Supply Chain
In our ongoing effort through continuous process improvement, we continue to monitor the primary causes of the failure to pay all supply chain invoices at 95% and improve the percentage of invoices that are not paid within agreed contractual terms, the ongoing actions to address these points are reviewed on a frequent basis to assess whether the proposed improvements are being implemented and having a material impact on the overall metrics. Any additional improvements will be considered.
The Chief Financial Officer is required to review this Action Plan every quarter and this will form part of his regular reporting to BNPPRE’s Executive Committee.
A summary of the Action Plan can be accessed here.