Clearly in this business economy cash is not only King, it’s pocket Kings with the flop on the way (for you WSOP fans!). To protect their businesses and ensure sufficient cash flow in this tight credit environment, organizations are doing everything they can to hold on to the cash they have and free up even [...]

[Read more →]

The credit crisis is the supply chain risk getting most of the attention these days. But in the recent online Town Hall forum, IACCM President & CEO Tim Cummins, pointed out another risky behavior that many companies engage in. Tim said a “hero culture”, where saving the company from disaster in the nick of time, [...]

[Read more →]

A member of the Buyer & Supplier Contracts Group on LinkedIn recently posted a very interesting question to the community:
In this Volatile market scenario is it ethical to renegotiate the existing contracts? Is this the only way to survive in the business?
In the current economic and credit climate, I’m sure a lot of companies are [...]

[Read more →]

News this week that Tesco is looking to double its payment terms with suppliers to 60 days should certain raise some eyebrows within (and beyond) cash-strapped food service and retail sectors. Yet, hopefully, it will not cultivate a cult of imitators.
While cash is certainly king in today’s economy, this is not the time to withhold [...]

[Read more →]

In a blog post last Friday, Jason Busch brought up an interesting twist on the credit crisis…namely the ability of businesses to pass along increased supply chain costs to the end customer in an environment of tightening belts and lowered spending. He cites a story out of the UK where Marks & Spencer and [...]

[Read more →]