3PL Company – Third-party logistics in logistics and supply chain management is an organization’s use of third-party businesses to outsource elements of its distribution, warehousing, and fulfillment services.
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A periodic report that categorizes a company’s accounts receivable according to the length of time an invoice has been outstanding. Accounts Receivable Aging is a critical management tool as well…
Days Sales Outstanding (DSO) is a measure of the average number of days that a company takes to collect revenue after a sale has been made. DSO is often determined…
These are the abbreviations for Business to Business (B2B), Business to Consumer (B2C) and Business to Government Sales (B2G), respectively. Invoice factoring is for B2B and B2G Sales on open…
A periodic report that categorizes a company’s accounts payable according to the length of time an unpaid invoice has been outstanding. Similar to accounts receivable aging, it is a critical…
2/10 Net 30 – Notation “2% 10, net 30” indicates that a 2% discount can be taken by the buyer only if payment is received in full within 10 days…