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Achieve stability with a long term stock agreement

Achieve stability with a long term stock agreement
Early 2019 looks like being an uncertain time for the electronics industry. Factors such as Brexit, the Chinese New Year and the continued shortages in the global component market are adding extra challenges for procurement teams.

At Rapid we can offer a flexible solution by guaranteeing your stock, delivery dates and pricing for major or ongoing projects. Forward, scheduled or call-off orders, or "long term stock agreements", are available to credit account customers who are looking for greater control over their stock, pricing and shipments.

With any of these type of orders we will guarantee to deliver the products you order, on the dates you set or request, and at a bulk price that will not fluctuate throughout the period of the agreement. On placement of your order*, we will purchase the full amount of stock, allocate it to your order in full and securely store it ready for when you need it.

Forward Order

A forward order is ideal if you want stock delivered on a single specific date, usually within a 12-month period. Once the stock has been allocated to you, it will be possible, subject to agreement, to change the date of your delivery.

Scheduled Order

You can schedule deliveries, usually over a 12-month period. However, longer term agreements can be negotiated. We will buy all the stock, meaning that we are able to secure the best possible price. Stock will be on site from the confirmed date, allocated to you immediately and can be delivered in full at any time if required. Dates need to be pre-agreed when ordering.

Call off Order

With this type of order you can request - at 24 hours notice - to call down some or all of your stock, up to the agreed amount of delivery drops at any time over the contracted time period. A contractual agreement is required because all of the stock will be purchased and held in full on site by Rapid, and reserved exclusively for you.

What we will do for you …

  • Source and negotiate on your behalf, providing fixed pricing and confirming all costs and options in advance
  • Keep you fully informed, from when the stock first arrives at our site to monthly updates about the stock balance and the remaining time on your agreement
  • Provide invoices with every delivery, so that you only pay for what you use, when you use it
At present these agreements are only applicable to offline orders, but an online service will be available soon. More information is available here:

www.rapidonline.com/longtermstockagreement





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