Measures the efficiency of the transportation process by comparing the planned and actual transit times.
What it Measures ?
Ratio of actual vs. planned transit time.
Relevant StakeHolders
Transportation, Logistics
In-depth Use Case / Real-world Example
A company manufacturing consumer electronics tracks Transit Time Efficiency by comparing the planned transit time with the actual time taken for goods to reach customers. For example, if the planned transit time was 5 days, but the actual time was 6 days, the efficiency rate is 83%. Improving transit time efficiency reduces shipping costs and enhances customer satisfaction.
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