The “buy chain” – the next place for world-class focus
£327bn of trade credit is locked up in the UK supply chain. The practice of holding payments owed to the next supplier down the chain, effectively creating interest free loans, means that it takes UK businesses on average 58 days to receive payments on 30 day terms.
Getting the “buy chain” flowing is essential to maximising potential growth. Here we explore the financial opportunities that modern technology and best practice provide, and how you can take financial control of the supply chain.