26 February 2010
No matter how buoyant the shipping market, shipping companies are always looking for ways to reduce costs, increase operational efficiencies and maximize charter income. But until recently, the purchasing department has played a relatively peripheral role in these important initiatives.
Today, there’s a new way to do business that brings Purchasing to its rightful place at the strategist’s table, while dramatically improving purchasing speed, efficiency and visibility.
Hundreds of companies around the world have turned to an e-marketplace to drive the ship supplies market to new levels of efficiency, effectiveness and strategic value.
ShipServ is the e-marketplace for global shipping supplies. Founded in 1999, it has grown over the years to an annual trading volume of over $1.2bn in 2009. Today, ShipServ helps nearly 150 ship owners, ship managers and shipyards improve the way they do business. It does this in three ways:
Automating manual processes. Replacing faxes and phone calls with simple, web- and email-based transactions (reducing cycle times by around 30%).
Driving down search costs. Buyers and suppliers spend a fortune trying to find each other. ShipServ drives down these costs, dramatically and measurably.
Using information to make better decisions. ShipServ gives new visibility into a wide range of important metrics – from supplier and purchaser performance to sourcing efficiency, requisition times and levels of PO/Invoice mismatching.
The result of these three innovations has helped ship owners and managers supply more ships more efficiently without adding back-office staff. It has also helped suppliers generate new business at the lowest possible cost per sale. Win-win.
ShipServ brings together a range of powerful solutions in an integrated marketplace platform that helps buyers and sellers find each other easily, connect cost effectively and trade efficiently:
TradeNet – the ship supplies trading platform that connects the entire supply chain with electronic information flow.
Pages – the ship supplies industry’s most comprehensive and most active supplier directory.
Mariner’s Annual – the international shipping and offshore drilling industries’ ordering guide.
Together, these tools are helping the operational supplies market transform itself to take advantage of the power of the Internet.