Description

Even when the shipping market was buoyant, shipping companies were always looking for ways to reduce costs, increase operational efficiencies and maximize charter income. But with market conditions increasingly becoming unpredictable and charter rates falling, now is the time to get the costs under control and better manage spending. Until recently, the purchasing department for ships had been one of the peripheral departments, however 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.