Payment Term Update:
The Signode Industrial Group is rationalizing the supplier payment system within our organization and streamlining the overall process. There are over 16,000 active suppliers in our network and the inefficiencies with multiple payment terms and processes requires us to take a new approach. During the 3rd Quarter of 2014, we will be rolling out revised terms to our Global Supply base with significantly fewer options to choose from however a more simple approach for many of our suppliers. There will only be one preferred term per country with discount terms only offered on a very selective basis.
We appreciate your support as we manage through this process but if you have any concerns please contact us at: [email protected].