The Order-To-Payment Cycle Is the Elapsed Time Between an Order's

question 83

True/False

The order-to-payment cycle is the elapsed time between an order's receipt, delivery, and payment by the customer.

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Definitions:

Work Cells

An arrangement of resources in a manufacturing environment where all necessary equipment and labor are positioned in a compact layout to facilitate efficient production.

Equipment Use

Refers to the deployment and application of tools, machinery, and technology in performing tasks or in the production process.

Product Layouts

The arrangement of machinery, equipment, and staff within a production facility to efficiently create a product or service.