Our new and unique Spend Management solutions including Spend Benchmarking and SpotSource make it easy for your purchasing team to stay in control of spend, ensure compliance and reduce costs.
The challenge for any marine procurement professional is to buy at the best price, at the right time but minimise supplier risk. But how do you know what is the best price if you can’t benchmark your current supplier base against other similar quality suppliers?
Our Spend Benchmarking solution allows you to benchmark your existing supplier base against recommended high quality alternatives.
By leveraging our unrivalled 16 years of trading data our algorithms are able to identify highly competitive, highly responsive and highest quality suppliers in a specific segment of spares or stores. e.g Filters, Valves, Ropes etc.
This enables you to track the performance of your normal suppliers in the segment against the identified recommended suppliers.
SpotSource, previously known as ShipServ Match, is a supplier recommendation service that allows busy purchasing managers to find high quality suppliers in an instant.
Based on 16 years of trading data from thousands of maritime purchasers our sourcing engine selects the best available supplier based on your RFQ – all from within your purchasing system.
It can be used when sourcing hard to find parts or to find suppliers closer to a delivery port to reduce expensive freight costs.
SpotSource can be used as much or as little as required and can be used on RFQs that are also sent to your existing supplier base and the savings gained are completely measurable through your own personalised dashboard.
To find out more about our Spend Management solutions for shipowners, managers and shipyards, click below.