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
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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.
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