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MANUFACTURING
May 2009
&LOGISTICSIT
Paying the price
For many manufacturers and suppliers, the current economic downturn
is vexing enough, and the last thing they need is for customers to
Y 2009
delay due payment for receipt of goods. It seems amazing that many
MA
The European magazine promoting the effective use of IT in supply chain applications
companies get away with such a practice when under the Late Payment
FMCG/CONSUMER DURABLES/ELECTRICALS: of Commercial Debts Act 1998, small businesses have a Statutory Right
Logistics and the art of collaboration
ERP/MRP:
to Interest (SRI), meaning they can in theory charge interest on late
Timely advice for when the upturn comes
payments. However, few seem to be taking advantage of this, and it
FORECAST/PLAN:
Keeping planning & scheduling
doesn’t take a lot of digging under the surface to realise why. The simple
challenges underfoot
END USER ANALYSIS: WMS: fact is that, by taking action or speaking out publicly, many suppliers
ERP ERP Educated picking
ADC:
know they could be in danger of losing an account altogether, with the
Storing up even greater efficiency
PRINT & LABEL:
customer ordering goods from another source instead.
Controlled investment in barcode technology is keyControlled investment in barcode technology is key
VOICE:
Supporting retail growth plans
SUPPLSUPPLY CHAIN::Y CHAIN: Federation for Private Business (FPB) chief executive Phil Orford has
Keeping one step ahead of demand
urged the Government to do more in targetting the UK’s biggest firms.
www.logisticsit.com
“This is not about the FTSE 100 companies having to pay early; it is
SCL Europe 2009
European Supply Chain Logistics Summit
about giving certainty and therefore creating stability throughout the
8th - 10th June 2009 | Swissôtel Düsseldorf, Germany
http://www.supplychain.eu.com/
supply chain by committing to a Prompt Payment Code,” he said,
adding: “This commitment would help to develop much-needed
confidence.” Following the re-entry of the retail giant Argos into its
‘Late Payment Hall of Shame’, four years after its first appearance,
the FPB is urging the UK’s biggest businesses to sign up to the
Government’s Prompt Payment Code.
The FPB is keeping its eye on Argos, which operates more than 700
stores across the country, after the retailer doubled the time it takes to
pay suppliers from 30 to 60 days. Argos was recently bought by FTSE
100-listed Home Retail Group, which recently insisted it would remain
‘competitive’ despite likely price rises following a slump in profits, including
a 4.8 per cent decline in Argos’ sales. The potentially devastating fact is
that, by adopting a practice of late payment, or even enforcing changes
to terms and conditions, customers could put the very survival of their
suppliers in jeopardy. The FPB is urging the UK’s small businesses to
report supplier abuse anonymously by calling 01565 634467 or emailing
campaigns@fpb.org.
Ed Holden
Editor
MANUFACTURING
May 2009
&LOGISTICSIT
3
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