Wholesale & Distribution International 2018 - Volume 5, Issue 1 - 25
pabilities, TTI's new distribution center also offers a number of
amenities to employees including an outdoor patio and fitness
center. "When we were in the process of building this facility,
we visited more distribution centers around the country than
I could count," Strawn says. "In addition to benchmarking and
establishing best practices from a fulfillment standpoint, we
wanted to learn about things that we could incorporate into the
design to make it a great place to work for our team.
"We want to make sure this is not only the best building for
serving our customers, but also a great place to work," he adds.
TTI will use many of the features in the new Fort Worth distribution center in a new distribution center in Munich, Germany, now under construction.
The company's global footprint is one of the most significant
ways it has grown since Paul Andrews founded it in 1971. Andrews, who initially sold parts out of his kitchen, sold the company to Berkshire Hathaway in 2006 but remains involved with
the company on a daily basis as its CEO.
Since 2006, TTI has owned Mouser Electronics, a distributor of semiconductors and electronic components for
more than 600 leading manufacturers. The company handles
low-volume orders for the business-to-business as well as the
TTI in 2012 purchased Sager Electronics, which distributes
interconnect, power and electromechanical products. In early
2017, TTI added specialty semiconductor distributor Symmetry Electronics to its holdings.
The operations of all three of those companies were enhanced
following TTI's acquisition of additional firms to support their
operations. Aside from Mouser, Sager and Symmetry, the majority of TTI's acquisitions are fully integrated into the company.
"We typically buy companies not for our top line, but for
strategic reasons including strengthening ourselves within a
particular geography or increasing the value proposition of
what we can do," Akery says.
TTI and its subsidiary companies have the ability to provide products to customers throughout the world effectively. "Globalization, for us, has meant that we have to support
customers on a global basis," Akery says. "Our customers
are looking for consistency and availability of our products
throughout the globe. From a logistics standpoint, the
ability to move products efficiently around the world is the
price of entry for what we do."
TTI's new warehouse provides space for the
company's aggressive inventory strategies.
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