Supplier payment terms – morality tale or legislative imperative?

Last year during a high profile legal process, the former chairman of a publicly-listed retailer openly confessed that the company had pushed out supplier payments as an embedded pillar of ‘business as usual’. Not only was he not contrite nor apologetic about the practice, he extolled the virtues of such an approach as a sound and operationally legitimate way of reducing capital tied up in inventory to be deployed elsewhere for aggressive growth. Clearly he did not have any issues with forci

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