Procter & Gamble's (PG) plan to save $2B by stretching out supplier payments is nothing new...


Procter & Gamble's (PG) plan to save $2B by stretching out supplier payments is nothing new in the industry. Kimberly-Clark, Church & David, and Energizer Holdings all beat the company to the punch in employing the tactic to free up cash. What to watch: If automobile manufacturers decide to toy with the same idea, analysts think it could create a cash pinch for suppliers such as BWA, NAV, FSYS, FDML, AXL, TOWR, JCI, DLPH, and LEA.

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Comments (3)
  • Trader's Profit Compass
    , contributor
    Comments (2072) | Send Message
     
    THis crap has been going on for 20years. Wal-mart anyone? 2-10 net 30 terms in real life equals net 60 days and they still will take the 2% discount!
    17 Apr 2013, 08:30 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (1205) | Send Message
     
    I don't think on this scale.
    17 Apr 2013, 08:39 AM Reply Like
  • murlan
    , contributor
    Comments (34) | Send Message
     
    As a former small manufacturer and supplier to very large companies, I read this with exasperation. It is the use of raw power and immoral.
    17 Apr 2013, 10:19 PM Reply Like
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