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Glossary Logistics / Term

Open-to-Receive

Authorization to receive goods, such as a blanket release, firm purchase order item, or supplier schedule. Open-to-receive represents near-term impact on inventory, and is often monitored as a control technique in aggregate inventory management. The total of open- to-receive, other longer term purchase commitments and open-to-buy represents the material and services cash exposure of the company.

Permanent link Open-to-Receive - Creation date 2021-12-06


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