Suppliers (trade creditors) are the lifeblood of all organisations whether they are supplying services like cleaning, maintenance or information technology or indeed supply labour and materials to enable products to be produced or contracts like building projects to be completed.
The complex relationships between all the parties needs to be mapped as the financial supply chain could have serious cash gaps that could cause contractual delays, customer disenchantment and consequences around performance levels that could cause penalties to be incurred.
This course will help you to understand what can be undertaken to reduce non-compliance issues, contractual penalties, supplier failure and deliver appropriate KPI and service level agreements.
On completion of this course, participants will have a greater understanding of:
- The impacts of broken links in the supply chain
- How to manage scenarios to assist suppliers
- The types of financing available to suppliers.
Authored by: John Mardle
An independent educationalist and author on working capital, John has recently written many articles for leading publications as well as facilitating and being a panellist at major events involving the Bank of England, Lloyds Banking Group, UKTI, major technology providers and VC/PE organisations. His recent work has involved ITV, DHL, Sprint Convergence, Astrium Satellites and numerous SMEs, banks, financial institutions and investment houses. John has held senior executive positions in blue chip companies such as Bombardier, Parsons, ABB, Alstom and Wimpey Taylor where he delivered worldwide programmes of strategic cash importance
CPD Points: 1
CPD Duration (hours): 1
Access: 12 months from purchase date