Dell on the defensive after late payments criticism.

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Following yesterday's news that Dell had been placed in the Forum of Private Business' Late Payments Hall of Shame Dell's David Frink, in its corporate affairs department gives us a bit more information.

This is his statement:

"The 65-day payment term is being put in place on a global basis for Dell's non-production procurement, which includes vendors such as telecommunications companies, insurance companies, financial services, services vendors.

The change is being made to fully standardise Dell's payments; the company's production procurement already is on a 65-day schedule.

The standard does not apply to certain exempted diverse suppliers, including many certified small vendors, whose terms can be shorter, generally ranging from 20-45 days.

The standard does not apply in countries where there are restrictions; some examples include France, Japan, Korea, India; or in some countries in which credit costs are extremely high (Brazil)."

 

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This page contains a single entry by Karl Flinders published on June 29, 2010 9:48 AM.

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