NetBuy eyes up Europe

NetBuy eyes up Europe
Richard Wilson Online component sourcing site NetBuy, which already boasts over 300,000 products, has its eyes on the European market. “It’s in our plans,” said Jim Moriarty, the company’s v-p of sales and marketing. NetBuy has agreements with over 60 distributors to sell their parts. Each night they upload their available inventory onto the site. Engineers and buyers register their requirements and get the cheapest quote. The order is then processed within 24 hours through the distributor. Moriarty said there is now over $2bn worth of inventory on the site. Average order value at present is $500 “and growing”, he added.


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