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Procurement Transformation Blog | Capgemini
Author Archives: Kaush Oza
Cost of Capital as Leverage for Effective Supplier Payment Terms
An effective payment terms strategy can yield positive cash flow besides streamlining the compliance process for payments. Payment terms reflect an agreement between a buyer and a seller specifying the timing and expectations regarding financial settlement. For example, “2% 10 Net 30” is payment of the face value of the invoice payable by day 30 or a 2% discount from the face value and paid within 10 days. The primary focus for most companies relies …
Gaining Competitive Advantage via Ethical Manufacturing Sourcing
Ethical Manufacturing Sourcing is a critical component of Corporate Social Responsibility. The goal is to use suppliers that incorporate principles of morality in manufacturing conditions, including proactively trying to reduce harm to and / or exploitation of labor and the environment. Addressed correctly, ethical manufacturing sourcing minimizes the risk of failure within the supply chain. Some industry sectors are more impacted than others. Not surprisingly, the retail and consumer product industries garner the most public …
