Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
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Transportation segment is related with translocation of people and goods from one place to another. This area can be divided into three subsets- vehicles, operations and infrastructure. Various modes by which transport is conducted are- 'air', 'rail', 'road', 'pipeline' and 'space'.
Organizations are often required to take care of such movements of resources so as to make available the right resource in right quantity at right place. One can do justice to all the aspects involved by using a management concept called BSC (balanced Scorecard). It relies on the metrics that are decided for after studying the concerned field in an enough detailed manner.
Saying it all, one can utilize the components of transport domain by logically allocating the resources to their usage.
The right collection of indicators helps in this regard as one can assign values and numbers to those and keep for further consultations. Deviations can be spotted well within time and correction procedures be implemented to come out of the trapped situations.
In all, by taking help from BSC, one can calculate the steps and judge whether the actions have been occurring in the intended manner or not.
This is the actual scorecard with Transportation Indicators and performance indicators. The performance indicators include: balanced scorecard designer, time spent picking back orders or stock-outs, rate of stock-outs, return on investment, customer perspective, process management, asset management.
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"Before writing a single line, I formulated some guiding principles, one of them was: "If our clients ask, "How can I find a good KPI for..." - I want this book to provide a perfect answer."