Incident Cost Calculator

Losses related to temperature excursions and shipment delays include both time and money. But how do you quantify this loss in real terms, and what effect does your logistics provider’s performance have on these results? Discover the impact of logistics incidents on your opportunity and direct costs using World Courier’s incident cost calculator.

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Opportunity Cost

The supply chain, QA and study teams deal with the immediate consequences of an incident, decisions on resupply and investigation and documentation. Calculate the financial impact of this diverted time using the hourly rates for your business:

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Category Numbers of Associates Hours Per Excursion Per Associate Hourly Rate
Immediate management of the excursion
Planning and executing re-supply
Investigation

Direct Cost

Product replacement costs can vary significantly. Calculate the financial impact using costs and unit numbers of your own product – not forgetting associated transport and destruction costs:

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Product Cost of Goods Units Per Shipping Box Shipping Destruction Number of Shipments
Your Product

Your Calculated Impact

Total People Hours Per Excursion

Total Cost of Associate Hours Per Excursion

Total Product Replacement Cost

Total Product Cost Per Excursion

With a 99.9% courier you stand to lose $0 and with a 99.0% courier you could lose up to $15,600.

Can you afford to take that risk? On the surface, the difference between 99% and 99.9% may seem negligible, but a failure rate of 1% and 0.1% could mean 10 times the possibility of something going wrong. What does this mean for you based on your opportunity and direct costs?

Reducing investment in specialty logistics services can be a false economy.