u/Buysen

We got a new CFO recently

Procurement has now been moved under the CFO as much as I tried to avoid it.

I haven't got a solid gauge on him yet, but I feel like we're going to butt heads.

I got an email today from him stating we should be on 60 day terms with all suppliers.

Is anyone legitimately getting 60 terms as an SME without paying increased costs from the Vendor?

I've been pricing in new contracts that are 30% below our current pricing, but know some of these suppliers don't have the margin to carry more than 30 days risk.

60 days EOM, feels like a CFO who has an investment banking background trying to throw weight around.

Tell me I'm wrong.

I'm building the procurement department from scratch here.