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The information contained in each press release posted on this page was factually accurate on the date it was issued. While these press releases and other materials remain on the Company's website, the Company assumes no duty to update the information to reflect subsequent developments. Consequently, readers of the press releases and other materials should not rely upon the information as current or accurate after their issuance dates.
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Please contact Jenny Peters, Head of Corporate Communications
+44(0)2078514102 or email: jpeters@premierfarnell.com
+44(0)2078514102 or email: jpeters@premierfarnell.com
View all Press contactsNewark’s exclusive i-Buy online tool provides electronics buyers
14.01.2010
Flexible solution enables automated one-click approvals, cost control & spend visibility
CHICAGO-JANUARY 14, 2010 – Newark, part of the global Premier Farnell Group, and a leading multi-channel, high-service electronics distributor supporting millions of engineers and purchasing professionals across the Americas, announced today that it has launchedi-Buy , a free, flexible online solution that easily automates the approval process and sets controls over a company’s electronics spend.
This tool is a free enhancement to the distributor’s website at www.newark.com which offers access to over 4.4 million electronic parts for design and maintenance, real-time stock availability and 24/5 technical support. i-Buy has been available in Europe for several years, via Newark’s sister distributor Farnell, and is used there by more than 1,000 customers.
Without the cost of acquiring an enterprise purchasing system, procurement managers at small and mid-size companies can use i-Buy to set
spend limits by individual order, by user or department or within a specific timeframe. An approval structure can also be quickly created to
mirror corporate requirements, offering complete visibility. The tool generates comprehensive reports, including line level detail, which are
downloadable in a CSV format. Newark’s dedicated eProcurement team is available to support customers before, during or after
an i-Buy implementation.
“Current economic conditions have only contributed to the need for tighter corporate spend controls,” comments Dianne Kibbey, head of eProcurment portals and communities, Premier Farnell. “The beauty of i-Buy is that it affords even small companies many of the key benefits of an eProcurement system, without incurring any of the cost or complexity.”
i-Buy works in tandem with Newark’s MY ACCOUNT eSuite tools, which enable customers to track current orders, recall their complete order history, place scheduled orders, retrieve invoices and process quotes online.
More information, including demos, is available at www.newark.com/ibuy
Newark’s eProcurement team can be contacted at eproc@newark.com or 1.877.363.9275.
About Newark
Newark, part of the global Premier Farnell Group, and a leading multi-channel, high-service electronics distributor supporting millions of engineers and purchasing professionals across the Americas, is known for offering the broadest selection of components and test equipment from 440+ top manufacturers for design engineering and maintenance professionals. To meet its customers’ diverse needs, Newark stocks everything from the latest design-in technologies to popular replacement parts, and continually expands its supplier portfolio to offer a true one-stop shopping experience.
For more information, visit www.newark.com
Media contact:
Janice Fleisher
Newark
773.907.5941
CHICAGO-JANUARY 14, 2010 – Newark, part of the global Premier Farnell Group, and a leading multi-channel, high-service electronics distributor supporting millions of engineers and purchasing professionals across the Americas, announced today that it has launched
This tool is a free enhancement to the distributor’s website at www.newark.com which offers access to over 4.4 million electronic parts for design and maintenance, real-time stock availability and 24/5 technical support. i-Buy has been available in Europe for several years, via Newark’s sister distributor Farnell, and is used there by more than 1,000 customers.
Without the cost of acquiring an enterprise purchasing system, procurement managers at small and mid-size companies can use i-Buy to set
spend limits by individual order, by user or department or within a specific timeframe. An approval structure can also be quickly created to
mirror corporate requirements, offering complete visibility. The tool generates comprehensive reports, including line level detail, which are
downloadable in a CSV format. Newark’s dedicated eProcurement team is available to support customers before, during or after
an i-Buy implementation.
“Current economic conditions have only contributed to the need for tighter corporate spend controls,” comments Dianne Kibbey, head of eProcurment portals and communities, Premier Farnell. “The beauty of i-Buy is that it affords even small companies many of the key benefits of an eProcurement system, without incurring any of the cost or complexity.”
i-Buy works in tandem with Newark’s MY ACCOUNT eSuite tools, which enable customers to track current orders, recall their complete order history, place scheduled orders, retrieve invoices and process quotes online.
More information, including demos, is available at www.newark.com/ibuy
Newark’s eProcurement team can be contacted at eproc@newark.com or 1.877.363.9275.
About Newark
Newark, part of the global Premier Farnell Group, and a leading multi-channel, high-service electronics distributor supporting millions of engineers and purchasing professionals across the Americas, is known for offering the broadest selection of components and test equipment from 440+ top manufacturers for design engineering and maintenance professionals. To meet its customers’ diverse needs, Newark stocks everything from the latest design-in technologies to popular replacement parts, and continually expands its supplier portfolio to offer a true one-stop shopping experience.
For more information, visit www.newark.com
Media contact:
Janice Fleisher
Newark
773.907.5941