CREDIT CONTROL Definition

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CREDIT CONTROL is policies and procedures aimed at controlling the granting of credit.

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PERT is Program Evaluation and Review Technique.

BUFFER is anything that stands between two other things. For example, an inventory buffer would be additional inventory over and above committed or planned inventory. The inventory buffer will act as an inventory reserve to ensure that sufficient inventory is available when and if required, i.e., the buffer inventory stands between committed inventory and out-of-stock status.

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