Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
Tracking the movements of supplies, materials, information and other resources is what 'logistics' is all about. Such a need exists to ensure apt utilization of inputs, which in turn sets the stage for generation of accurate and suitable outputs.
A number of aspects are to be taken care of in this field of Logistics, which are 'information integration', 'inventory', 'transportation', 'warehousing' and 'packaging'. Organizations frequently use the concept of supply chain to effectively conduct the act of logistics. This enable using 'time' and 'place' in the most wise manner. Such a culmination of management strategies is needed to make 'informed' and 'better' business decisions.
Companies operating in logistics area often use 'Balanced Scorecard' to measure and count their efforts taken in the direction of shaping the operations in more useful and beneficial way than never before. This thought has 'quantification of procedures' as it underlying basic. One is required to conduct a detailed study of the processes and spot KPIs (Key Performance Indicators) that can reflect success of logistics' operations.
Various technologies are available in the market to enable proper integration of systems and operations so as to come up with an accurate logistics structure. Depending upon the utility 'needed' and 'offered', it is possible to choose an appropriate solution.
This is the actual scorecard with Logistics Indicators and performance indicators. The performance indicators include: global logistics, time perspective, avg. time for procedures, avg. vessel turnaround time, speed, cost perspective, avg. cost for procedures, inland freight cost, process perspective, number of documents, number of signatures, risk perspective, damage or pilferage, container security initiative, inspections, number of agencies, number of inspections, electronically scanned containers, physically inspected containers, transit, border crossings, transit countries, borders, free transit access .