How to Overachieve on 3 Essential Transportation Data KPIs
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 measurements 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 KPIs 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.
If you don’t already have a reporting process, you probably just want to start with a few, essential measurements across each segment to ensure efficiency. As you begin to see results, you can build on it by looking at your supply chain across different transportation data points to identify any areas of opportunity that you would like to tackle next.
Measuring your KPIs is only the beginning; you also need to a plan and a process to perform against them. We suggest to start with the following 3 KPIs to measure and methods to surpass your measurement goals.