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Words: | Submitted: Thu Aug 17 2006
... timing and pay a premium for the products we supply to offset the high interests rates. At the same time we have worked out an arrangement with our vendors to obtain a better payment schedule with their suppliers of raw material. Concessions in each direction will provide the payment policy relief Lawrence Sports requires to make it through this difficult time. At Lawrence Sports we are a company that believes in working with our customers and vendors to create a joint solution that will benefit each organization in the future. Working through this crisis by sharing the responsibility will provide a strong business relationship and increased sales. Lawrence Sports should make it a point to periodically review collections practices in light of economic shifts as well as changes in the industry, client base, and other business-specific factors. In addition, any time practices that do not seem to be ...
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