CREDIT MEMO Definition

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CREDIT MEMO is a document used to issue a vendor credit.

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BUSINESS PROCESS REENGINEERING (BPR) is the analysis and radical redesign of business processes using objective, quantitative methods and tools and management systems to accomplish change or performance improvement. Also called: Re-Engineering, Reengineering, Process Reengineering, Process Quality Management, BPR, Process Innovation, Process Improvement, and Business Process Engineering.

VENDOR is a legal entity that promotes or exchanges goods or services for money.

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