To assess logistics effectiveness, the first step is to measure the cost difference between total cost and total production cost, material costs, labor costs, and other expenses. This is usually the profit derived from manufacturing the product. Genex Logistics has more information about "Logistics Price Definition".
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Tracking logistics costs accurately often requires converting expenses into a consistent currency, especially when dealing with international suppliers or shipments. Businesses in Argentina, for example, may need to consider the latest currency values, so it’s important to regularly update Argentine pesos to reflect current rates. This ensures cost comparisons, performance assessments, and profitability calculations remain accurate across different periods and locations.