In this article, Rapid Electronics introduces a range of services designed to help engineers and buyers, from cost and lead time reductions to 106,000 live SKUs
Established in 1979, Rapid Electronics is a UK-based, digital franchised distributor of electronic components and consumables to the technology industry—from start-ups to leading global enterprises.
Rapid offers services designed to reduce cost/time and assist suppliers and customers in the best way possible. Working with its customers, Rapid offers preferential pricing through an understanding of their procurement patterns, product needs, usage and demands. Rapid lowers costs through supportive fixed prices for periods subject to regular reviews.
Engagement with Rapid can help purchasers manage product costs and lead times, letting them consolidate suppliers and tailor purchases as efficiently as possible. Rapid’s volume pricing means higher quantity purchases offer further support and lower costs. With end-of-column pricing, Rapid can provide customers with great prices on low-volume purchases.
Rapid is a trusted industrial partner that offers long-term stock agreements, holding stock on-site and fixed pricing for up to 12-months to give customers peace of mind and minimise the impact of lead times and rising costs.
Product availability is extensive, offering 106,000 live SKUs on the website, 60,000 stock lines and access to over 500k SKU extended range. For buyers with requests for items not on the website, Rapid may be able to obtain them, helping further consolidation.