Company number: 00248952
and approved by Vitaliy Skovorodko
Average time taken to pay invoices: 48 days
Invoices paid:
Invoices due but not paid within agreed terms: 79%
30 days
90 days
Anixter’s suppliers can be split into (i) suppliers of goods and services for resale or “Material Vendors” and (ii) other suppliers of goods and services that help us run our business or “Expense and Freight Vendors”. Standard payment terms in contracts with Material Vendors are 90 days from delivery of the goods to us. There are no standard payment terms for contracts with Expense and Freight Vendors, but the most frequently used payment terms are 30 days from the date of the invoice.
Answer not provided
N/A
90 days
No further comment provided
Anixter uses weekly payment runs to pay all of its suppliers and vendors, which is an industry common practice. The majority of invoices paid after the due date result from the weekly payment cycle, invoices received later than the payment due date and disputed invoices.
All invoicing issues are dealt in the first instance by Anixter’s accounts payable team (AP). AP will address disputes relating to non-compliant invoices and will reach out to the suppliers or internal business contacts if required.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
No
No