Which country is best for logistics
LOGISTICS INDICATORS EXAMPLES
The best logistics key figures & KPIs at a glance
✔ Various templates & designs ✔ Identify and monitor relevant logistics key figures
A Logistics key figure is a transparent way of measuring performance, with which relevant logistics processes can be efficiently monitored, analyzed and optimized. Logistics KPIs focus among other things. on transportation, storage and supply chain aspects.
Here you will find an overview of the most important logistics figures examples, which are considered in this article:
DELIVERY TIMEAre you keeping your agreed delivery times?
Compliance with your agreed delivery times is of central importance for a high level of customer satisfaction. A logistics KPI that is at the beginning of the supply chain is the so-called "On-Time Shipping" rate, which reflects the ratio of orders that are sent on the required shipping day at the latest. Often, however, it is also equated with the “on-time delivery rate” - that is, the actual arrival of the consignment. Low rates of these KPIs suggest problems in your supply chain and the underlying causes should be analyzed in detail.Performance indicators / recommendation for action
Set detailed targets for your delivery times for specific orders and use the benchmarks in your industry as a guide.Relevant showcase dashboard
DELIVERY ACCURACYHow many of your deliveries have no incidents whatsoever?
The "perfect order rate" is an important logistics figure that reflects the efficiency of your supply chain management. It measures the percentage of orders that are accepted, processed and successfully executed without any incidents. Possible incidents would be, for example, incomplete or faulty deliveries, shipping delays or even damage or total loss of the shipped goods. Low values (below 90%) usually indicate inefficient supply chain management. Keep an eye on this key figure at all times and identify the causes of deviations from the target.Performance indicators / recommendation for action
Monitor your delivery accuracy with the help of the "perfect order rate", which should be at least 90%. Lower values will have a lasting negative impact on the satisfaction of your customers and your operational costs.Relevant showcase dashboard
TRANSPORT AND DELIVERY COSTSWhat other costs are involved in your entire delivery process?
In order to analyze your transport and delivery costs in detail, it makes sense to take a closer look at all costs incurred in processing an order from acceptance to completion. As a rule, the costs can be divided into the following categories: order processing, administration, storage and the actual transport costs. Compare the costs of different products or orders to identify your most profitable areas. It is often also useful to examine the average transport costs in relation to the product price in more detail.Performance indicators / recommendation for action
Your goal should be to minimize your delivery and transport costs while maintaining a high quality of service.Relevant showcase dashboard
STORAGE COSTSWhat is the proportion of all costs involved for storing your goods?
Another central logistics KPI are the storage costs, which include all costs associated with the storage of raw materials, intermediate products, finished goods and auxiliary and operating materials. With datapine you can monitor all costs involved, such as the acquisition and maintenance of machines and devices, energy costs and personnel costs. Identify inefficient processes through detailed analyzes of your storage costs and thereby sustainably reduce your overall costs.Performance indicators / recommendation for action
Analyze your storage costs regularly and in depth in order to discover optimization potential and reduce your overall costs in the long term.Relevant showcase dashboard
TOTAL NUMBER OF SHIPMENTSHow many shipments do you process per month?
Keep an eye on the total number of your shipments at all times and visualize your existing data to identify seasonal trends and peak times. In addition, you can monitor whether you can maintain your high quality standards even with increasing quantities, for example by taking a closer look at your delivery accuracy (“perfect order rate”) depending on the number of shipments processed. For in-depth analyzes, you should filter the number of shipments using relevant variables - as in our example by different countries.Performance indicators / recommendation for action
Monitor the total number of shipments for all relevant categories (by country, region, city, product, customer group, etc.).Relevant showcase dashboard
INVENTORY ACCURACYHow adequately do you record your current inventory?
The inventory accuracy is another central logistics indicator, which relates to all deviations between the electronically recorded and the actual, physical inventory. So-called “bogus inventory” - goods that should be available according to electronic records, but are not actually in stock - is the most common type of inventory inaccuracy and usually results in poor service quality, financial losses and accounting problems. To avoid these negative effects, it is essential to always keep an eye on your inventory accuracy and to find the underlying causes for inaccuracies.Performance indicators / recommendation for action
As a rule, you will not be able to completely avoid small inventory inaccuracies. Of course, you should also look at this in relation to the cost of the stored goods.Relevant showcase dashboard
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STOCK HANDLING FREQUENCYHow often are your stocks completely turned over or sold off?
This logistics KPI indicates how often the stocks are turned over or sold in a certain period of time. The higher the turnover rate, the more effectively you use your capital to finance the corresponding stocks. A high turnover rate correlates with a short average storage time of your goods. Average inventory turnover rates can vary greatly depending on the industry. For example, the key figure for a car dealership will be significantly lower than for a late purchase.Performance indicators / recommendation for action
After calculating your turnover rate, compare it with values in your industry.Relevant showcase dashboard
INVENTORY-SALES RATIOHow much is your inventory in relation to your sales?
This logistics key figure is ideal for evaluating what is known as “overstock”. It reflects the ratio of the goods actually sold in relation to the stock in the warehouse. In addition, it is also a good indicator of the ability to react to unexpected situations (e.g. high demand). For detailed analyzes, it usually makes sense to take a closer look at this key figure together with the inventory turnover rate and the average storage duration.Performance indicators / recommendation for action
The optimal value of the inventory / sales ratio, like the inventory turnover rate, is highly dependent on your industry and business model. As a rule, it is a trade-off between the amount of capital tied up and the flexibility to meet high short-term demand.Relevant showcase dashboard
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