In search of improved working capital Tesco bullies suppliers
Working capital specialist, Brian Shanahan tells Gerry O'Kane that Tesco's move to improve its own working capital by taking longer to pay its suppliers, is wrong.
Long accused of pushing suppliers into tough deals, Tesco has ratcheted up its squeeze on them as it searches for improved cashflow.
While it may be asset- or cash-rich, so important is improving the vast amounts of working capital Tesco needs for day-to-day business that it is trying to shore up cashflow by extending payment terms to its suppliers.
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