Learn how your OTIF score is calculated, the main categories of OTIF, and key terms to understanding your business’ On Time and In Full score.
With the novel coronavirus (also known as COVID-19) creating disruptions in supply chains all over, we thought we’d discuss how this will affect your OTIF and Replenishment performances.
Want in on a little secret? You can dispute Walmart On Time In Full (OTIF) chargebacks. Here’s some information on what you’ll need to do. Beware - it’s an uphill battle all the way.
Making sure you are compliant with OTIF requirements can be tricky. You'll need to do in-depth analysis into potential issues, such as warehouse issues and carrier delays. The various silos of your organization must interact with each other to ensure full compliance and prevent future chargebacks from happening.
Not complying with your purchasers' OTIF requirements can be very costly, and result in hefty fines. For example, Walmart fines its vendors 3% of the cost of goods sold if the order fails OTIF requirements. In 2016, Target stores increased their OTIF penalties to 5% of the order cost, five times what it previously was. That kind of money adds up!
OTIF stands for On Time In Full and is a key performance indicator (KPI) of your products' supply chain. OTIF is a crucial measurement of how well your operations team fulfills your orders according to the requirements of your customers.