VPF Accounts Receivable (AR) generates monthly aging reports to identify invoices that are overdue for payment and initiates collection activities for bills that are more than 60 days late.
There is currently a national shortage of helium gas in the U.S. As a result, Airgas, MIT’s Preferred Supplier of gas products, has alerted VPF Strategic Sourcing that its contract is under Force Majeure, meaning, due to this unforeseen and uncontrollable circumstance, Airgas cannot guarantee it can fulfill its contract to MIT.
