date:May 21, 2014
60 to 120 days, but suppliers are being offered the option of being paid a reduced amount within 10 days.
The practice is becoming more widespread as companies attempt to protect cash flow and companies display more impatience at government delays in meeting promises to introduce measures to regulate late payment.
Commenting on MarsUK, Phil Orford MBE, Chief Executive of the Forum of Private Business, said:
Whilst the Forum of Private Business is a great supporter of supply chain finance sche