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RS COMPONENTS SCOOP TOP UK AWARD FOR ONLINE INVESTMENT

RS Components Limited was today (November 11) crowned the winner of The E-Business Strategy of the Year Award as part of the prestigious The National Business Awards 2003.

RS Components Limited beat off stiff competition and received their 'business Oscar' before an audience of more than 1,200 business leaders and VIPs at London's Grosvenor House Hotel.

Oxfordshire based RS Components is a leading supplier of industrial products and has a range of over 300,000 product lines. Traditionally the business operated through a mail order catalogue to a vast customer base. However, the online world offered a new direction and the chance to develop a world-class system to benefit not only the company and employees but customers too.

'Think global, act local' has been a strategy adopted by many but few have delivered. RS Components have developed a global solution, which is tailored to each market, supporting not on language variations but currencies too. It is a customised e-procurement tool called PurchasingManager™ that is provided free of charge to customers, thus avoiding the high entry cost that is normally associated with such facilities.

The system was developed in the UK and rolled out to over 70 countries across the world. It has enabled RS Components to reduce the cost of purchasing for its customers, which has created an E-Business facility with real value-add and the ability to be the most cost-effective supplier in the market.

The runners up for The E-Business Strategy of the Year Award were: Avon Cosmetics, www.house.co.uk, BT plc and TM Property Service Limited

Orange sponsors the National Business Awards with 24 different categories being awarded in all.

There were over 1900 nominations for this year's event, created by the publishing and events company Quest Media to recognise and reward commercial success, innovation and ethics in the UK business community.

The National Business Awards engages FTSE 100s and blue chip companies together with new ventures and SMEs.


The National Business Awards is organised by Quest Media Limited.
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