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A freight logistics audit will generally cover both inbound and outbound transportation as well as other logistics related activities such as stock management, warehousing or trade compliance.
A Logistics audit will invariably start with gathering quantitative and qualitative data from key stakeholders and with analyzing and interpreting this information. The main departments collaborating in data collection and interviews will typically be Logistics and Transportation as well as Warehousing, Purchasing, Production, Trade Compliance, Customer service and IT departments. All these departments are involved directly or indirectly in the supply chain and can provide a valuable insight on the situation as well as benefit from the outcomes of the audit.
Typical findings will generally relate to the (without being limited to) logistics sourcing strategy, customs compliance performance, HTS management, freight optimization and consolidation, order and stock management, ERP and logistics systems interaction, process streamlining and unification, premium transportation limitation and regulation, logistics provider portfolio strategy and contract management.
The ultimate purpose of the logistics audit is to objectively evaluate the entire process in order to identify any inefficiencies, bottlenecks, and waste(1). provide suggestions for improvements and modifications summarized on "to-be" maps and adequately prioritized. Specific recommendations, action items and risk assessments will accompany these suggestions and solutions to help with their implementation.
In a nutshell, a freight logistics audit will identify good working practices and improvement or optimization opportunities inside the logistics chain of an organization through an objective assessment and data benchmarking and moreover, will map a road leading both to qualitative service improvement and logistics savings and cost avoidance.
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What is logistic audit and role of audit for logistic performance?
A Logistics audit is an unbiased assessment by an independent party of all aspects of a client's supply chain system, including supplier and customer relations, planning procedures, document flow, logistics infrastructure, quality control and correspondence of logistics costs to local market conditions.In-depth experience and knowledge of best practices help auditors to identify problem areas, potential areas for improvement, and opportunities for the application of advanced technologies.Logistics audit unlocks hidden logistics valueLogistics audit uncovers hidden sources of logistics value and develops a plan for an optimal logistics function by improving operational efficiency through better logistics system management including integration and close coordination of the supply chain components.
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