WESCO ANIXTER UK LIMITED

Wesco Anixter’s suppliers can be split into (i) suppliers of goods, services, and software licenses for resale or “Material Vendors” and (ii) other suppliers that help us run our business or “Expense and Freight Vendors”. Standard payment terms in orders issued to Material Vendors are 90 days from (i) receipt of goods and services and/or activation of the software licence and/or completion of the services consistent with the order; and (ii) receipt of complete and correct invoice. There are no standard payment terms for contracts with Expense and Freight Vendors, but the most frequently used payment terms are 30 days from the date of the invoice.

Wesco Anixter uses weekly payment runs to pay all of its suppliers and vendors, which is an industry common practice. The majority of invoices paid after the due date result from the weekly payment cycle, invoices received later than the payment due date and disputed invoices.

All invoicing issues are dealt in the first instance by Wesco Anixter’s accounts payable team (AP). AP will address disputes relating to non-compliant invoices and will reach out to the suppliers or internal business contacts if required.