What is on-time delivery in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: on-time delivery

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: A delivery that is made on the agreed delivery date or within allowed limits.

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• Key Concepts: 
  On-time delivery is a term used in SAP Supplier Relationship Management (SRM) to refer to the timely delivery of goods and services from suppliers to customers. It is an important metric for measuring the performance of suppliers and ensuring that customers receive their orders on time.
  
  How to use it: 
  In SAP SRM, on-time delivery is tracked by setting up a delivery schedule for each supplier. This schedule can be used to track the progress of orders and ensure that they are delivered on time. The supplier's performance can then be monitored and evaluated based on their ability to meet the delivery schedule.
  
  Tips & Tricks: 
  To ensure that suppliers are able to meet their delivery schedules, it is important to provide them with clear instructions and expectations. This includes providing them with detailed information about the order, such as the quantity, quality, and delivery date. Additionally, it is important to provide suppliers with regular feedback on their performance so that they can make any necessary adjustments.
  
  Related Information: 
  On-time delivery is closely related to other metrics such as quality, cost, and customer satisfaction. It is important to consider all of these metrics when evaluating a supplier's performance. Additionally, it is important to consider the impact of on-time delivery on other areas of the business, such as inventory management and customer service.