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Strategy

We have five strategic priorities

Best customer and supplier experience

  • Target growth in industrial and electronics markets
  • Excel at the basics for our customers and suppliers
  • Drive market share gains

High-performance culture

  • Accountable, responsive organisation
  • High-performing, diverse global talent base
  • Strong leadership capability

Operational excellence

  • Simplify – operate for less
  • Continuous improvement on service and cost
  • Maximise free cash flow

Innovation

  • Introduce differentiated products and solutions
  • Embed innovation in the organisation culture
  • Reinvigorate and transform RS Pro

Reinvest to accelerate growth

  • Invest in the business to drive organic growth
  • Selective bolt-on acquisitions
  • Drive attractive returns for shareholders
 

The first step to drive our strategic priorities through our business was the launch of the Performance Improvement Plan (PIP) in November 2015. Our PIP focuses on our first three strategic priorities:
 

 
Early progress on the implementation of the PIP has been encouraging and during H2 2016 we delivered £7 million of savings, which was ahead of target. We are confident we will deliver at least £25 million of annualised net savings in the year to March 2018.

We are still very much at the start of the journey and, while we have increased the pace of change in our organisation, the potential remains significant.

Lindsley Ruth Preliminary Results 2016

Lindsley Ruth, CEO, reviews the progress of Electrocomponents in 2016.

Measuring our success

1 million+

Customers in more than 80 countries

About our customers

500,000+

Products in our range

About our offer

2,500+

Major suppliers worldwide

About our suppliers


60%

Share of total revenue generated by eCommerce

About our channels to market