Premier Farnell has released a statement lately, which stated that the company has made a substantial investment in product inventory as well as the addition of a number of new suppliers to its product offering. The result is a major expansion in both the breadth and depth of the distributor’s line card over the past year, giving customers even more confidence to come to Premier Farnell for the products they need when they need them.
Over the past 12 months, the company reveals that it has invested almost $100M in additional inventory, from $350M in stock last year to $444M currently, increasing availability of in-demand products and the latest new product introductions. This represents an additional 77,000 new SKUs (product identification codes) added during the year.
Chris Breslin, SVP Product for Premier Farnell said: “The significant investment made in inventory and supplier relationships means that customers can count, more than ever, on Premier Farnell to provide the products they need, when they need them. As the Development Distributor, it is our aim to be there when it matters, and we are delighted to be able to do so, every day, for our many customers across the globe.”
Further, to add on the investment in stock, a number of new franchises have been added to the Premier Farnell product offering. These include key new suppliers such as Xilinx, Nordic Semiconductor and Arduino, which adds a greater choice for customers. Additions cross the entire range of product categories distributed by Premier Farnell, from Semiconductors, Interconnect, Passive and Electro-mechanical, Single Board Computing; to Test and Tools where the company leads the market for high service distribution.
Premier Farnell operates as Farnell element14 in Europe, Newark element14 in North America and element14 in Asia Pacific.
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