Homeplus Shortens Supplier Payment Cycle to Up to Three Settlements a Month

Homeplus has introduced a system that can settle supplier payments up to three times a month, seeking to rebuild trust with its vendors.

According to the distribution industry, the company has paid many suppliers on cycles ranging from 10 to 30 days since resuming operations on the 13th of last month.

Some fresh-food suppliers have payment periods of up to 60 days. The report says Homeplus previously had outstanding payment arrangements with some fresh-food suppliers, though the supplied article ends before providing further details.