Business Intelligence, (BI) is one of the key elements for the maritime industry to make informed decisions. To stay in control of your business, it is important to gather relevant data. BI tools offer a way to collect and analyze information. In this article we will discuss some of the ways BI can be used in the maritime industry.
With our Ultimate Maritime Logistics solutions, BI is one of the elements you can use for your company.
BI tools are used to monitor and analyze vessel performance, including fuel consumption, speed, and efficiency. By collecting data on these parameters, shipping companies can optimize their operations and reduce costs. BI tools are also used to identify areas of underperformance, such as inefficient routes or outdated equipment, and take corrective actions to improve performance.
The maritime industry is highly regulated, and safety is of paramount importance. BI tools are used to monitor vessel safety parameters such as stability, cargo load, and weather conditions. This allows companies to identify potential safety risks and take preventative measures.
Supply chain management
BI tools are used to monitor and manage the supply chain, from vessel tracking to port operations and stevedore logistics. By collecting and analyzing data on cargo movements, shipping companies can optimize their supply chain, reduce transit times, and improve efficiency. BI tools are also used to identify bottlenecks and inefficiencies in the supply chain and take corrective actions to improve performance.
Last but not least: BI tools are used to monitor and analyze financial data, such as revenue, expenses, and profitability. This allows companies to identify areas of underperformance and take corrective actions to improve profitability. BI tools are also used to forecast revenue and expenses and make informed decisions about investments and capital expenditures.
With the increasing amount of data generated by the industry, BI offers a way to collect and analyze information to make informed decisions. By using BI tools to monitor and manage vessel performance, safety, operations, financials, and environmental impact, companies can optimize their operations and reduce costs.
Ultimate Maritime Logistics is an authority in the maritime logistic industry. With our implementation & technical competences, maritime domain knowledge and solution based on Microsoft Dynamics 365, we help you to get a better grip on your business. BI is just one of the methods we use to make your organization faster, smarter en more predictable.
Are you interested in the possibilities for your company? Give us a call and we are happy to discuss the options: +31 (0)884242424