The elapsed time between an order's receipt, delivery, and payment is called the

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The term used to describe the elapsed time between an order's receipt, delivery, and payment is the "order-to-payment cycle." This cycle includes all the variable factors that take place between an order's receipt and payment, such as scheduling, production, shipping, invoicing, and payment processing. The order-to-payment cycle is significant to businesses because it has a direct impact on their cash flows, working capital, and customer satisfaction levels.

The Elapsed Time Between an Order's Receipt, Delivery, and Payment