There is still huge amounts of cash untapped in procurement and the supply chain. In the past businesses used days payable outstanding to borrow cash from suppliers. The longer payment terms the better use of working capital. Or? Today there are a multitude of factors businesses need to take into account – having a fruitful […]
EBG | Insight: Working capital the essence of procure to pay efficiency
Ravindra Rao is Finance Director & Global PMO Leader at Honeywell. His knowledge in cross functional, cross organizational, cross industry process development comes from years of experiences. For ten years he has been working at Honeywell with finance transformation. Their strategy has been to pay vendors on time and work with both internal and external […]