Shipping Terms
Commonly Used Terms
Click on the term below and get an explanationUnderstand 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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