Integrated Ship Bunker Procurement Solution
Fuel Procurement Management system addresses all aspects of fuel procurement for shipping companies, taking care of the cost quality and risk management related to the purchase.
Fuel procurement is characterized by volatile prices and fast changing opportunities. A bunker trader is flooded with information from various sources – suppliers, market data providers, ship operators along ship routes around the world. His job is to quickly evaluate and make bunkering decisions from the multitude of options received and coordinate with all the players involved.
Calsoft’s Fuel Procurement Management Solution (FPMS) addresses this need – this Procurement Management Software facilitates coordination for fuel oil procurement and supports decision making for cutting fuel costs, improving quality and managing fuel price risk. FPMS is a simple and easy to use procurement tool targeted at senior management and traders in a shipping company.
FPMS has been developed to provide multiple functionality at various levels across the supply chain. It is a decision support tool for senior management and a personal productivity tool for traders in a shipping company.
Management can:
- Optimize costs and streamline processes
- Proactively plan procurement
- Have visibility across the procurement lifecycle
- Track the status of any request – outstanding orders, stemmed requests, and claims
- Reduce transaction cost thru automation of the entire procurement cycle
- Generate analytical reports and provide timely analysis to facilitate quick, real time and informed decision making
Trader can:
- View all the requests from around the globe in his task inbox
- Make the optimal purchase price decision based on timely system generated inputs
- Send RFQ's automatically within minutes of receiving a request
