Examlex
The principal master data that you would expect to see in a B/AR/CR process is the:
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor involved in creating the product.
Lean Business Model
A strategic approach that emphasizes creating more value for customers with fewer resources by optimizing business processes.
Days' Payable Outstanding
A financial ratio that indicates the average time (in days) that a company takes to pay its suppliers and creditors.
Lean Manufacturers
Companies that adopt lean manufacturing techniques to maximize customer value while minimizing waste, thus achieving higher efficiency in production.
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