Many of my customers pay within two weeks and a couple within 45 days.
In the past I was approached by a company that wanted to pay 90 - 120 days after delivery.
How much debt is held between big corporations and manufacturing based on this 120 day cycle? It seems that it would be a constant debt, maybe new as in a different job, but it is never ending.
How does manufacturing handle that debt especially with the race to bottom mentality?
How is a manufacturing company able to swing that debt along with the high cost of machinery, tooling and materials.
In the past I was approached by a company that wanted to pay 90 - 120 days after delivery.
How much debt is held between big corporations and manufacturing based on this 120 day cycle? It seems that it would be a constant debt, maybe new as in a different job, but it is never ending.
How does manufacturing handle that debt especially with the race to bottom mentality?
How is a manufacturing company able to swing that debt along with the high cost of machinery, tooling and materials.