Levi Strauss (U.K.) Limited pays suppliers in 33 days on average — inside its 60-day stated terms

Standard payment terms

Standard terms are 60 days. Critical vendors such as rent and utilities are paid dependant upon agreed vendor terms. Where possible these are paid by direct debit. Terms do vary on occasion based on individual agreements with suppliers.

Dispute resolution

For invoices that relate to a Purchase Order, payment disputes are initially found during the 3-way match process. The Accounts Payable team will reach out to the business affiliate that raised the initial Purchase Requisition to determine whether the Purchase Order is incorrect or whether an adjustment is required by the vendor. Non PO invoices are sent out for review and approval prior to processing. Disputes could be handled by either the Levi business affiliate or by the Accounts Payable department. Payments may be withheld until the appropriate credit note has been received and posted, if applicable.

Other information

Calculations are based on the payment terms recorded in our system. In cases where invoices carry immediate payment terms, any payment made after the invoice date may be recorded as late.