reverse supply chain remains an untapped process that offers many opportunities to further reduce operational overhead and realize efficiencies that can dramatically affect the bottom line.
The acquisition is expected to be accretive to earnings by 5 cents to 10 cents per share annually.
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