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Procurement survey highlights lack of structured data for analysis

ShipServ has released the results of a survey of 100 maritime buyers across different sectors, pointing to an industry-wide lack of structured data for analysis of procurement trends and optimisation of processes.

{mprestriction ids="1,2"}The respondents included shipowners (44 per cent), ship managers (39 per cent), ship yards (2 per cent), government and military (2 per cent) and other buyers (13 per cent). The research forms part of a report into the best practice and future opportunities for data optimisation within marine procurement.

The survey showed that 78 per cent of respondents would like to increase their procurement spend under contract, but were prevented from doing so due to the complexity and unstructured nature of their data. 69 per cent said that they would like to consolidate their spend with fewer suppliers, but in the majority of cases (60 per cent) were unable to report savings across all spend areas because of inadequate data and reporting tools.

72 per cent of respondents stated that they couldn’t monitor their procurement spend, which extended to the categories, brands, product types and suppliers that they were using, while 72 per cent also emphasised a lack of transparency in their processes, in that they were unable to quickly identify where they were delivering orders, what equipment they had bought, or what brands and products each vessel or office had purchased.

“Given the transformational change that is happening right now in the shipping industry, there is a fundamental requirement to switch from a transactional model for procurement, which is sporadic and mostly done on intuition, to one that is strategic, and driven by data; a model that harnesses efficiencies, reduces spend, and delivers value beyond the basic price of a product,” said Kim Skaarup, chief executive officer, ShipServ.

“To achieve this though, there needs to be a cultural shift and disruption of the status quo, which must be driven from the boards of organisations and cascaded down, and where there is genuine collaboration between procurement and other departments.”

“The current situation is a by-product of a global industry that has always been fragmented with no common standard. This isn’t just applicable to the shipowners and managers, but also suppliers who have suffered from a lack of support for Cloud-hosted catalogue solutions that buyers can subscribe to and use industry standards for identifying units such as IMPA codes.”{/mprestriction}

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