Supplier Payment Terms Negotiation Letter
June 5, 2050
David McGee
General Manager
Manufacturing Company
4915 Watson Street
Penns Neck, NJ 08540
Dear Mr. McGee,
I am writing to discuss the current payment terms we have in place for our business transactions. Trade between our companies thrives on the principle of mutual respect and benefit, and it is in this spirit that we find it apt to revisit and possibly revise these terms.
Our accounts department has raised some legitimate concerns about the existing payment plan. We believe that alternative terms could offer a strategic fit that will improve operations, accommodate financial planning, and maintain the efficiency of transactions between our businesses.
While we appreciate the necessity of the payment terms we both have agreed on previously, there has been a significant shift in our financial landscape that requires some flexibility. Therefore, we want to propose some changes to our payment terms that we believe will not only work in our favor but also yours.
We are open to establishing a dialogue to reach a mutually agreeable position. Arrangements can be made for a meeting at your earliest convenience to discuss this matter more comprehensively.
We appreciate your understanding and open-mindedness towards this proposal and look forward to strengthening our business association.
Best Regards,
[YOUR NAME]
Purchasing Manager
[YOUR COMPANY NAME]
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