5 Benefits of Analytics in Logistics

Is data analysis at your organization still done manually? Then you're spending too much time generating insights. And you're also not 100% sure you have the right data to base decisions on. So how should you tackle this? Read on.

Fortunately, we humans aren't robots. That's why we sometimes make mistakes. But as a manager, you need to make the right decisions every day to steer your logistics organization. You need to improve your planning, increase your performance, and of course avoid as much risk as possible. To manage this, you need error-free data. On time. Analyzing data manually therefore creates risks: it takes too much time and data quality isn't guaranteed.

Getting started with Analytics

This is exactly why many logistics companies are switching from their traditional way of working to an automated approach with a data visualization tool. Analytics software gives companies a time saving and the certainty to make decisions with the right insight. This digital tool helps your organization perform better. But beyond that, there's another important reason to use data analytics software. Something many organizations don't consider: you're taking a risk when you don't use it. Because most companies work with a data visualization tool, you lose the race. All your competitors already have their figures visualized in time, allowing them to make better decisions.

In a market with many competitive players, one late delivery or unexpected surcharge can quickly mean one less customer. Or even game over. That's why it's essential to have clear insight into deliveries, lead times, transport routes, fuel costs, loads, bookings, and carriers so you can take action in time. Most companies come around because of the above arguments. But there are more crucial reasons for a manager of a logistics organization to start working with data visualization. Below we've listed 5 more benefits for you.

Benefits of Qlik for Transport & Logistics

1. Increase operational efficiency and profitability through in-depth analysis of every step in the logistics chain, such as the service and network portfolio of customers.
2. Gain insight into cost items and profit drivers within the logistics chain so you can deploy resources efficiently. For example, one of our customers discovered through insight from Qlik that a product traveled 150 km more than strictly necessary.
3. Always stay up to date on deliveries by visualizing your DIFs, DOTs, and DIFOTs in a single dashboard.
   (DIF – Delivery in Full, DOT – Delivery on Time, DIFOT – Delivery In Full on Time)
4. Have one version of the truth. With a data visualization tool, you create a single version of the truth so you can make the right decisions based on it.
5. Streamline safety, traceability, and compliance reporting with drill-downs down to the smallest details in your data.
6. Bonus point: More creativity = more insights. A professional tool challenges you to look at data differently. This leads to new insights, spotting bottlenecks, and the ability to solve them. It offers more room, creativity, and therefore better insight to help you steer as a manager.

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