Track the Essential Logistics KPIs to Improve Business Processes
Logistics Key Performance Indicators Logistics KPIs, or Logistics Key Performance Indicators , are measurable metrics used to evaluate the performance and effectiveness of logistics operations in a business. They help track logistics processes' efficiency, productivity, and overall success. KPIs allow businesses to compare their performance against industry benchmarks. It enables them to improve operations while addressing challenges and reducing costs. Here are some commonly used logistics KPIs explained in simple terms: On-time delivery: This KPI measures the percentage of shipments or orders delivered on time. It helps assess the reliability and punctuality of logistics services. Order accuracy: This KPI tracks the accuracy of order fulfillment by measuring the percentage of complete and error-free orders. It ensures that the right products are delivered to the right customers. Inventory turnover: This KPI calculates how quickly inventory is sold and replaced within a specific p