Paying suppliers

[george]

Is it just me, or are suppliers getting a bit more jumpy about being paid quickly, even BT seem to be fretting these days.

[pinbrook]

its all to do with cost cutting and therefore being competitive IMO

the less you spend on getting money in and the quicker you can do it means you can shave prices to the end customer.

Its one of those things that I have been observing recently - and is becoming a pet topic for me, this relentless drive that we as consumers demand, to getting everything as cheap as possible..... it all comes at a price

political soapbox over now

[jont]

Sure we fend as many calls from suppliers demanding monies 6 months prior to us ordering as customers demanding to know where their goods are 2 seconds after placing the order

I can see a position soon where offering 30 days credit is going to be a massive feature as promoted by suppliers.

[Mark H]

I can see a position soon where offering 30 days credit is going to be a massive feature as promoted by suppliers.

But most online shops already offer credit - customers don't have to clear their credit card balances straight away

On the flip side, we recently had a commercial customer's accounts department on the phone demanding to pay for an order which we hadn't received yet - the order didn't arrive from that company for another five days.

[Miranda Stamp]

Two of my suppliers now offer 4% extra for paying on receipt of goods.
One of them, supplier A, takes credit card payment *and* gives the 4% - and as I have remaining 6 months of a 9 months interest free on purchases card between the 2 I'm doing OK on margin for supplier A.