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

SAP Term: supplier on-time delivery

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: The average delivery reliability of all suppliers delivering to the enterprise in the current year.

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• Key Concepts: 
  Supplier on-time delivery is a metric used to measure the performance of suppliers in terms of their ability to deliver goods and services on time. It is an important factor in supplier relationship management (SRM) and is used to evaluate the reliability of suppliers.
  
  How to use it: 
  Supplier on-time delivery can be measured by tracking the number of orders that are delivered on time, as well as the average delivery time for each order. This data can then be used to compare different suppliers and determine which ones are most reliable. Additionally, it can be used to identify areas where suppliers need to improve their performance.
  
  Tips & Tricks: 
  When measuring supplier on-time delivery, it is important to consider factors such as order size, order complexity, and shipping distance. These factors can have a significant impact on the delivery time and should be taken into account when evaluating suppliers. Additionally, it is important to ensure that suppliers are given adequate lead time for orders so that they can plan accordingly and deliver on time.
  
  Related Information: 
  Supplier on-time delivery is closely related to other metrics such as supplier quality and cost efficiency. These metrics should also be taken into account when evaluating suppliers and determining which ones are most reliable. Additionally, supplier on-time delivery should be monitored over time in order to identify any changes in performance.