As the supply chain becomes more complex, measuring its effectiveness has become increasingly complex as well.
- Where are my shipments?
- How many units are in transit?
- What is my damage/loss rate?
- What shipping lanes are most effective?
- What carriers are most affordable?
- Is my packaging doing its job in protecting my product?
- Am I over or under packing my product?
- What can I do better?
- How can I reduce supply chain costs?
Since it's not practical to actually travel with your shipment, it can be difficult to know what's actually happening to your product on its journey. In recent years, the cost of damage occuring in the supply chain has been more than $4B annually. For far too many companies, damage is accepted as a cost of doing business, but it doesn't have to be.