Definitions for "operating cycle"
The average time between purchasing or acquiring inventory and receiving cash proceeds from its sale.
"A series of transactions that includes purchases of merchandise inventory for cash or on credit, payment for purchases made on credit, sales of merchandise inventory for cash or on credit, and collection of cash from the sales."
Period of time between the acquisition of goods and services involved in the manufacturing process and the final cash realization resulting from sales and subsequent collections.
refers to one complete run of a controller through all programmed controller stations.
In filtration applications, the complete filtration process consisting of filter service, backwash and rinse, and return to service.
Keywords:  overview, audit, order, processing
Order processing Overview audit
The processes that a work input/output system undergoes and in which the initial and final states are identical.