You CAN gain in reputation and buying power when you commit to prompt payment.
Why?
Suppliers will be keen to work with you.
You avoid costly late payment charges or compensation claims.
You save on fire fighting and strained relationships.
You approach suppliers and customers on confident terms and build their confidence in you.
Extra benefit to your company
Your suppliers' incentive for reliability will enable you to give reliable service to customers and help you to improve your terms.
Closer cooperation with your suppliers can lead to wider benefits like suggestions for more efficient delivery patterns, or new insight into alternatives for components or supplies.
Customers with concern for efficiency and responsibility in business practice will reward your commitment.
Each 'How-To' briefing is available in pdf or word formats. To read the PDF document with a screen reader please link to the Access Adobe website which provides useful tools and resources. Adobe also has a free online conversion tool for PDFs.
