What is a Shipping Strategy?
A shipping strategy is a comprehensive plan that outlines the steps a company needs to take to optimize their shipping operations, route planning, and supply chain efficiency. It is designed to reduce wait time and increase cost savings, productivity, and efficiency for the company.
What's included in this Shipping Strategy template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Shipping Strategy template for?
This shipping strategy template is for companies in the shipping and logistics industry who need to develop strategies for optimizing their shipping operations, route planning, and supply chain efficiency. Whether you’re a startup or an established business, this template will provide you with a comprehensive plan to help you reach your goals.
1. Define clear examples of your focus areas
Your focus areas are the areas of your shipping operations and supply chain efficiency that you want to focus on and optimize. Examples of focus areas could be optimizing route planning, reducing shipping wait time, increasing cost savings, or increasing productivity. It's important to define your focus areas clearly so you can set the right objectives and measurable targets for your strategy.
2. Think about the objectives that could fall under that focus area
Objectives are the goals you want to achieve within each focus area. After you've defined your focus areas, you can think about what objectives could fall under each one. Examples of some objectives for the focus area of Optimize Route Planning could be: Reduce Shipping Wait Time, and Increase Supply Chain Efficiency.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (Key Performance Indicators) are the measurable targets you set to track progress on your objectives. Setting KPIs can help you evaluate the success of your strategy and make any necessary adjustments. Examples of KPIs could include decreasing the average shipping wait time or increasing the average deliveries per day.
4. Implement related projects to achieve the KPIs
Projects (or actions) are the steps you will take to achieve your KPIs. It is important to implement related projects that are designed to achieve your KPIs and ultimately help you reach your objectives. Examples of projects could include utilizing route optimization software or an automated inventory system.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a software that helps companies develop, track, and execute their strategies. The platform makes it easier to set objectives, measure progress, and analyze results, so you can see faster results from your strategy.