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Caterpillar – supply chain finance
02 March 2011
Streamlining working capital
In 2009 Caterpillar, the world’s largest manufacturer of construction and mining equipment, was facing several supply chain management challenges. Expecting a post-crisis improvement in the global economy and forecasting significantly increased purchase volume, Caterpillar was concerned that its suppliers might lack access to the working capital necessary for financing during an upturn. Caterpillar’s payment terms were inconsistent – both across its supplier base and across regions – and in many cases suppliers’ payment terms varied depending on which Caterpillar division they worked with. As the company considered implementing standardised payment terms, more questions arose regarding suppliers’ access to...
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