IESA provides “value-added” services in three key areas: sourcing; transaction processing; inventory and stores management.
Its services aim to improve its clients’ efficiency and consolidate indirect procurement vendor base via a Cloud-enabled proprietary marketplace solution, MyMRO.
MyMRO was developed specifically to meet the indirect procurement challenges of large-scale clients, it integrates thousands of approved MRO vendors on to its proprietary marketplace and offers its client base complete invoice consolidation for all transactions. IESA operates a fee-for-services model to corporate clients, primarily in the UK.
The hope is that acquisition of IESA will enhance and accelerate the Electrocomponents value-added services offering, giving it additional capabilities to service corporate customers who choose to outsource their MRO and other indirect purchases and inventory management.
IESA will be run as a separate business unit within Electrocomponents, with the existing IESA CEO, Glenn Timms, reporting to the CEO of the Electrocomponents Group, Lindsley Ruth.
Timms comments: “We will have significant opportunities to leverage the Group’s global infrastructure, resources and digital capability to drive faster growth and benefits for our clients, vendors and employees and are looking forward to the next phase of our development.”
