Standard Payment Terms
Across the manufacturing and service sectors the largest percentage of companies, 38%, use 45-day payment terms. Meanwhile 36% use 30-day terms, 1% use 75-day terms and 11% use 90-day terms. Members can access The Metrics of Supply Management: A Cross-Industry Report 2023 in the CAPS Library to see the full report.
Reports published within the last seven years are reserved for CAPS members, but anyone can create a free CAPS account and access more than 30 years of metrics, best practices, and leading-edge research. If you'd like to read this report now, please consider CAPS Research membership for your organization.