What is Network View?
Network View allows you to create a digital twin of your network, which you can use to test out the effect of changes to your business in a predictable environment. In addition to exploring different key metrics, you can also edit your volumes with key shippers, adjust lane volumes, add drivers at new locations, and evaluate customer bids.
How do you create these recommendations?
Each report has three key components:
Loads: Data on the available loads during the time period of the report. This includes information like the origin, destination, rate, and mileage.
Drivers: Data on the drivers that were available during the time period of the report. This includes information like equipment, permits, and time at home requirements.
Parameters: This is a set of variables that is unique to your business, and is used to ensure that the engine is making a realistic decision based on your specific practices. During the calibration process, we adjust hundreds of different parameters to tune to your exact preferences. This includes many different attributes, including information like cost incurred by different driver types, how aggressively it should pursue performance metrics (like on-time percentage) vs profit, and how different commodities are handled.
Once these components are completed, we run the data through our proprietary core.ai engine, which determines the optimal set of loads that could be run on your assets, for maximum performance, which make up the loads in the Fleet category. The External category is everything that is recommended for a brokerage.
What Key Performance Indicators (KPIs) do you calculate?
Network View measures multiple different KPIs, and simulates the effect that changes to your network will have on these KPIs. Each view has different KPIs that are relevant to the section:
Top KPIs (visible on all pages):
Total Revenue: Sum of revenue produced in this report
Profit: Sum of revenue produced in this report, minus the total costs incurred
Loads Taken / Available: Loads taken is the total number of loads that were run on your fleet in this report, compared to the total available loads.
Loaded Miles: Percentage of miles that were loaded, compared to total miles driven.
On Time: Percentage of loads that arrived at their destination on time, compared to total loads taken.
Service Coverage: Percentage of loads taken, compared to the total available loads.
Shippers & Lanes:
Fleet: Total number of loads run on your fleet in this report. This is the same as
Loads Takenin the overall KPIs.External: Total number of loads that were sent to an external source in this report.
Service Coverage: Service Coverage: Percentage of loads taken, compared to the total available loads.
True Profit ($): True profit is a measure of both the actual revenue from the load, as well as the difference of value between the market the driver started in and ended in for the load. With this calculation, you can see both the revenue and the effect on the network.
True Profit / Mile: True profit ($) divided by the total number of miles.
Revenue / Mile: Total revenue divided by the total number of miles.
Loaded Miles: Percentage of total miles driven that were loaded miles
On Time: Percentage of loads that were on-time.
Avg. LOH: Average length of haul (in miles) for this shipper or lane.
Domiciles & Driver types:
Total Drivers: Number of unique drivers.
True Profit ($): True profit is a measure of both the actual revenue from the load, as well as the difference of value between the market the driver started in and ended in for the load. With this calculation, you can see both the revenue and the effect on the network.
Avg. Miles / Week: Average miles driven per week.
Empty Miles (%): Percentage of total miles driven that were empty (not loaded).
Hours at home / week: Average number of hours per week that the drivers spent at home.
Drivers:
Load count: Total number of loads assigned to this driver.
True Profit ($): True profit is a measure of both the actual revenue from the load, as well as the difference of value between the market the driver started in and ended in for the load. With this calculation, you can see both the revenue and the effect on the network.
Avg. LOH: Average length of haul (in miles) for this driver.
Avg. Miles / Week: Average miles driven per week.
Empty Miles (%): Percentage of total miles driven that were empty (not loaded).
Hours at home / week: Average number of hours per week that the drivers spent at home.
How can I test out different changes to my network?
In order to make edits to your network, first create a simulation, then make any desired changes and run the simulation. The new report will have updated KPIs that reflect the effects of the changes to your network.