Definition of this KPI:
Cost per Mile/Kilometer represents the total expenses incurred for transporting goods over a specific distance.
A lower cost per mile/kilometer signifies better cost-effectiveness, indicating efficient resource utilization and financial sustainability.
This KPI can be calculated as: Total Transportation Costs / Total Distance TraveledThe KPI will be measured as: financial value (e.g. €, $)How to interpret the KPI: lower is betterThe strategic objective to measure with this KPI: Reduce operational costs, negotiate better rates with suppliers, and improve overall financial performance by optimizing transportation expenses.
