Smith & Associates Announces Consignment Warehouse Expansion in Amsterdam.

June 3, 2002 Smith & Associates Announces Consignment Warehouse Expansion in Amsterdam. Escalating European business drives demand for consignment division - offering customers a valuable and robust avenue for eliminating excess inventory. Houston, Texas - Smith & Associates, a leading Independent Distributor of electronic components, announces the expansion of their consignment warehouse in Amsterdam. Smith & Associates reports Europe's escalating demand for their desired consignment service, which aims itself at shedding and sourcing parts quickly - enabling customers to recover costs and balance their inventory. The state-of-the-art warehouse facility is officially open today and has the capability to accommodate up to 150,000 square feet of inventory. The Amsterdam Consignment Warehouse will also provide complete logistics support through: On-site operations: receiving, packing, and shipping Complete confidentiality: Nondisclosure agreements, removal of labels, logos, etc. Comprehensive ESD Program with storage in climate-controlled, ESD-safe warehouse Consignment kept segregated from other suppliers' inventory Detailed list of consignment on hand, monthly activity reports, and warehouse tracking available in real-time on our password protected Extranet Inventory storage - freeing customers' warehouse space 24-hour on-site security, limited access storage facility, high-value vault, theft and damage insurance "Smith & Associates' sophisticated logistics and operations have become vital to maintaining our unsurpassed customer service," stated Gary Morrissey, Vice President, Operations, Smith & Associates. "With increasing European demand for our consignment savvy, coupled with our logistics expertise, we found it was an ideal time and opportunity to expand this particular division in Amsterdam - providing our customers with a beneficial means of liquidating their excess inventory." Smith & Associates Founded in 1984, Smith & Associates ( is a multi-hundred million dollar Independent Distributor of CPUs, semiconductors, electronic components, and computer products to manufacturers and resellers of high-technology and computer equipment. With more than 15,000 suppliers and partners in over 60 countries, Smith is a leader in "just-in-time" replenishment and has the ability to deliver large quantities of components anywhere in the world with very short lead times. Smith's ISO 9001:2000 Certified Logistics and Information Hub in Houston is supported by sales, logistics, and warehousing hubs in Amsterdam and Hong Kong; in addition to sales and purchasing offices in Seoul, Guadalajara, Barcelona, and Silicon Valley. For more information or to reach a Smith representative twenty-four hours a day, please call SmithDirect at 1.800.HOUSTON or +1 713.430.3000.
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