Reveel Peer Index™ (RPI)
What is the Reveel Peer Index™?
If you could only use one number to judge the health of your shipping, your Reveel Peer Index™ is it.
Your RPI is a number from 0 to 100 that is calculated based on your six VitalFactors™ relative to your peers. It’s a true measure of your shipping health, incorporating all your VitalFactors™ in one easy-to-use number.
Your RPI is not a “score”, but rather an index (like a stock market index) based on millions of shipping data points that compare your results with those of your peers. We use computational techniques to identify your “peer cohort” based on companies with similar VitalFactors™ as well as other dimensions like volume. Now, armed with your RPI, you can take informed steps to optimize your shipping costs to the best possible outcome.
How Do You Measure Shipping Success?
Changing buyer behaviors and increased consumer demand, combined with record price increases from the carriers, have made it virtually impossible to objectively benchmark your shipping operations performance. It is highly unlikely that your shipping costs will go down. However, as shipping costs escalate, it is also difficult to determine the appropriate additional costs relative to the volume increases. The only objective way to know is by benchmarking your performance relative to shippers who ship in similar ways to you.
The truth is, most businesses have insufficient ways of objectively measuring shipping success and we all know "you can't manage what you can't measure."
Using RPI to Your Benefit
Now you have this all-in-one number to assess your overall shipping health, how should you use it?
RPI is the one number that tells you how you’re doing but we take Peer Benchmarking a step further. Every Vital Factor also provides a Peer Benchmark so you can see where to focus your attention at a glance. You can also tap into the Actionable Insights to see exactly where you can make improvements. And you can refer back to your RPI to see the difference these changes have on your overall shipping health.