Examlex
In a JIT system, product inspection adds value by identifying defective items.
Purchase Allowances
Reductions in the price paid by a buyer to a seller, due to minor defects or quality issues with the goods provided.
Price Reduction
A decrease in the selling price of products or services, often to drive sales or clear inventory.
Prompt Payment
A financial discipline that involves settling debts quickly, often rewarded by suppliers with discounts.
Purchase Returns
Transactions where buyers return previously purchased merchandise to the seller, often because of defects or errors in the shipment.
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