Payment on time

| Factsheet

Manufacturing companies like our client, a Global Control Equipment Manufacturer, have highly complex supply chains, with a supplier network that is often spread all over the world. As a result, supply networks can be highly complex and often require “just in time” deliveries or “just in sequence” production. If companies like our client do not make timely payments, the impact on their credit position can be detrimental to the organisation. It also increases the likelihood of late deliveries, which, in turn, affects production. One example of why such late payments may be commonplace can be traced back to the large number of different vendors.