Imbibing Measure Yardsticks in a Logistic process
Organizations engaged in sectors that have translocation of products as their central ’success determinant’ know what their ‘logistics system’ means to them. Any delay in proper positioning of materials can prove to be a strong competitive advantage for the concerned organization’s competitors. To avoid losing the hard built stand due to flaws in ‘logistics structure’, organizations often engage themselves in construction of ‘balanced scorecard’ for handling the issue.
This is to assign values to those aspects of the subject that are seen necessary. Such an act later helps in monitoring of the complete scenario and making sure that everything is in place. In this regard, the concept of JIT (Just in Time) is often cited to lend a helping hand in the current topic.
By getting down to the depth of factors that impact the outcome, howsoever small it may be, the previously distorted structure of logistics can be rectified. This will lay down the foundation of an appropriate logistics system.
The catch however lies in coming up with a suitable set of indicators. This should be such that the reflection of the whole picture is possible so that any deviation can be spotted there and then and measures for its correction be devised. One can go in for a off the self logistics scorecard that offer a good starting point. The eventual solution has to be a highly tailored one as only then maximum fruits can be attained.
