McFarland discusses the supply chain landscape at A&F, and their experience utilizing GT Nexus platform. She goes on to discuss the implementation of an early payment invoice discounting program for their vendors who needed to be paid faster
Videos
Bridges Insights 2013: Jennifer McFarland Senior Accounting Manager, Supply Chain, Abercrombie Fitch
Published by Uma Rajagopal
Posted on September 13, 2013
1 min readKey Takeaways
- Abercrombie & Fitch leveraged the GT Nexus platform to enhance supply chain visibility and collaboration.
- The company implemented an early payment invoice discounting program to offer faster vendor payments.
- This strategy helped improve vendor liquidity and strengthened supplier relationships.
- Use of dynamic discounting empowered suppliers to choose early payment in exchange for discounts.
References
Frequently Asked Questions
What platform did Abercrombie & Fitch use for supply‑chain visibility?
They utilized the GT Nexus platform to gain real‑time visibility and manage supply‑chain exceptions efficiently.
What is early payment invoice discounting?
It's a dynamic discounting program where suppliers can opt for early invoice payment at a discounted rate in exchange for faster liquidity.
Why did Abercrombie & Fitch implement the program?
To improve supplier cash flow, strengthen vendor relationships, and optimize working capital management.
Tags
Related Articles
Suspected sabotage attack fails to disrupt Milrem deliveries to Ukraine
Rhine water sinks to another record low and transport shifts to land
UK's Revolut gets French bank licence in European expansion drive
US regulator rejects Dutch fintech Bunq's application for national bank charter
Soccer-Premier League clubs trade gambling sponsors for fintech, sovereign investment - report
More from Videos
Explore more articles in the Videos category
Thai Oil on Sustainable Energy, Business Strategy & Future Growth | Exclusive Interview
How Al Madina Takaful Became the Middle East's Best General Takaful Provider/Exclusive interview in London
From Resilience to Innovation: Sucor Asset Management’s Vision for the Future
How AI, Cash, and Customer Experience Are Transforming Banking in Europe
Your Bank.Your Rules
Charting the Future of Banking: Insights from Daniel Asiedu of OmniBSIC Bank Ghana
Unlocking Investment Potential Sucor Asset Management’s Vision for the Next Generation of Investors
Navigating APAC’s Dynamic Markets: Allianz Trade’s Strategy for the Future
Guiding Success: Daniel Asiedu’s Leadership and OmniBSIC Bank’s Growth Journey
Shaping the Future of Banking: Diebold Nixdorf on Technology, Resiliency, and Sustainability
Global Banking & Finance Award® Winner – OmniBSIC Bank Ghana Limited
Revolutionizing Banking in Africa: Absa Bank’s Journey Towards Digital Excellence and Inclusive Growth