Wesco.com
Title
WESCO International, Inc.
Description
During the year 1922, WESCO is founded by Westinghouse Electric Corporation since it wants to sell and distribute its manufactured goods. Being a part of the organization of Westinghouse, WESCO flourished and increased. It has been recognized as a popular and reliable company of electrical products all throughout the American market. Over the passing years, Westinghouse modified its business focus. It got rid of its several manufacturing divisions of electrical commodities.
In the year 1994, CD&R (company of private investment, and management team) bought WESCO from the corporation of Westinghouse. During April 1998, WESCO Distribution’s management, together with the sponsorship provided of an investor group, bought WESCO. The purchase has been possible through a funding which has been managed by owners of a recapitalization, and CD&R. The value of the funds amounted to over $1.1 billion. During this time, WESCO International, Inc is founded in relation with the transaction on recapitalization. During May 12, 1999, the new WESCO transacted its first offer of common stock trading to the public. This happened at the stock exchange market of New York. Its symbol is WCC.
The Current Profile of WESCO International, Inc
Recently, WESCO International, Inc is displaying an impressive array of numbers. It has taken in a total of more than 7,000 workers. It has 400 branches which provide full services. On the other hand; its high technology distribution centers has already reached 7. Its stock supply of products is 215,000, and it has served over 110,000 consumers all throughout the globe. To top all of these figures, it is included with the Fortune 500 list of superior companies. During 2006, its total sales have amounted to $5.3 billion.
Other than amazing figures, there is more to WESCO International, Inc than these. It is a specialist company on procurement; aiding the consumers with the lessening of the cost of supply chains. It consistently increases the effectiveness of its business operations by blending ground breaking, advanced distribution expertise and top services. With the following statements, you are guaranteed of the company’s excellence:
- It has a national account program which heads other industries. Through this, a huge number of international and national clients and consumers are served, along with complicated service needs.
- It is the biggest provider of IS (integrated supply) services to other companies who are interested with outsourcing their management functions of materials, and procurement.
- t has wide expertise on extensive construction, which is used to support huge and complicated construction projects. These may include: airports, hospitals, and sites for industrial plants.
- It is a leader in the establishment of e-Procurement relationships. These relationships, which have high quality content and advanced connections, are offered to suppliers and customers.
- The shipment of the products takes place within the same day of the order. Customers are allowed to make their order online. On the other hand, the management and fulfillment of the central orders are done through five distribution centers, which are found strategically.
- The availability of the products, along with emergency services, is offered twenty-four hours, seven days each week.
With its top-of-the-line service, WESCO International, Inc provides its customers with more products and brands.
The Services of WESCO International, Inc
WESCO International, Inc leads other companies when it comes to providing a broad scope of services. On the other hand, its procurement solutions bring out its product comprehension; and expertise on systems and logistics. These will, in turn, allow the consumers to lessen the value of their supply chain.
eCommerce – through its online site, WESCO International, Inc commits to offer services and products which will help the suppliers and the customers. On the other hand, through this also helps with the development of new and ground breaking tools which are used to make the company ahead of the competition.
Energy Savings – WESCO International offers its customers with product replacements which are effective when it comes to saving energy.
WESCODirect.com – this is a tool which allows the consumers to enhance the effectiveness of their ordering capacity. Plus, they will be able to buy products securely online, and obtain information 24/7.
Other than the aforementioned services, WESCO International also offers services for export distribution, Datacomm services and products, and repair management for industrial electronic products.
References:
- http://en.wikipedia.org/wiki/WESCO_International
- http://wesco.com/
- http://wesco.com/about/overview.asp
- http://wesco.com/about/orgstructure.asp
- http://wesco.com/capabilities/services.asp
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