Electrocomponents has reduced scrap value in its UK business from £1.4m to £300,000 in two years under Project Enterprise, a scheme to clear excess stock.
Anne Bruggink, general manager supply chain at Electrocomponents, said: “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.”
The distributor of electronics and maintenance products says that by April 2011 Project Enterprise aims to reduce scrap value to £100,000, which could add £800,000 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.