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Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681

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Chapter
Section
BuyFindarrow_forward

Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681
Chapter 17, Problem 10DQ
Textbook Problem
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What are the different types of performance metrics used to measure transportation providers? Could this same list be used for a third-party logistics provider? Why or why not?

Summary Introduction

To determine: The various performance metrics used for measuring transportation provider and examine whether the same metrics can be used for rating third-party logistics provider and give reasons.

Introduction: Performance based metrics are used for rating suppliers based on their performance which aids them in increasing their profitability. It is a new method which is different from the traditional method.

Explanation of Solution

Various performance metrics used for measuring transportation provider:

The various performance metrics used for measuring transportation provider are,

  • Total cost: The cost of fee charged by the provider, cost for safety stock, extra inventory and other factors considered by the provider comes into total cost.
  • Speed: The fastness of the provider in transporting the materials from their pick up to the destination.
  • Reliability/Fill Rate: The percent of number of deliveries made for a given time...

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