Examlex
In terms of SCM,a forecast is an estimate of future demand.
Inventory
The total amount of goods or materials held in stock by a business, intended for sale or production.
Average Collection Period
The average amount of time it takes for a business to receive payments owed by its customers for credit sales.
Sales on Account
Transactions where goods or services are sold and payment is deferred to a future date, typically recorded as accounts receivable.
Accounts Receivable
Money owed to a business by its customers for goods or services delivered or used but not yet paid for.
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