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LOGISTICS FOR HEALTH & BEAUTY INDUSTRY

HEALTH & BEAUTY

We specialize in the health and beauty industry and offer scalable e-commerce solutions, retail consolidation services, and vendor compliance processes for mass retailers.

LOGISTICS FOR FOOD & BEVERAGE INDUSTRY

FOOD & BEVERAGE

We partner with prominent food and beverage labels, and offer frozen/cold, temp-controlled, and ambient/dry storage for efficient shipping to major food retailers.

3PL for Consumer Goods Industry

CONSUMER PACKAGED GOODS

We partner with a variety of fast-moving retail brands spanning from footwear to apparel to small electronics.

Logistics for Industrial and Automotive Industries

INDUSTRIAL & AUTOMOTIVE

Our strategic solutions are customized to meet the unique requirements of various industrial and automotive sectors.

Private Equity

PRIVATE EQUITY

From corporate carve-outs to management buyouts, we have experience scaling supply chains for private equity firms and their portfolio companies.

About ODW Logistics

ABOUT

We are a 3PL provider driven by our culture and focused on Delivering the Difference with purpose-built logistics solutions.

Why ODW Logistics for your 3PL

WHY ODW LOGISTICS

Accelerate your growth with a 3PL that adds value to every link in your supply chain.

ODW Making a Difference

ODW MAKING A DIFFERENCE

ODW Logistics is dedicated to serving the communities in which we live and work and engaging with our associates.

Logistics Careers at ODW

CAREERS

Our growth is fueled by our extraordinary people delivering the difference to our clients every day.

3PL Service Case Studies

CASE STUDIES

Learn how we've helped our clients to deliver them logistics solutions that produces results.

ODW Logistics Blog Insights

ODW BLOG INSIGHTS

Read our latest blogs that give you insight into a variety of logistics topics.

ODW Logistics News and Press

NEWS + PRESS

Learn about our latest awards, partnerships, and featured trade publication articles.

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VIDEOS

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10.24.20181 min read

6 Logistics KPIs To Strengthen Your Supply Chain

There is truth to the old saying, “You can’t manage what you can’t measure.” This is the principle behind how using Key Performance Indicators (KPIs) help improve your supply chain.

If you’re a shipper working with a third party logistics provider (3PL), or just thinking about outsourcing, logistics KPIs are an effective tool for maximizing the performance of your entire logistics operation.

There are countless logistics KPIs that shippers can use to better measure, and therefore manage, their logistics service providers. The benefits can extend to both reducing costs and improving service. Here are six simple, but vital logistics KPIs to get you started.

Cost Management KPIs

Optimizing a transportation budget through KPI use is more than just tracking costs and expenses. KPIs are important factors to discuss during freight contract negotiations and help determine if service levels are being met.

Three KPIs that can be leveraged to optimize logistics spend include:

  1. Load Acceptance Rates – A measurement of how well a service provider is meeting contractual obligations for volume
  2. Utilization - Percentage of a truck being used for the amount spent as a method of improving load consolidation
  3. Accessorials as a Percent of Freight – Percentage of cost from additional charges like OS&D issues, unloading, or other fees

Performance Management KPIs

Just as important are service and vendor performance oriented KPIs, here are three that help measure service in a quantifiable way:

  1. On-Time Pickup – An important indication of a vendor’s service level and ability to help keep your operations flowing
  2. On-Time Delivery – Not just an indication of service by a carrier, but often a measurement of YOUR service to customers
  3. Claim Ratio - Primarily an LTL measurement, this ratio is a good indication of the care taken by carriers while a shipment is in transit

Logistics performance management begins with identifying the metrics best suited for improving service and optimizing spend. For most, tracking and measuring performance of suppliers using KPIs targeting those metrics is the most efficient method for optimizing both.

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ODW Logistics

Since 1971, we’ve been providing warehousing, distribution, and transportation solutions for hundreds of brands. We operate as an extension of your business to control costs throughout your supply chain that deliver you a competitive advantage over your competition.

RESOURCES

SupplyChainBrain | 04.16.2024
What's Going on With Mid-Market 3PLs?

ODW Logistics | 04.12.2024
ODW Logistics announces promotion of Patrick Porter to VP of Operations

ODW Logistics | 04.08.2024
Roadmap to Success with ODW Logistics’ Supply Chain Solutions

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