Network Rail are giving suppliers a welcome cash boost by announcing it will pay suppliers immediately.
Clive Berrington, Commercial and Procurement director for Network Rail, said: “Our priority is to support the supply chain as much as possible through these unprecedented times. We have therefore moved all our suppliers to immediate payment terms, or as close as you can get following approval of the invoice, and we expect that to flow down to the supply chain.”
“Together, we can help to ensure we have a strong supply chain when we emerge from this pandemic.”
At Alkoomi, where we encourage clients to show leadership through actions, this is a great example to the rest of the industry. We hope that more companies will follow their lead.