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  2. Freight audit - Wikipedia

    en.wikipedia.org/wiki/Freight_audit

    By definition an audit is, An examination of records or financial accounts to check their accuracy. An adjustment or correction of accounts. An examined and verified account. A freight audit vendor is therefore one who examines, adjusts and verifies freight bills for accuracy. Therefore, a freight audit is the process of examining, adjusting ...

  3. Accounts payable - Wikipedia

    en.wikipedia.org/wiki/Accounts_payable

    Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents. [1] An accounts payable department's main responsibility is to process and review transactions between the company and ...

  4. Invoice processing - Wikipedia

    en.wikipedia.org/wiki/Invoice_processing

    Invoice Processing : involves the handling of incoming invoices from arrival to payment. Invoices have many variations and types. In general, invoices are grouped into two types: 1. Invoices associated with a company's internal request or purchase order (PO-based invoices) and. 2. Invoices that do not have an associated request (non-PO invoices).

  5. Electronic invoicing - Wikipedia

    en.wikipedia.org/wiki/Electronic_invoicing

    Electronic invoicing (also called e-invoicing or einvoicing) is a form of electronic billing.E-invoicing includes a number of different technologies and entry options and is usually used as an umbrella term to describe any method by which a document is electronically presented from one party to another, either for payment [1] or to present and monitor transactional documents between trade ...

  6. Standard operating procedure - Wikipedia

    en.wikipedia.org/wiki/Standard_operating_procedure

    A standard operating procedure (SOP) is a set of step-by-step instructions compiled by an organization to help workers carry out routine operations. [1] SOPs aim to achieve efficiency, quality output, and uniformity of performance, while reducing miscommunication and failure to comply with industry regulations. [citation needed]

  7. Bill of materials - Wikipedia

    en.wikipedia.org/wiki/Bill_of_materials

    A multi-level bill of materials (BOM), referred to as an indented BOM, is a bill of materials that lists the assemblies, components, and parts required to make a product in a parent-child, top-down method. It provides a display of all items that are in parent-children relationships. When an item is a sub-component, of a (parent) component, it ...

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