3 ms·
I know several companies that flat-out refuse to sell components to them. Last I heard, their standard payment terms were net 90, and the word was that they wo
by ortusdux 4y ago
I know several companies that flat-out refuse to sell components to them. Last I heard, their standard payment terms were net 90, and the word was that they would often overshoot this by another 90 days with smaller businesses. Not getting paid for half a year could easily bankrupt a small company.
- a2tech 4y agoI also work with companies that won't sell to GE (since the late 80s/early 90s) because of 1) ridiculous JIT bs with parts 2) extreme hoops to go through to get paid 3) just endless rigamarole at every step with them. It got so bad they switched to selling to Rolls Royce instead because it was easier (and if you know about working with Rolls..this should tell you how bad GE was)
- SoftTalker 4y agoTurbine engine parts, I assume?
- a2tech 4y agoYup, and aircraft engine parts
- W-Stool 4y agoIBM operated the same way back in the day (late 90's). I had a very modest ISV that sold a $5K custom device driver to IBM and it took me nearly a year to get paid. Everything was outsourced - even the accounts payable department. 20 years later in another life I did business with IBM as an enterprise customer. Same complete shitshow. Never again ...
- bunabhucan 4y agoI negotiated GE from net-75 to net-30 (what our other clients paid us) and got so much hate for it.