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Asda reduces supplier payment terms


Asda is reducing its payment terms to 14 days for over 1200 of its small suppliers with sales of up to  £250,000, as it aims to improve relationships with its supply base. 430 suppliers switched to the new terms at the beginning of June.

Asda has already implemented simplified terms and conditions for its supply chain, offering early payment finance options and runs its “Save and Sustain” programme which helps businesses work more efficiently.