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Direct Expenses
Direct expenses are costs that can be directly traced to a specific department, project, or activity, such as raw materials and labor used in the production of goods.
Cycle Efficiency
The effectiveness and efficiency of a business process or cycle in achieving its objectives without waste.
Days
A unit of time measurement equal to 24 hours, often used in business to measure durations such as payment terms and production cycles.
Purchasing Department
A division within a company responsible for acquiring goods and services needed for business operations.
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