Premier Farnell announces major investment in inventory

1 min read

Development Distributor, Premier Farnell, has announced that it has made a substantial investment in product inventory as well as in the addition of a number of new suppliers to its product offering.

As a result the distributor has seen a major expansion in both the breadth and depth of its line card,

Over the past 12 months, the company has invested almost $100million in additional inventory, from $350million in stock a year ago to $444million 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 suppliers such as Xilinx, Nordic Semiconductor and Arduino, which add greater choice for customers.

The additions made are across the entire range of product categories distributed by Farnell element14, from Semiconductors, Interconnect, Passive and Electro-mechanical, Single Board Computing; to Test and Tools where Farnell element14 leads the market for high service distribution.

Commenting, Chris Breslin, SVP Product for Premier Farnell and Farnell element14 said: “The significant investment made in inventory and supplier relationships means that customers can count, more than ever, on Farnell element14 to provide the products they need, when they need them.”