On-time Payments Ratio measures the amounts paid on the due date and payments made before the due date with early payment discounts applied as a percentage of total annual supply chain costs paid.
|On-time Payments Ratio|
Unit of measure: %
On-time generally means on the date payment was due. In case the disbursements are made less frequent than daily, the closest payment date to the due date is considered on-time, only if no penalty was incurred. Otherwise it is considered Late.Community Importance Rating: