Simplify Your Transportation Data to Extract the Most Value
We often hear the question, “I want to improve my supply chain performance, but what are the transportation KPI metrics I should focus on?”
Today’s transportation data-driven supply chain offers a vast arsenal of numbers, statistics and measurements that can make your head spin. With so much data available at your fingertips, it’s challenging to know what to measure and where to start with building out key performance indicators (KPIs).
To paraphrase British billionaire Richard Branson, you need to define success so that you know when you have achieved it. That said, every business is somewhat unique, and while there are some standard KPI metrics that are common across the transportation industry, your specific KPIs really need to be a measure of your organization’s goals and an output of your strategy.
Transportation KPI Metrics: Truckload Capacity Utilization
Transportation KPI Metrics: Transit Time
Transportation KPI Metrics: On-Time Final Delivery
- Required Arrival Date (RAD) Compliance
- On-Time Performance on Fulfillment Orders
- Appointment Compliance
- Load Factor
- Cube Utilization
- Claims Ratio
- Product Storage Costs