With growing demands for better service, new products and faster delivery, logistics remains one of the most competitive industries. Whether we are talking about distribution, retail or production, everyone wants a reduction in costs, a more efficient production, and a delivery as fast as possible to help the company over the competition and remain profitable.
The efficiency of logistics processes depends on a large number of factors, and their optimization can be done using the information a logistics manager obtains from some reports. Here are some of these reports that can make the activity of a logistics manager easier.
Time of preparation of orders
The effects of the order honoring process have a major impact on customer satisfaction
This is the first relevant report that helps you measure the performance of your supply chain. If the time between the time the customer placed the order and the time the order is ready to be shipped is too long, it means that you have some problems in honoring the orders to be resolved.
The degree of accuracy of orders from placement to delivery of an order is an important metric
Order accuracy is another extremely important logistics when it comes to the efficiency of your supply chain. It measures the amount of orders that are processed, shipped and delivered without incident: the shipping time as well as the delivery time are respected and the goods are not damaged. This report is important because it shows the efficiency of the warehouse team and the delivery service and, of course, leads to more satisfied customers who want to come back or recommend your services.
The report tracks the time it takes for an order to arrive at the destination
Delivery time is measured from the time the order is placed and until delivered to the customer. If you measure the delivery time in the warehouse (ie from the receipt of the order to the exit of the warehouse), to which you add the shipping time until it reaches the customer and you make an average, you can monitor your activity and measure the efficiency of the processes and, if necessary, you can identify new ways of correcting and optimizing this time.
Monitoring the expenses involved in the management of the deposit
Storage is space and time management. Storage costs refer to the money allocated to the goods transferred in or out of the warehouse, as well as the cost of equipment, energy, storage and loading of goods, labor costs, dispatch and delivery. Measuring them is not an easy task, but it has to be done and is an important factor that influences the profitability of the business itself.
Avoid problems caused by inaccurate stocks
If the scriptic stock does not match the current physical, this can considerably affect your business. If inventory is inaccurate, situations may arise in which customer orders can not be honored, and the number of unsatisfied customers and generally higher costs are increased. A regular inventory that verifies existing discrepancies with electronic inventory records ensures that practices are in order and that the business is reliable.
What are your “champion” products and what are the items you need to get rid of
This report measures the number of sales over a certain period of time. It is an excellent indicator not only for the logistics team for efficient supply planning, but also for better planning of marketing and sales and for more judicious use of these teams’ efforts to maximize sales.
These are just a few of the information on which the logistics manager is based in managing the warehouse activity and its teams. FluxVision WMS is a key component in efficient warehouse management and ensures increased performance of your warehouse, and reports and performance metrics are just a click away regardless of the complexity of your data.