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WHAT DO LOGISTICIANS MEASURE?, image, image, image, image, image, image,…
WHAT DO LOGISTICIANS MEASURE?
SHIPPING TIME
The On-Time Shipping performance refers to the ratio of orders that have been shipped
on or before the requested ship date divided by the total number of orders.
ORDER ACCURACY
It measures the amount of orders that are processed,
shipped and delivered without any incidents on its way.
DELIVERY TIME
Saying that an order will arrive in 4-5 business days is better than saying it will arrive in 1-to-5 business days.
TRANSPORTATION COSTS
according to distinct categories: the order processing, the administrative, the inventory carrying, the warehousing and finally the actual
transportation costs.
WAREHOUSING COSTS
Monitor the expenses involved in the management of your warehouse
Warehouse being the main area of your business, it is important to measure and review the costs on a regular basis
NUMBER OF SHIPMENTS
The same way you
measure the number of orders placed ready on time to be shipped you can measure the number of orders shipped out of your warehouse.
INVENTORY ACCURACY
Indeed, having a certain record of all your goods in your database that
doesn’t match the actual physical inventory can harm your business considerably.
INVENTORY TURNOVER
This logistics measures the number of times your inventory entirely has been sold
over a certain period of time.
INVENTORY TO SALES RATIO
It measures the ratio between
the available inventory for sale, versus the actual quantity that is sold.
