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Webinar series Credit Management tips 4/6: How do you set credit limits?
28 May @ 09:30 - 10:00
How do you set credit limits?
What should be in your credit policy? Who else should be involved? This can be difficult but will be determined by the product to a certain extent. A £1 million credit limit when you are a paper-clip distributor is probably not appropriate. however, a £1,000 credit limit is also inappropriate if you are selling large and high-value products and in bulk amounts.
Again, use several factors to determine the appropriate limit. It is also vital to determine the payment terms so that you are not left in a position where your own cash flow is negatively impacted.
What else is important?
Colin will tell you during the fourth webinar of this series. Sign up for this webinar and the rest of the series here.