Maritime e-procurement platform Procureship has agreed a new partnership with ABS Wavesight, a deal that will see Procureship included within ABS Wavesight’s range of integrated vessel and voyage optimisation tools.
Established in Greece in 2016, Procureship connects marine buyers with suppliers and service providers. The company currently manages a network of suppliers across major ports and regions, connecting them to approximately 60 buyers representing over 1,700 merchant vessels.
Users of the software will be able to access the procurement platform directly from ABS’ Nautical Systems application, to improve procurement cycle optimisation. Nautical Systems’ Purchasing Manager will provide centralised procurement management and inventory control, while Procureship will contribute its machine learning (ML) capabilities, real-time market analytics and reports with recommendations to support improved purchasing decisions.
“Effective procurement processes are a strategic imperative for operators, as they can drive operational efficiency and cost savings,” said Paul Sells, Chief Executive Officer at ABS Wavesight.
“While environmental protection plays a large role in what we do, it’s not the only benefit of digitalisation. Giving users the option to bring Procureship’s world-class capabilities to the ABS Nautical Systems ecosystem will help maritime businesses realise the comprehensive benefits of their digital tools.”