In 2019 the average spent on logistics was approximately 11% of sales, representing a significant portion of total expenses. For this reason, organizations are regularly looking for ways to optimize supply chain operations, to reduce related expenses and increase the amount of value created through logistics operations. As Peter Drucker, who’s considered to be the father of modern management, once said “what gets measured gets improved.” For logistics management, specific supply chain KPIs are used to objectively measure progress towards improvements.
Real-time transportation visibility platforms provide access to accurate and reliable data that directly feed into several top supply chain KPIs. What’s more, the implementation of real-time transportation visibility platforms also allows for many productivity and efficiency gains to improve KPI scores.