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Glossary Logistics / Term

Evaluated Receipts Settlement (ERS)

A process for authorizing payment for goods based on actual receipts with purchase order data when price has already been negotiated. The basic premise behind ERS is that all of the information in an invoice has already been transmitted in the shipping documentation. Therefore, the invoice is eliminated and the shipping documentation is used to pay the vendor.

Permanent link Evaluated Receipts Settlement (ERS) - Creation date 2021-12-06


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