Thinning margins, changing consumer preferences, and stiff global competition — it’s tough times for the CPG industry. One effective way to improve profitability and support growth is to optimize working capital by extending supplier payment terms.
In a new white paper, Extending Supplier Payment Terms in the CPG Industry: An Objective Look at Benefits, Challenges and Feasibility, GEP’s industry experts discuss the feasibility of extending payment terms to improve the flow of working capital. They also share a framework for procurement and finance teams to determine if it’s a viable strategy for their company.
- Benefits of extending payment terms for CPG companies and suppliers
- Impact of money market rates on extending payment terms
- Key challenges in extending supplier payment terms
It’s a must-read for all procurement and finance professionals in CPG industry.