Supply Chain Payment Performance Dips Slightly: Average Score Drops From 60.4 to 58.2

The Comparison

• 2023: A sample of 55 companies yielded an average payment performance score of 60.4 out of 100.
• 2024: A smaller pool of 40 companies shows a decreased average payment performance score, registering at 58.2 out of 100.

What This Means

The 2.2-point decrease in the average payment performance score suggests a marginal weakening in payment practices within the supply chain. While not a precipitous decline, the data indicates that companies are, on average, performing slightly worse in managing their payment obligations in 2024 compared to the previous year, suggesting a need for investigation into potential root causes. Businesses struggling to manage late payments from their supply chain partners can explore options for recovering overdue invoices using a late payment calculator.

Summary: Payment performance declined from an average score of 60.4 (55 companies) in 2023 to 58.2 (40 companies) in 2024.