Supplier Order Documentation Accuracy Rate
This PDF report includes benchmarking data (in a visual, chart-based format), an comprehensive KPI definition, characteristics of high performers and technical details on measuring Supplier Order Documentation Accuracy Rate. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.
What is Supplier Order Documentation Accuracy Rate?
The total number of supplier orders received with complete and correct documentation (invoice, ASN, packing slip, etc.) divided by the total number of supplier orders received over the same period of time, as a percentage.
Why should Supplier Order Documentation Accuracy Rate be measured?
Supplier Order Documentation Accuracy Rate measures the diligence with which suppliers provide accurate forms (invoices, advanced shipping notices, packing slips, etc.) for their shipments. A relatively low value for this KPI may indicate that the company is not adequately managing or communicating with its vendors, or they are not detailing document accuracy service levels in their vendor contracts. A high number of inaccurate supplier documents can lead shipments to be delivered to the wrong location, delivered at the wrong time or billed to the wrong account. A low value for this KPI can also lead to discrepancies in the inventory management system or strained vendor relationships, which can cause the company to spend time and money searching for new vendors.
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