Well, we are ki-ling ourselves with supply chain and how we are treating our vendors, under the leadership of our wonderful CEO.
We have many small companies that supply critical parts to support manufacturing and some do want to do business with Medtronic anymore. Why??? Because we shove down their throats 90 day net payment terms on POs when they have had 30 day net for many years. I heard we are going to move to net 120 in the future. Good luck with that.
To make it worse anyone submitting a PO has to spend a lot of their time as a middle person trying to get the vendor to accept 90 net terms because of Global Supply Chain won’t budge!!!!!
Then when Global Supply Chain gives up and allows 30 days net, they don’t pay until 90 days. Some vendors are holding material until Medtronic pays now because they violate their own terms.