THE SHIPSERV DIGITAL PROCUREMENT PRACTICE

The digital procurement practice is a next-generation trading and purchasing solution that serves as an extended arm of a maritime buyer’s procurement team. Through a combination of our joint procurement expertise, digital tools and our rich data set we aim to deliver the following results:

1. Improved Automation: Removing the slog of tedious paper-based tasks through digital workflow, robotic process automation (RPA) and presented in highly visual online dashboards with real-time alerts. Resulting in happier users.

2. Better Decision Making: Providing users with actionable insights into their procurement processes to facilitate a more strategic and value-driven approach to purchasing; helping to improve compliance, manage demand and review performance.

3. New opportunities: Moving process from analogue to digital practices allows changes to be made and results measured in an instant. For example connect to vessel position data, logistics integration etc.

4. Procurement Savings: by streamlining operations with a digital platform improves accuracy and reduces errors. Fewer errors means less money spent on rework and returns.

5. Clean, high-quality data: One data set that becomes the single source of truth for all stakeholders involved in the procurement transaction

Ultimately, we want to create a definitive data source the provides stakeholders with a collaborative data platform including contract records, supplier catalogues, saving opportunities and analysis. The ShipServ digital procurement practice aims to become your single source of truth for all procurement data and best practices.

This is how the digital procurement practice will deliver the results above:

1. More direct POs: Drive more contract purchasing, with a reduction in RFQs in favor of more direct POs

2. Post-PO focus: Implementation of common post-PO automation across the selier base, such as e-invoicing.

3. Contract Management: Automate, speed up and control procurement through a unique contract management tool from vessel to purchase.

4. Effective catalogue sharing: High quality data is key to speed up the decision-making process and effective contract management. So that buyer & seller don’t need to virtually “start the conversation from scratch” every time they make a new transaction.

5. Quicker quoting: Contracted prices and access to product information are available directly when quoting or confirming a purchase order.

Your journey as a participant of Digital Procurement Practice will start on the 1st of January 2022 - provided you have signed the new DPP agreement. If you have any questions, related to DPP, we are here to help - get in touch with your account manager or dpp@shipserv.com