OXFORD, England, November 30, 2010 /PRNewswire/ -- Electrocomponents plc , the world's largest high service distributor of electronics and maintenance products, has announced that Project Enterprise, a green scheme to clear excess stock, has reduced scrap value in its UK business from GBP 1.4m to GBP 300K in just two years. By April 2011 Project Enterprise aims to reduce scrap value to GBP 100K, which could add GBP 800K in UK sales revenue.
Project Enterprise, a scheme devised by RS Components (the trading brand of Electrocomponents), is using new ways to clear discontinued, obsolete and non-moving excess stock in its UK operation. Products such as electric drills are now being sold at discounted prices on the web, at trade counters and through third party brokers, offering customers considerable savings.
Anne Bruggink, General Manager Supply Chain at Electrocomponents, said: "In order to retain our high service levels, our dynamic range of around 500,000 products is constantly being updated, so excess stock presents a challenge to the business. Project Enterprise is proving to be a successful initiative, which is environmentally friendly and adds revenue to our UK operation. Following the success of this scheme, we are planning to roll out Project Enterprise across our global supply chain."
About Electrocomponents plc
Electrocomponents is the world's largest distributor of electronics and maintenance products serving 1.5 million customers worldwide. Through operations in 27 countries and 17 warehouses, the Group distributes 500,000 products ranging from semiconductors and optoelectronics to power tools and protective clothing. The product and service portfolio supports the entire product lifecycle from R&D through pre-production to maintenance and repair, shipping 40,000 orders on the same day they are received.
In the last financial year the Group had revenues of GBP 972.6 million and is listed on the London Stock Exchange. RS Components and Allied Electronics are the trading brands of Electrocomponents plc. For more detail please visit the corporate website: http://www.electrocomponents.com.
In addition more information is available via these links:
Twitter: http://twitter.com/rs4energy
Tweet: Electrocomponents turns trash into cash http://ow.ly/3h0mM
Hashtags: #green #eco #sustainability
RS Components on Linkedin
http://www.linkedin.com/company/rs-components
Relevant Links:
RS Components
Electrocomponents PLC
http://www.electrocomponents.com
Editorial Contact: Andrea Barnard Head of PR and Media Relations Electrocomponents plc andrea.barnard@electrocomponents.com DD: +44-(0)1865-207464
SOURCE: Electrocomponents Plc
CONTACT: Editorial Contact: Andrea Barnard, Head of PR and MediaRelations,Electrocomponents plc, andrea.barnard@electrocomponents.com,DD: +44-(0)1865-207464, Mobile: +44-(0)7980-911708,
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