Supply Chain

You are here: Home : Topics A-Z : Supply Chain

GM Speeds Up Checks to Suppliers, Government

The carmaker says it will be able to pay off its debt to the U.S. Treasury faster than expected and aims to keep cash flowing smoothly through its supply chain.

November 16, 2009

General Motors will be paying suppliers more regularly as the postbankruptcy version of the company seeks to grow and eventually become publicly traded again. Doing so will "smooth out the cash-flow portfolio for our supply base as well as smooth out the cash-flow portfolio for us," said CFO Ray Young during a conference call Monday. "We're trying to work constructively with our supply base to find ways to help them even during these particular challenging times." Read more...

Follow this topic

Sign up for newsletters
Subscribe to our Supply Chain RSS feed

More Supply Chain Articles

A New Window on Cash
Emerging standards for electronic cash transactions promise to shed more light on liquidity and cash flow. November 1, 2009
Ops-Savvy CFO Flies High
ThyssenKrupp Aerospace's Doug Penner spends his time educating business-unit managers about finance and tailoring processes to the company's operational needs. October 14, 2009
Changing Hats: Xerox to Pay $6.4B to Become a BPO Provider
One week after Dell announced plans to buy Perot Systems, Xerox says it will snatch up ACS, another U.S. outsourcing supplier. September 28, 2009
Curbing Fleet Costs
Fewer cylinders, more GPS, backup leases, and better benchmarking are just some of the ways fleet managers are outpacing rising costs. September 24, 2009
Trade Creditors Ease Up on the Deadbeats
In the spirit of maintaining customer relationships when few companies can afford to lose business, trade creditors are keeping some delinquent collections work in-house. September 16, 2009
CFO: Stop Treating Your Inventories Like Fine Wine
The finance chief of Genco Marketplace says slow-moving products don't age well and should be better monitored. September 10, 2009
Kraft Finds a New Place to Cut Costs: Purchasing
Lusting to acquire Cadbury, the food maker is looking to chop its current list of 70,000 suppliers in half. September 9, 2009
Will Caterpillar's Walgreens Deal Shrink Drug Costs?
The tractor maker's pharmacy-benefit arrangement seeks to cut out the middleman to gain transparent pricing. September 4, 2009
Getting Back to Black Drives Toyota CFO
As the automaker waits for consumer demand to spike, the finance chief for its U.S. sales and marketing arm works to keep costs low and efficiencies high. September 3, 2009