tag:blogger.com,1999:blog-35348374.post9197747311352659842..comments2023-10-30T04:45:37.896-07:00Comments on Taha's Blog: The Trap of Extending CreditAnonymoushttp://www.blogger.com/profile/14574758049458561999noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-35348374.post-68981663742988010732011-06-09T10:26:26.632-07:002011-06-09T10:26:26.632-07:00Good post, Taja. Most of the established distribut...Good post, Taja. Most of the established distributors started cleaning fiscal house back in the early Nineties. It all started when Craig Cohn at ITW Shakeproof instituted his 80/20 program and eliminated most of the low-volume authorized distributors in network. After considering the philosophy, they tried it themselves. What ended up happening was they opened the door for low overhead and on-line competitors. To counteract that (too late), they revised policy again with the credit card requirement. <br /><br />It makes sense for everyone; even higher volume accounts benefit on the payable side with the tracking data provided by the credit card companies. An invoice, for any number of reasons, may not match up to a purchase order, which means there's no sure way to tell who placed the order or if it were placed at all. The credit card implies an identity attached to the transaction, making for improved traceability. Thanks for spreading the word on this important customer service element.Charlie Accettahttps://www.blogger.com/profile/13009875307810437126noreply@blogger.com