Cdw (NASDAQ:CDWC)
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CDW Corporation (NASDAQ:CDWC), a leading provider of technology products
to business, government and education, was recognized today by Logistics
Management magazine as Gold Winner of the 2007 Logistics Management Best
Practices Award. This award acknowledges CDW’s
commitment to excellence in managing the entire supply chain process
from product procurement, to the reception and flow of products
throughout the distribution center, to the final delivery to our valued
customers.
CDW was recognized by Logistics Management for the operational
excellence of its distribution facilities and its Overnight to
California Program, a program developed to quicken delivery time and
improve customer service to the western region; the initiative cut
delivery times in half and reduced express shipping costs by 40 percent
in 2006. The new distribution center more than tripled CDW’s
capacity for shipping IT products.
CDW was also cited for its inbound efficiencies, specifically, the CDW
Routing Guide that helped set clear standards for suppliers and inbound
carriers. Since the Routing Guide’s
implementation, 98 percent of CDW’s carriers
are compliant with company standards, which has resulted in improved
suppliers' order cycle times.
“The Logistics Management Award is a testament
to our commitment to quality, operational efficiency and excellence in
every aspect of our supply chain operation,”
said Doug Eckrote, senior vice president, operations, CDW. “Our
new distribution center has fulfilled CDW’s
objective of serving as a strategic logistics location and has enabled
us to achieve closer proximity to our customers in the Western half of
the U.S.”
“The editorial staffs of Logistics Management
and Supply Chain Management Review poured through more than 80
submissions from some of the world’s savviest
logistics and supply chain practitioners,”
said Michael Levans, chief editor of Logistics Management. “But
we unanimously agreed that the CDW case study should receive the 2007
Gold Award. The CDW team created and implemented a solution that not
only met customer needs, but cut its outbound shipping costs by 40
percent and set clear new standards for suppliers and inbound carriers.
This is one of the most complete supply chain success stories we’ve
covered.”
CDW supplies its customers with access to the industry's largest
in-stock inventories. Its just-in-time inventory model with two
state-of-the-art distribution centers allows CDW to provide the latest
technology with faster, more accurate delivery to its customers. CDW
operates a 450,000 square foot distribution center in Vernon Hills,
Illinois and recently launched its new Western Distribution Center in
North Las Vegas. At more than 513,000 square feet, this new facility has
a capacity of handling 96,000 outbound cases of IT products every day.
Logistics Management’s Best Practices Awards
is an annual program that highlights some of the top logistics and
supply chain problem solvers around the world. The Gold, Silver, and
Bronze winners are chosen by the editorial staffs of Logistics
Management and Supply Chain Management Review magazines based on reader
submissions. Winners appear in the June issue of Logistics Management.
Past winners include Boston Scientific, International Paper, Diageo, and
American Identity.
About CDW
CDW®, ranked No. 342 on the FORTUNE 500, is a
leading provider of technology solutions for business, government and
education. CDW is a principal source of technology products and services
including top name brands such as Acer, Adobe, Apple, APC, Cisco,
Fujitsu, HP, IBM, Lenovo, Microsoft, Panasonic, Quantum, Samsung, Sony,
Symantec and ViewSonic. CDW's direct model offers customers one-on-one
relationships with knowledgeable account managers and access to more
than 820 on-staff engineers and advanced technology specialists who
customize solutions for customers’ complex
technology needs. CDW also provides same-day product shipping and
post-sales technical support. CDW was founded in 1984 and employs
approximately 5,640 coworkers. In 2006, the company generated sales of
$6.8 billion. For more information, visit CDW.com.
CDW Corporation will file with the Securities and Exchange Commission
(the “SEC”), and
furnish to its shareholders, a proxy statement soliciting proxies for
the meeting of its shareholders to be called with respect to the
proposed merger between CDW and Madison Dearborn Partners, LLC. CDW
SHAREHOLDERS ARE ADVISED TO READ THE PROXY STATEMENT WHEN IT IS
FINALIZED AND DISTRIBUTED TO THEM BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION. CDW shareholders and other interested parties will be able
to obtain, without charge, a copy of the proxy statement (when
available) and other relevant documents filed with the SEC from the SEC’s
website at http://www.sec.gov.
CDW shareholders and other interested parties will also be able to
obtain, without charge, a copy of the proxy statement (when available)
and other relevant documents by directing a request by mail or telephone
to CDW Corporation, 200 N. Milwaukee Ave., Vernon Hills, Illinois 60061,
Attention: Corporate Secretary, telephone: (847) 465-6000, or from CDW’s
website, http://www.cdw.com.
CDW and certain of its directors, executive officers and other members
of management and employees may, under SEC rules, be deemed to be “participants”
in the solicitation of proxies from shareholders of CDW with respect to
the proposed merger. Information regarding the persons who may be
considered “participants”
in the solicitation of proxies will be set forth in CDW’s
proxy statement relating to the proposed merger when it is filed with
the SEC. Information regarding certain of these persons and their
beneficial ownership of CDW common stock as of March 31, 2007 is also
set forth in CDW’s proxy statement for its
2007 Annual Meeting of Shareholders, which was filed with the SEC on
April 16, 2007.
Statements about the expected timing, completion and effects of the
proposed merger between CDW and Madison Dearborn Partners, LLC, and all
other statements in this filing other than historical facts, constitute
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Readers are cautioned not to place undue reliance on these
forward-looking statements, each of which is qualified in its entirety
by reference to the following cautionary statements. Forward-looking
statements speak only as of the date hereof and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause actual results to differ materially from
those projected in the forward-looking statements. CDW may not be able
to complete the proposed merger because of a number of factors,
including, among other things, the failure to obtain shareholder
approval, the failure of financing or the failure to satisfy other
closing conditions. Other risks and uncertainties that may affect
forward-looking statements are described in the reports filed by CDW
with the SEC under the Securities Exchange Act of 1934, as amended,
including without limitation CDW’s Annual
Report on Form 10-K for the year ended December 31, 2006.