Electrocomponents plc (LSE:ECM), 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 £1.4m to £300K in just two years. By April 2011 Project Enterprise aims to reduce scrap value to £100K, which could add £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."