APQC found that top performers on this measure have a CCC of 33.2 days or less on average, while bottom performers take 74 days or longer.
In uncertain economic times, companies need liquidity. But they also need strong supplier relationships.
An APEX Analytix survey uncovers some weak spots in global accounts payable departments.
Companies that put payment terms pressure on their suppliers often don’t realize the economic ripple effects of their actions.
The availability of cheap debt has reduced companies’ incentive to improve working capital management.
