CSCP Certified Supply Chain Professional (#3)

In the Supply Chain Operations Reference-model (SCOR�), the cash-to-cash cycle time for a manufacturing company is the number of days between which two of the following situations?

Paying for raw materials and getting paid for the product
Shipping the product from the warehouse and receiving it at the customer's location
Paying for raw materials and sending an invoice to the customer
Billing the customer and getting paid for the product