GITNUX MARKETDATA REPORT 2023
Essential Shipping Metrics
Highlights: The Most Important Shipping Metrics
- 1. Order Cycle Time
- 2. Perfect Order Rate
- 3. Order Fill Rate
- 4. Carrying Cost of Inventory
- 5. Shipment On-Time Rate
- 6. Freight Cost per Unit
- 7. Transit Time
- 8. Order Accuracy Rate
- 9. Shipment Damage Rate
- 10. Returns and Refunds Rate
- 11. Dock-to-Stock Time
- 12. Warehouse Capacity Utilization
Table of Contents
Shipping Metrics: Our Guide
Navigating the complex world of shipping involves understanding key metrics that can optimize your business operations and profitability. Our recent study delves deep into the essential shipping metrics that matter most, from delivery time to cost per shipment. Get ready to unlock insights, streamline your shipping process, and increase your competitive edge in the industry.
Order Cycle Time
The amount of time between the customer placing an order, and the order being shipped. This measures efficiency in processing and dispatching orders.
Perfect Order Rate
The percentage of orders that are delivered on time, with the correct products, in the proper condition, and accompanied by the correct documentation
Order Fill Rate
The percentage of orders shipped in full, without any backorders or out-of-stock items. This metric demonstrates the availability and management of inventory.
Carrying Cost Of Inventory
The cost of holding inventory in stock, including storage costs, insurance, taxes, and the potential decrease in the value of products over time
Shipment On-Time Rate
The percentage of shipments that arrive at their destination within the expected delivery window
Freight Cost Per Unit
The average cost to ship a unit of product, including transportation, handling, and any surcharges or fees
The amount of time it takes for products to travel from the shipping origin to the final destination
Order Accuracy Rate
The percentage of orders that are shipped without any errors or discrepancies in products, quantities, or documentation
Shipment Damage Rate
The percentage of shipments that arrive at their destination with damaged products.
Returns And Refunds Rate
The percentage of shipped orders that are returned or refunded, often due to incorrect or damaged products
The time it takes for products to be received, processed, and stocked after arriving at a warehouse or distribution center
Warehouse Capacity Utilization
The percentage of available warehouse space currently being used for inventory storage. This metric helps to optimize inventory levels and identify needs for additional storage space.
Frequently Asked Questions
What are shipping metrics and why are they important?
What are some common shipping metrics that businesses should track?
How can shipping metrics help improve customer satisfaction?
How can businesses use shipping metrics to optimize their supply chain operations?
How do businesses gather data for shipping metrics?
How we write these articles
We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly. See our Editorial Guidelines.