As part of our efforts to create efficiencies and improve our payment and ordering processes, we will be updating our product hierarchy beginning April 1, 2022. As a result of these changes, we will also be standardizing payment terms for some wine products on purchase orders created on or after April 1. Please note that the new terms supercede the terms in Notice to Purchase (NTP) for products currently in the listing process but with orders issued after April 1. NTPs already issued will not be updated with the new terms.
Below is a summary of the changes:
- Import wines: Payment terms for generally listed (regular replenished, onetime buys, and seasonal buys), Essentials and Vintages release program wines (excluding Classics) will harmonize to 45 days.
- Ontario and IDB wines: Payment terms for generally listed (regular replenished, onetime buys, seasonal buys), Essentials and Vintages release program wines will harmonize to 30 days.
- Destination Collection: Payment terms for kosher, specialty portfolio & sake rapid release and continuous SKUs will harmonize to 45 days. No changes to terms for Destination Collection Boutique Program purchases.
For any product or vendor specific questions, please reach out to your LCBO Merchandising team representative.
Thank you for your continued partnership.