A return on investment in technology, people and operations must be evident. Demonstrating ROI requires two factors:
- An assessment of the total cost of optimisation
- A comparison of the solutions used versus benchmarked alternatives
Determining the impact of optimisation technology requires:
- Benchmarking key performance indicators before implementing the technology
- Comparing the results via optimisation to the benchmarks
- Performing regular audits of optimisation performance
Understanding the current performance of logistics operations can identify opportunities for improvement.