Terms of Payment
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Terms of Payment PowerPoint PPT Presentation


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Terms of Payment. POO. COO. FMP. MCO. LMP. DOO. Total Lead Time = 12 wks. Total Payment Time = 13 wks. POO – Placement of order DOO – Delivery of order COO – Payment for order FMP – First material payment LMP – Last material payment MCO – Major cash outlay (Most expensive items).

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Terms of payment

Terms of Payment

POO

COO

FMP

MCO

LMP

DOO

Total Lead Time = 12 wks

Total Payment Time = 13 wks

POO – Placement of order

DOO – Delivery of order

COO – Payment for order

FMP – First material payment

LMP – Last material payment

MCO – Major cash outlay (Most expensive items)

T.O.P. Formula –

Get POO nearer to DOO.

Get DOO same as COO

Get FMO, LMP, MCO to DOO


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