Premier Farnell Announces Major Investment in Inventory Plus New Suppliers to Add Depth and Breadth to Product Offering
May 15, 2018
Premier Farnell, the Development Distributor, has announced a substantial investment in product inventory as well as the addition of a number of new suppliers to its product offering. The result...
Investment provides Newark element14 customers with even greater access to the latest new product introductions and established offerings
Chicago, May 15, 2018 – Premier Farnell, the Development Distributor, has announced 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 Newark element14 for the products they need, when they need them.
Over the past 12 months, the company has invested almost $100M in additional inventory, from $350M in stock a year ago to $444M today, 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.
To complement this 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 add greater choice for customers. Additions cross the entire range of product categories distributed by Newark element14, from Semiconductors, Interconnect, Passive and Electro-mechanical, Single Board Computing; to Test and Tools where Newark element14 leads the market for high service distribution.
Chris Breslin, SVP Product for Premier Farnell and Newark element14 said: “The significant investment made in inventory and supplier relationships means that customers can count, more than ever, on Newark element14 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 North America.”
Premier Farnell operates as Farnell element14 in Europe, Newark element14 in North America and element14 in Asia Pacific.