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Arrow Electronics Inc started as a small electronics distribution company that has recently claimed the number one position as leader in the electronics distribution industry Headquartered in Melville New York Arrow Electronics Inc currently has 225 sales facilities and 19 distribution centers in 37 countries worldwide The bulk of products that Arrow sells can be condensed into two categories electronics components and computer products Arrow has reached the top half of the Fortune 500 company ranking and plans to stay there Their distribution network spans across three major electronics markets North America Europe and AsiaPacific region Several factors have influenced Arrows industry leadership Through strategic acquisitions and steady growth Arrow has climbed to the top of the market The philosophy that has enabled Arrow to become the worldwide leader in electronics distribution is teamwork The teamwork philosophy can be summed up in five objectives 1Maintain our strategic vision and the courage to preserve 2Offer the most comprehensive selection of world-class quality product lines 3Create the most innovative distribution techniques and value added capabilities 4Provide easy worldwide access to our products and services 5Develop the most knowledgeable motivated and well-trained employees Arrow feels that more than anything the electronics business is a service industry Arrows latest acquisition was of MOCA a leading reseller of Sun Microsystems in North America This acquisition became complete on Oct 30 2000 MOCA with 1999 revenue of nearly 1 billion is focused mainly on selling Sun enterprise software storage area networks operating systems and professional services Arrows most substantial competitor is Mitsubishi Electric and Electronics USA Inc Mitsubishi Electronics is ranked in Forbes International 800 as number 50 with revenues in excess of 35 billion Mitsubishi Electronics is an American division of the parent company Mitsubishi Co that owns a substantial amount of subsidiaries in a wide range of industries Short-term liquidity is an organizations ability to meet current payments as they become due Liquidity is also a
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