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What are the four basic steps in establishing a comparable-worth plan?
Paper Invoices
Traditional, physical billing documents issued by a seller to the buyer, detailing the products or services sold and the amount due.
Procure-to-Pay (P2P)
The process that businesses use to requisition, purchase, receive, and pay for goods and services.
Order Cycle Times
The duration between when a customer places an order and when they receive the product, often a critical metric in supply chain management.
Administrative Costs
Expenses related to the general operation of a business, including salaries of office staff, rent, and utilities.
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