What is shipment processing time in SAP EPM-SCP - Supply Chain Performance Management?

SAP Term: shipment processing time

• Component: EPM-SCP

• Component Name: Supply Chain Performance Management

• Description: The overall time required to complete a shipment process

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• Key Concepts:
  Shipment Processing Time (SPT) is a metric used in SAP EPM-SCP Supply Chain Performance Management to measure the time it takes for a shipment to be processed from the moment it is received until it is ready for delivery. It is an important indicator of the efficiency of a supply chain and can be used to identify areas of improvement.
  
  How to use it:
  Shipment Processing Time (SPT) can be measured by tracking the time it takes for a shipment to be processed from the moment it is received until it is ready for delivery. This can be done by tracking the time taken for each step in the process, such as receiving, sorting, packing, and shipping. The total time taken for all steps should then be calculated and compared against the desired processing time.
  
  Tips & Tricks:
  - Monitor SPT regularly to identify areas of improvement in your supply chain. 
  - Analyze data from past shipments to determine which steps take the longest and focus on improving those processes. 
  - Use automation and technology to streamline processes and reduce processing time. 
  
  Related Information:
  Shipment Processing Time (SPT) is closely related to other metrics such as On-Time Delivery (OTD) and Inventory Turnover (IT). OTD measures the percentage of shipments that are delivered on time, while IT measures how quickly inventory is sold or used up. These metrics can be used together to gain a better understanding of supply chain performance.