MANHEIM LIMITED

Trend Analysis

The average time taken for MANHEIM LIMITED to pay invoices has decreased from 16 days in the first period to 20 days in the most recent period. However, there was a notable increase in the average time to pay in the third and fourth periods, from 27 days to 29 days and then back down to 27 days. The company has shown improvement in the most recent two periods, with the average time to pay decreasing from 26 days to 24 days.

Volatility Analysis

The percentage of invoices paid within 30 days has remained relatively stable, ranging from 62% to 71% over the 11 periods. The percentage of invoices paid between 31 and 60 days has also remained stable, fluctuating between 25% and 38%. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a high of 4% in the fifth period and a low of 0% in the eleventh period. The percentage of invoices not paid within agreed terms has also shown some volatility, with a high of 71% in the tenth period and a low of 0% in the eleventh period.

Summary Analysis

Between January 2018 and June 2023, MANHEIM LIMITED has shown improvement in the time taken to pay invoices, with the average time decreasing from 16 days to 19 days. The company has also consistently paid the majority of its invoices within 30 days, ranging from 62% to 79%. However, there have been periods where the percentage of invoices paid later than 60 days and not paid within agreed terms has been higher, indicating some issues with timely payments.

Payment Terms

Dispute Resolution Process

Purpose Delivery of goods or services to Manheim Limited may sometimes lead to disputes between the business and the supplier. These disputes can vary in nature but are most commonly based around quality of delivery of the goods or services requested or payment disputes. This policy documents the procedure and escalation process in which should be followed in order to resolve any disputes within the supply chain. Please note this policy describes the processes to be followed in the examples of sub-standard delivery of goods and services and payment disputes however where disputes have arisen outside of these examples, the GSCD will decide which escalation route to follow. Applicability and Authority • This Policy applies to all contracted suppliers of goods or services to Manheim Ltd. • This Policy applies to all Manheim ltd departments and supersedes any practices in existence prior to its effective date • The GSCD of the given supplier category is the authority on managing the relationship with all suppliers within the category. • The Group General is the final authority on contractual terms of agreement. • The Chief Financial Officer is final authority on all financial aspects of any dispute. Definitions Dispute Resolution: A process for resolving differences between two or more parties or groups. In business practice the resolution seeks to achieve fairness for all participants. Procedure Should a dispute arise, the initial relevant parties should try to resolve at the transactional level by contacting the supplier direct and discussing the issues which have arisen. If no satisfactory outcome is achieved, it is the responsibility of the initial relevant parties to document all the facts relating to the issue and inform the relevant GSCD whom is responsible for the given category of supplier. At this point the GSCD will take control of negotiations directly with the supplier management / senior management in order to reach resolution whether through contractual review or an amicable outcome. If, again no resolution is made, the GSCD will then escalate through the Manheim Ltd hierarchy to take control of the negotiations. This process will then continue as per the below escalation examples. Once a resolution has been agreed, communication will be made to the initial party of the outcome.

Other Payment Information