Payment Terms
Across the manufacturing and service sectors the largest percentage of companies, 31%, use 45-day payment terms. Meanwhile 30% use 30-day terms, 27% use 60-day terms, 11% use 90-day terms, and only 1% report using 120-day terms. Members can access The Metrics of Supply Management: A Cross-Industry Report 2024 in the CAPS Library to see the full report.
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increase the comparative breakouts only they receive.