A system used by Canada Customs to expedite the release of shipments by allowing electronic data interchange around the clock.

The average time taken by a company to pay for materials used in production after receipt. It’s a measure of the payment cycle for production inputs.

A method of inventory valuation where both variable and a portion of fixed costs are assigned to each unit of production. Fixed costs are typically allocated based on labor hours, machine hours, or material costs.

This ratio calculates the average number of days it takes for a company to turn its inventory into sales. It’s also known as the inventory days formula.