Vendor Delivery Performance
NetSuite enables you to predict when an item will be delivered to the designated location. For example, you want to track the predicted risk of each vendor based on recent delivery performance.
To enable vendor delivery performance:
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Go to Setup > Accounting > Control Tower Preferences.
To learn how to complete this form, see Setting Supply Chain Control Tower Preferences
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Enter the Day of Week to Analyze Vendor Performance.
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Enter the Time of Day to Analyze Vendor Performance.
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Enter how often you want to run the analysis in the Vendor Performance Analysis Frequency field.
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Enter a Vendor Performance Order Analysis Interval, in months. The default is six months.
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Enter the exact date you want to run the analysis in the Vendor Performance Analysis Next Date field.
The Last Executed field displays the date and time the prediction was last run. The next scheduled execution date and time is also displayed.
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Click Save.
The system reviews all vendor orders and receipts for the selected time period and then displays the performance results in the Vendor Performance Calculations window.
To review vendor performance calculations:
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Go to Lists > Supply Chain > Review Vendor Performances.
The Last Executed field displays the date the calculations were last performed.
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To location a specific vendor calculation, enter the name in the Search field.
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Select the View Selected option to show only the selected vendors.
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The Vendor Performance Calculation form displays the following fields:
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Vendor – the vendor who the calculation performed for.
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Current Predicted Days Early/Late – the current predicted day early/late figure.
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Current Predicted Risk Confidence – the current predicted risk confidence figure.
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Calculated Days Early/Late – the latest day early/late figure.
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Calculated Risk Confidence – the latest risk confidence figure.
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Average Days Late/Early – the average amount that the order will be early or late.
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Standard Deviation – the time beyond the average time the order is late or early.
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Number of Orders – the number of orders included in this calculation.
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To apply vendor calculations, check the box beside the Vendor name.
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Click Submit.
The system will update the User Entry predicted Risk section on the Vendor record to display Predicted Days Late/Early and Predicted Risk Confidence.
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To verify that the vendor record was updated, go to Lists > Relationships > Vendors Lists > Relationships > Vendors.
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To display vendor calculated risk, go to Lists > Supply Chain > Control Tower Dashboard.