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Order Management
Terms
- What is a purchase order?
- A purchase order is a commercial document issued by a buyer to a seller, detailing the types, quantities, and agreed prices for products or services to be delivered.
- What is inventory turnover?
- Inventory turnover is a financial ratio that measures how many times a company sells and replaces its inventory within a specific period, indicating inventory management efficiency and demand.
- What is order to cash?
- Order to cash (O2C) is the business process that encompasses all steps from receiving a customer order to collecting payment, including order management, fulfillment, invoicing, and payment processing.