What if there was a way to automate and maximize supplier discounts, strengthening both your and your suppliers cash positions? What if there was a way to extend this to the long-tail of your supply chain, for your smaller, mom and pop independent contractors?
Coca-Cola Bottling (CCBCC), the largest independent Coca-Cola bottler in the US, manages over 10,000 suppliers, 100,000 non-PO invoices annually and strengthens their supply chain through automating invoice and payment processes.
Coca-Cola Bottling saw an opportunity with one of their supplier segments presenting an offer that they just couldn’t pass up!
The biggest challenge for these suppliers (trucking subsidiary) was the cost of capital that they have to pay in order to finance their operations, such as fuel and lodging while on the road. Previously, these suppliers resorted to factoring their receivables at very high interest rates, which in turn took money out of Coca-Cola Bottling’s supply chain.
So what did CCBCC do to provide a cost of capital that rivals the factoring firms? Hint: Dynamic Discounting plays a role.
Find out in the full details in this case study by Spend Matters.