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What is Evaluated Receipt Settlement (ERS)?

ers evaluated RECEIPT
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What is Evaluated Receipt Settlement (ERS)?

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• Items delivered by supplier are received into Lockheed Martin’s system • Receiving transaction creates a payable entry to the Accounts Payable system • Accounts Payable system makes payment on due date according to Purchase Order terms Please do not submit a paper invoice to Lockheed Martin for ERS orders.

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