← 5 Tips for Independent Success in the Fashion Industry

Painted-in-corner-620×480

By Anslem Samuel | Published January 6, 2012 | Full size is 620 × 480 pixels

Be Prepared For The Worst “At one point in time your purchase orders meant everything, but because we’re in a recession and everyone is hurting, a big purchase order does not impress manufacturers as much as it once did,” Murray reveals. “There are accounts that either don’t have good credit, slow credit or no credit at all. When dealing with those type of accounts you cannot count on that money, so all of a sudden what was once a certain amount in billing has significantly decreased because of the accounts credit issues. Sometimes accounts back out of purchase orders as well. There are some small mom-and-pop accounts that pay by credit card or cash on delivery but most accounts operate on a net 60-90 day basis. It’s all part of the business.”

Be Prepared For The Worst

“At one point in time your purchase orders meant everything, but…

(Image: ThinkStock)

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>