The word is getting out to the retail sector about my ombud service bill. Big retailers are some of the worst offenders when dictating payment terms to small suppliers. Even big suppliers are affected as are their own supply chains which negatively affects their suppliers' cash flow. It's a chain reaction and normally in the supply chain the organisation sitting at the top comes out best - retailers take in cash from customers and regularly pay suppliers in 60 days or more so getting a turn on their money.
Read the article in Supermarket News here.
My ombudsman proposal has many features of the UK Grocery Code Adjudicator - more info can be found about this here.
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