When it looks like goods are being delivered, carriers want to know when the right freight is going to the best place at the best time. And simply because for many shippers transport is in the area of operational costs, they want this to be done as cost-effectively as possible.
Because carriers continue to minimize their carbon footprint, they want suppliers and some other chain partners to achieve the same. They research the age and maintenance of gears to ensure optimum fuel efficiency.
Because dock congestion can result in detention, which in turn impacts the digital logging needs and timely delivery of drivers, carriers and providers keep an eye on dock time.
This is especially important in just-in-time manufacturing industries such as the automotive sector. Technology helps mitigate the effect of delays by quickly updating receivers so that they can be adjusted accordingly.
Deliveries outside the network come from points that are not optimal. That means they can be expensive and inefficient. While security is important to all or all shippers, it is especially important in some situations.
While transport providers vary in size and capability, having a common technique to monitor the performance of the service provider can stimulate long-term operational and monetary stability.
By relying on simple information collected over time, road hauliers are more effectively positioned to make decisions based on facts and in future bids to ensure the ideal combination of cost, coverage and performance.
Mr Dashboard creates logistics performance scorecards for logistics companies. Also a benchmarking tool that includes aggregated rates for different types of transport and weight categories. A carrier can use the tool to find out exactly how its rates stack up at typical market rates.
This allows users to take advantage of current market freight rates and current contract rates. Shippers can take advantage of the standard quotes approach they pay for the same job at market rates.
While a carrier is primarily concerned with contract rates, it’s a good idea to keep an eye on the spot transportation market as well. This is simply because a sustained rise and spot prices in general, foreshadow a similar movement in the contract market.
While carriers choose to use carrier metrics, it’s important to use them as tools to keep carriers informed. The aim would be to stimulate discussions that strengthen your transportation partnerships.
Transportation is not the only area where companies improve their logistics productivity by collecting and analyzing performance data. Metrics can also work wonders in the warehouse.
Use information from warehouse management systems to monitor employee performance and overall operational efficiency in real time. It displays the statistics on large screens in workplaces to keep both staff and professionals informed of the progress of the work.
Also, use the KPI dashboard templates to quickly and effectively track your logisitcs metrics and KPIs in Excel.