Rebuild Procurement Podcast
Sick of the same old procurement blah-blah-blah? Join hosts Tom and Alan, two veterans of the procurement trenches, as they cut through the corporate jargon and get to the heart of the matter. From supply chain disruptions to procurement transformation, we're here to challenge the status quo and rebuild procurement from the ground up. Tune in for weekly episodes filled with wide-ranging, intellectual, and honest conversations that will make you rethink everything you thought you knew about procurement.
Rebuild Procurement Podcast
Stop Chasing Savings, Start Chasing Cash: A Masterclass in Payment Terms Tom
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Tom Finn and Alan Veeck explore why the procurement department should be viewed as the "internal bank" of an organization by strategically managing cash flow and payment terms. We break down the massive financial impact of Days Payable Outstanding (DPO), illustrating how shifting from Net 30 to Net 90 can unlock over $300 million in working capital for large-scale operations. The discussion weighs the benefits of holding cash against the high returns of early payment discounts, noting that a 2% discount for paying in 10 days can equate to a nearly 40% annualized return. Alan shares hard-won lessons on "cash batteries" and mobilization fees, while Tom warns about the hidden interest costs and tricky "End of Accumulation Period" (EOAP) terms that can trap unsuspecting buyers. All this on the latest episode of Rebuild Procurement.
#PaymentTerms #Procurement #WorkingCapital #CashFlow #FinanceStrategy #SupplyChain #DPO #RebuildProcurement #BusinessFinance #TomFinn #AlanVeeck #Treasury #FinancialIntelligence
Apple Podcasts
podcasts.apple.com/us/podcast/rebuild-procurement-podcast/id1768130877
Amazon Music
music.amazon.com/podcasts/4269f220-cf02-42d6-8ddf-4a8f10274d3f/rebuild-procurement-podcast
Spotify
open.spotify.com/show/0WfZWoXNpyYr7raEgdUXrN+
Apple Podcasts
podcasts.apple.com/us/podcast/rebuild-procurement-podcast/id1768130877
Amazon Music
music.amazon.com/podcasts/4269f220-cf02-42d6-8ddf-4a8f10274d3f/rebuild-procurement-podcast
Spotify
open.spotify.com/show/0WfZWoXNpyYr7raEgdUXrN
