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Physical Count
The process of manually counting and verifying the quantities of inventory on hand at a specific point in time.
FOB Destination
A shipping term where the seller bears the freight charges and maintains ownership until the goods are delivered to the buyer's location.
FOB Shipping Point
A term indicating that the buyer takes ownership of goods being shipped to them at the point of departure from the seller's shipping dock.
Invoice
A document issued by a seller to a buyer that lists the products or services provided, along with quantities, prices, and payment terms.
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