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Shipping Terms

Commonly Used Terms

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Understand what the shipping terms means

Average Payment Period (for materials)

Average Payment Period (for materials) is the average time from receipt of production-related materials and payment for those materials. Production-related materials are those items that are classified as material purchases and are included in the Cost of Goods Sold (COGS) as raw material purchases. (An element of Cash-to-Cash Cycle Time).

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