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What does it mean for a customer if they purchase $250.00 worth of supplies on the 3rd day of the month and the terms are Net 30 Days?
the payment is good 30 days that happens to fall on the 3rd day of the month
An invoice with payment terms and a due date is sent to the customer.
EOM stands for "end of month". Net 10 EOM means that the net amount of the account is due 10 days after the end of the month which the sale was made. Eg. Customer buys $25,134 worth of merchandise from your store on 14th July. N10 EOM credit terms means that this account must be paid by the 10th June. Hope that helps Edit: I believe in the example that the original poster meant 10th August as the pay date as 10th June would be roughly 11 months after purchase.
This is a type of Payment Terms that applies to an account between an Vendor and Customer. This is how it is defined: Any Invoice dated from the 1st of a given month to the 25th, will be due by the 10th of the following month. If an Invoice is not paid on time, that is by the 10th, a 1.5% service charge will apply.
What does it mean for a customer if they purchase $250.00 worth of supplies on the 3rd day of the month and the terms are Net 30 Days?
What does it mean for a customer if they purchase $250.00 worth of supplies on the 3rd day of the month and the terms are Net 30 Days?
the payment is good 30 days that happens to fall on the 3rd day of the month
Prepaid & Add means the shipper, or supplier, will prepay the freight and add the shipping cost to the quote or purchase order from the customer. The customer approves these terms so the purchase order can be issued and approved without knowing in advance the exact shipping charges.
Customer profit is in terms of quality & price
You need to know the laws governing this where it took place, and you need to know the terms agreed to when the deposit was made.
No, it is a noun. It can be used as an adjunct with nouns as in the terms customer service and customer profile.
"Charge-send sale" refers to a transaction where the customer is charged for a product or service upon sending the order. "Charge-deliver sale" refers to a transaction where the customer is charged for a product or service upon delivery. These terms outline when the customer is billed in relation to the purchase process.
An invoice with payment terms and a due date is sent to the customer.
§Supplier Management Process would include the goal of ensuring supplies at the best cost and terms, depending on whether it is a tactical purchase, a strategic buy, a negotiated purchase, or an engineered item.§Internal Supply Chain Process includes a number of activities with respect to receiving, conversion and dispatch of finished goods.§Channel Management: It is important to note linkages in distribution with multi-tier arrangements, depending upon the type of products moved.§Customer Relationship Management: The focal organization orients itself to synchronize its role agents and processes to serve its customers. Customer delight happens only if the product meets the customers' satisfaction in terms of time, quantity, responsiveness and cost.
EOM stands for "end of month". Net 10 EOM means that the net amount of the account is due 10 days after the end of the month which the sale was made. Eg. Customer buys $25,134 worth of merchandise from your store on 14th July. N10 EOM credit terms means that this account must be paid by the 10th June. Hope that helps Edit: I believe in the example that the original poster meant 10th August as the pay date as 10th June would be roughly 11 months after purchase.
Customer care and customer service are two different terms for the same job. Both are focused on customer satisfaction and resolving complaints in a timely manner.