Much earlier, during its 15th Dec 2010 meeting, the cabinet had approved in principle, this recommendation of Railways' Ministry regarding Pakistan's membership in OTIF
, comprising of 43 nations of Europe, North Africa, Asia and Near East, among which Iran and Turkey feature prominently, while even a train service had also traversed over the route of Islamabad-Istanbul-Tehran- Islamabad in the connection.
Currently, 46 states are OTIF
members and international carriage by rail on railway infrastructure of around 250,000 km and the complementary carriage of freight and passengers on several thousand kilometres of shipping routes, inland waterways and roads are concerned by the uniform law created by OTIF
The company also provides a lot of useful order information and feedback through the OTIF
system, which is very important to ensuring the operation runs efficiently.
The working-capital-to-sales ratio has reduced from more than 18% to less than 11%; we've seen a substantial increase in stock turns, whilst increasing OTIF
out to the customer.
There is also a link for existing customers to a dedicated site that provides real time information on stock levels, POD (proof of delivery) details and KPI (key performance indicator) data, including the recently launched dynamic OTIF
(on target in full) reporting tool.
data adds an extra dimension of accuracy and can be easily exported to a spreadsheet, which allows for trends to be monitored and managed on a daily basis.