I really REALLY don't understand why this is becoming a thing

Is the "float" a company can make by delaying paying its bills really worth having an antagonistic relationship with all your vendors?

The owner of the first company I worked for out of college was very vocal about his philosophy. We. Will. Treat. Our. Vendors. Well! Because sooner or later, we will need them to bail us out.

He was right.

Just because you can squeeze a couple drops of extra revenue on your spreadsheet doesn't mean its a good business decision.

In response to this post by ElbertoHokie

Posted: 03/03/2020 at 1:04PM

It's a bummer leaving some of our local vendors for bigger national ones -- ElbertoHokie 03/03/2020 10:58AM

Saying it's your job don't make it right boss . . . -- MikeVT85 03/03/2020 11:46AM

I didn't want to do it. I felt I owed it to them... ** -- ElbertoHokie 03/03/2020 11:47AM

You’ll regret it when you need to get some wiggle room on AP. ** -- CPRVHokie 03/03/2020 11:18AM

Nah. I just won't receive PO's into the system. -- ElbertoHokie 03/03/2020 11:19AM

Your vendors hate you. ** -- CPRVHokie 03/03/2020 11:34AM

I think they hate the fact that my company is moving them to Net 60 more. ** -- ElbertoHokie 03/03/2020 11:43AM

I really REALLY don't understand why this is becoming a thing -- Tafkam Hokie 03/03/2020 1:04PM

When your floating hundreds of millions.... -- Naelbis 03/03/2020 9:12PM

Yes, but when you have billions in revenue, a single grouchy supplier -- Tafkam Hokie 03/03/2020 9:55PM

It depends on the size of the supplier... -- Naelbis 03/04/2020 3:30PM

My experience is in industry than retail. In industry -- Tafkam Hokie 03/05/2020 10:08AM

A power thing for the plethora of middle managers out there ** -- 133743Hokie 03/03/2020 3:52PM

Because they can? yeah, we'll pay you in a coupla months. ** -- `lag 03/03/2020 12:34PM

Blame them? ** -- CPRVHokie 03/03/2020 12:30PM

I really REALLY don't understand why this is becoming a thing

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