Premier Farnell, a marketer and distributor of electronic, maintenance, repair and operations (MRO) and specialist products and services, has been awarded a three year contract with Rolls-Royce.
The contract, which is subject to annual review, is to supply a broad range of industrial consumables such as hand tools, safety products, abrasives and electronic components to eight separate Rolls Royce sites throughout the UK.
Premier Farnell subsidiaries, Buck & Hickman and Farnell, are involved in the contract, anticipated to generate annual sales in the order of £10 million.
For business critical MRO items, Premier Farnell will supply Rolls Royce with product at point-of-use, via its Vendor Managed Inventory (VMI) stocking solution. This uses electronic inventory control software, to automatically re-order the stock required, with next day replenishment of stocking locations.
This system will be backed up by a tailored online catalogue through Exostar, the aerospace and defence trading exchange, for on-demand ordering of standard consumable products.