Marshall Industries

Last updated April 23, 2019

Marshall Industries NYSE : MI, (1984–1999) was founded in 1954 by Gordon S. Marshall and was among the largest distributors of industrial electronic components, semiconductors and production supplies. The Company also provided its customers with a variety of value added services such as inventory management, kitting, programming of logic devices and testing services.^[1] The Company distributed over 250,000 different products manufactured by over 5000 suppliers to more than 250,000 global customers which included a wide range of original equipment manufacturers, contract manufacturers and value-added resellers. Marshall Industries was sold to Avnet Inc. (NYSE:AVT) ^[2]

The New York Stock Exchange is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978.

Gordon S. Marshall was an American businessman and philanthropist. He was the founder of Marshall Industries, a publicly traded company from 1984 to 1999. Gordon S. Marshall died on June 2, 2015 at the age of 95.

Avnet, Inc. is one of the world's largest distributors of electronic components and embedded solutions and is headquartered in Phoenix, Arizona. Although the corporation's products have been an important part of computer networking, the corporate name is neither an acronym nor a coined word, and dates from nearly a century ago, when it was founded by Charles Avnet in 1921. After its start on Manhattan's Radio Row, the company became incorporated in 1955 and began trading on the New York Stock Exchange in 1961. On May 8, 2018 Avnet officially changed stock markets to Nasdaq, trading under the same ticker, $AVT. Avnet currently ranks #128 on the Fortune 500 and #414 on the Fortune Global 500, reporting FY 2017 revenues of $22.87 billion.

The Company's dramatic transformation and growth from $400 million to $1.8 billion was chronicled in W. Edwards Deming's last book The New Economics, a Harvard Case Study, and Free Perfect and Now,^[3] by Marshall President and CEO from 1992 to 1999 Robert Rodin, a protégé of Deming's.

William Edwards Deming was an American engineer, statistician, professor, author, lecturer, and management consultant. Educated initially as an electrical engineer and later specializing in mathematical physics, he helped develop the sampling techniques still used by the U.S. Department of the Census and the Bureau of Labor Statistics. In his book, The New Economics for Industry, Government, and Education, Deming championed the work of Walter Shewhart, including statistical process control, operational definitions, and what Deming called the "Shewhart Cycle" which had evolved into Plan-Do-Study-Act (PDSA). This was in response to the growing popularity of PDCA, which Deming viewed as tampering with the meaning of Shewhart's original work. Deming is best known for his work in Japan after WWII, particularly his work with the leaders of Japanese industry. That work began in July and August 1950, in Tokyo and at the Hakone Convention Center, when Deming delivered speeches on what he called "Statistical Product Quality Administration". Many in Japan credit Deming as one of the inspirations for what has become known as the Japanese post-war economic miracle of 1950 to 1960, when Japan rose from the ashes of war on the road to becoming the second-largest economy in the world through processes partially influenced by the ideas Deming taught:

Better design of products to improve service
Higher level of uniform product quality
Improvement of product testing in the workplace and in research centers
Greater sales through side [global] markets

Robert Rodin is an American business executive and writer that is best known for transforming Marshall Industries into a pioneering business-to-business e-commerce leader while CEO from 1992 to 1999. Some have referred to him as "visionary" for his early advocation of commerce on the Internet. He is currently the chairman and CEO of RDN Group, a strategic advisory firm, and holds board positions with Supplyframe and Inspirage.

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References

↑ Wall Street Journal. 26 March 1999. Missing or empty |title= (help)
↑ New York Times. June 1999. Missing or empty |title= (help)
↑ Rodin, Robert (1999). Free, Perfect, and Now: Connecting to the three insatiable customer demands. Simon and Schuster, Inc. ISBN 0-684-85022-2.

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[1] Wall Street Journal. 26 March 1999. Missing or empty |title= (help)

[2] New York Times. June 1999. Missing or empty |title= (help)

[3] Rodin, Robert (1999). Free, Perfect, and Now: Connecting to the three insatiable customer demands. Simon and Schuster, Inc. ISBN 0-684-85022-2.