Avnet (NYSE: AVT), a leading global technology distributor, today announced it has been awarded a 2016 Total Cost of Ownership (TCOOTM) Supplier Award from Celestica, a leader in design, manufacturing and supply chain solutions for the world's most innovative companies. Celestica’s awards program recognizes suppliers that provide the best TCOOTM performance to Celestica and support the company’s overall business objectives.

“Avnet is proud to be recognized by Celestica,” said Tom McCartney, senior vice president, global and strategic accounts, Avnet. “The ongoing success of Avnet’s engagement with Celestica demonstrates how critical a strategic and collaborative supply chain ecosystem is for organizations that seek to drive innovation, while still maintaining the efficiency and flexibility that are so essential in today’s high-tech sector. In today’s competitive landscape, Avnet will continue to leverage our unique global scale and best-in-class design and supply chain resources to help our valued customer, Celestica, generate the differentiated solutions needed to achieve its targets for robust growth and long-term profitability.”

Celestica’s TCOO Supplier Awards program evaluates and recognizes the top performers in Celestica’s global network of over 4,000 suppliers. Celestica’s TCOO 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, price, flexibility, innovation and technology.

“Congratulations to Avnet for being recognized as the ‘Best Aerospace and Defense Partner’ in Celestica’s supplier awards program,” said Paul Blom, Chief Procurement Officer, Celestica. “Avnet has been consistent, flexible and proactive in their support of Celestica’s Aerospace and Defense business, enabling us to reduce our lead times and be more responsive to our customers.”