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On-Time Delivery

Understanding the Importance of Controlling Supplier and 3PL On-Time Delivery for Indirect Spend

Posted on by Daniel Lansky
Taming the beast of Indirect Spend
Understanding the Importance of Controlling Supplier and 3PL On-Time Delivery for Indirect Spend Controlling On-Time Delivery (OTD) of GNFR purchases is a major means to protect and safeguard the enterprise’s valuable capital. Late deliveries and failures to deliver can negatively impact operations and prevent the on-time completion of mission critical projects resulting in huge losses. Gaining control of On-Time Delivery to mitigate these risks is critical. What Is On-Time Delivery C...
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Understanding the Difference Between P2P and On-Time Delivery Control for Indirect Spend

Posted on by Daniel Lansky
Understanding the Difference Between P2P and On-Time Delivery Control for Indirect Spend P2P (Purchase-to-Pay) and On-Time Delivery Control systems are often mistaken as being identical, but in fact, they are fundamentally different. P2P is the financial processes connecting purchasing to invoice settlement whereas On-Time Delivery Control ensures the on-time delivery of purchases. Neither system competes with the other, but instead are entirely complementary. When implemented together, ...
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Understanding On-Time Delivery’s Impact Upon Project Timelines

Posted on by Daniel Lansky
Hitting deadlines
Making sure everything's delivered On-Time so that each project can be completed before the deadline. Understanding On-Time Delivery’s Impact Upon Project Timelines Receiving everything you need for a given project on time is crucial to your business. A contractor will give you, his client, an estimated completion timeline that relies upon obtaining materials on time to complete the buildout. If any part of that process is flawed, the contractor’s entire deadline will change, resulting in...
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Understanding How On-Time Delivery Delays Increase Project Budget Risks

Posted on by Daniel Lansky
Understanding How On-Time Delivery Delays Increase Project Budget Risks Delayed shipments can be costly There are many intricacies involved in the execution of a project to ensure that the project is completed on time and within budget. Receiving everything On-Time, which requires coordination from all parties in the supply chain from the manufacturer to the buyer is one of the biggest execution pieces of any project. What Is On-Time Delivery? The definition of On-Time Delivery is e...
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Scoring Supplier On-Time Delivery Best Practice

Posted on by Daniel Lansky
Calculating On-Time Delivery
Scoring Supplier On-Time Delivery Best Practice Monitoring On-Time Delivery (OTD) supplier performance is crucial for all enterprises with a significant GNFR (goods not for resale) spend. Enterprises who actively manage supplier On-Time Delivery percentage protect their capital, revenue and profits. The Importance of Achieving Near Perfect Supplier On-Time Delivery Percentage Scores Ensuring suppliers are delivering On-Time is absolutely essential for GNFR risk mitigation. Each ent...
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Understanding the Value of Gaining GNFR On-Time Delivery Control

Posted on by Daniel Lansky
On Time Delivery Visibility
Understanding the Value of Gaining GNFR On-Time Delivery Control Complete transparency in the entire acquisition process is the best way to operate so that companies can readily track errors and spending habits that may be inhibiting profit. But how does this work? What Is On-Time Delivery and Where Does Visibility Come into Play? On-Time Delivery (OTD) is a metric in which the supplier delivers the complete order to the right location, at just the right time. An On-Time Delivery C...
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