ShipServ, a maritime e-procurement platform, has presented its »Supplier Performance Report«. It is the latest addition to its monitoring and analytic tools.
The »Supplier Performance Report« provides shipowners and managers using ShipServ with a host of key data on the procureme[ds_preview]nt performance of every supplier that they use, enabling them to analyse trends, and identify where improvements can be made, so that relationships with suppliers can be enhanced and fully optimised ShipServ stated.
The report brings together a host of procurement metrics and data on every supplier that a shipowner or manager has traded with through ShipServ over a specific period, from twelve weeks to three years. This includes transaction totals, quote, and win rates, response times, through to price and time sensitivity analysis, most commonly bought items and spend history, as well as the quality level, and payment terms that have been quoted. This data is compiled into an online report, which is updated daily.
The tool shows procurement teams two benchmarks: an individual supplier against the average of all suppliers trading with them, and also against an average of all suppliers trading on ShipServ.
In addition to the »Supplier Performance Report«, ShipServ has launched its IMPA Spend Tracker and Price Benchmark tool. This provides shipowners and managers with an online view of all the IMPA coded products that they have purchased, instantly showing the quantity, average unit price, and total spend. The tool also has the capability to analyse the benchmark unit price of a product, which is the average unit price from all the buyers using ShipServ the company informed. Procurement managers can then compare the benchmark price of a product against the actual price that they have paid, and calculate the total potential overspend or underspend.
