Harris Corporation, Seeking Inventory Exit Solutions, Joins the Partstat Family

By Logan Wamsley

For over 25 years, Partstat has offered their valued customers solutions for managing excess inventory. Recently, Harris Corporation reached out to Partstat to provide exactly that.

Founded as a humble printing press company in 1895, Harris has evolved in the past century into one of the most powerful telecommunications companies on the New York Stock Exchange. As an established leader in tactical communications, geospatial systems, air traffic management, and space and intelligence technology, Harris is responsible for providing cutting-edge tactical equipment for both militaries and the commercial sector alike. Today, over 23,000 employees – 9,000 of which are scientists and engineers – work under the Harris banner to produce more than $8 billion in annual revenue.

In 2015, Harris purchased industry competitor Exelis Inc., nearly doubling the size of the company overnight and further strengthening its position in the global aerospace market. “With about $8 billion in combined pro forma revenue, the acquisition creates significantly greater scale, bringing together two engineering-driven companies and workforces with similar cultures that value technology leadership,” says Harris CEO William W. Brown. “Together, the two companies’ complementary technologies and capabilities strengthen core franchises and provide new opportunities for innovation to solve our customers’ most complex challenges.”

While Harris’ commitment to its customers located in more than 125 countries is legendary, Harris is also known for creating a positive, inclusive culture for its own workforce. In fact, in 2016 The Human Rights Campaign awarded Harris a perfect score in its latest Corporate Equality Index, rating Harris as “one of the best places to work for LBGTQ equality.”

These are values that Partstat proudly shares, and is one of the many reasons why we consider the Harris Corporation a valued OEM customer and business partner.

With our access to Big Data and the unrivaled expertise and intuition of our team of supply chain strategists, Partstat has helped companies around the world perfectly price and market excess inventory to achieve maximum ROI.

We look forward to seeing what new industry innovations Harris brings in the coming years – and helping them resolve any excess inventory issues that may arise.