RS shares commitment to driving procurement excellence as an enabler for growth
Oxford, UK, 15 August 2016 - RS Components (RS), the trading brand of Electrocomponents plc (LSE:ECM), the global distributor for engineers, is the headline sponsor at this year’s CIPS Supply Management Awards which recognise distinction in procurement and the supply chain. RS is committed to procurement excellence and working with its customers to help improve efficiency and effectiveness in supply management to drive commercial success.
Respected as a benchmark for excellence, a CIPS Supply Management Award is the most prestigious recognition an organisation or individual in the procurement and supply chain profession can receive. The awards cover the full breadth of the procurement field, from corporate responsibility through to people development and best supplier relationship.
RS is dedicated to sharing best practice in maintenance, repair and operations (MRO) procurement and working with procurement decision makers to find solutions that achieve competitive advantage and drive growth. For example, RS can help organisations to optimise their suppliers and processes to create efficiencies in the supply chain. In addition, data insights revealed by RS enable customers to define cost-saving strategies that help to reduce the true cost of MRO procurement, which is significantly more than simply the cost of products.
Klaus Göldenbot, President, RS Industrial, said: "We’re proud to sponsor the prestigious CIPS Supply Management Awards. Procurement and supply professionals are challenged with a changing world, financial pressures and demanding stakeholders and need suppliers with a partnership mentality who can help. These awards recognise procurement and supply management excellence which is something we’re strongly committed to help deliver."
The winners of the 2016 awards will be announced at the annual ceremony held on 14 September at Grosvenor House in London.
About RS Components
RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the global distributor for engineers. With operations in 32 countries, we offer more than 500,000 products through the internet, catalogues and at trade counters to over one million customers, shipping more than 44,000 parcels a day. Our products, sourced from 2,500 leading suppliers, include electronic components, electrical, automation and control, and test and measurement equipment, and engineering tools and consumables.
Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2016 had revenues of £1.29bn.