Cash delays are bad for business
3 April 2012
Purchasers find themselves stuck in the middle of tussles between suppliers and their own finance departments over late payments, writes David Arminas
Relationships with suppliers are built over time, usually with a lot of hard work and patience from procurement professionals. Late payment to these suppliers could throw the entire relationship into disarray with damaging consequences.
Non-payment or late payment can affect a supplier’s ability to perform to, or indeed improve on, contractual specifications...