The shipping and ports industry has been facing remarkable changes in recent years. While global demand for transportation services remains strong, the deregulated market place is forcing individual companies to compete harder for new and existing customers. As cost pressures and service demands escalate, shippers and carriers are collaborating strategically to share resources and information while also realising economies of scale. Business cycles are becoming shorter so all players have to be quick to respond to market forces and continually anticipate change.

Using business intelligence, companies will be able to accelerate the speed of goods distribution as well effectively use sales data collection for competitive advantage. Also, an operational performance management environment monitoring the value of critical contributing factors can attribute to safety, quality and environmental protection measures.

Some of the areas where Business Intelligence tool ElegantJ BI Solutions can be applied to shipping management:

• Transport Efficiency Analysis: Calculates the average efficiency of a ship carrying weight and volume compared to maximum capacity of a ship in relation to the total number of ships used as sources in the measurement.

• Turnaround time: The average time elapsed between ship’s arrival at one port and its departure.

• Shipment/freight zone: Distribution of shipments over the freight rate zone of the service provider.

Other Analysis Areas:

• Average Shipment

• Number of carriers per mode

• Deviation

• Total Orders

• Shipment Service level

• Freight Costs Index (%)

• Maximum Transportation Duration

ElegantJ BI provides several business intelligence benefits to Shipping Industry.

Business Intelligence Advantages

• Effectively analyse and improve decision making on issues pertaining to factors as Region (Location), Shipment number, Time dimensions, Shipping Point, Route, Products / Type of Goods / Materials /Containers, Forwarding Agent / Supplier
• Create a new level of transparency in ship operational performance issues
• Enhances opportunities for effective decision making of important operational performance issues in shipping
• Focus on efficient quality improvement processes
• Establish a basis for establishment of operational standards
• Provide a more efficient use of resources for audit, inspections, and operational follow-up

Moreover, with ElegantJ BI balanced scorecard implementation organizations across all industries can achieve continuous improvement through Key Performance Indicators (KPIs) or Key Performance Metrics enabled process performance monitoring against the set targets - KPI for Shipping, KPI for Retail, KPI for Manufacturing, KPI for Pharmaceuticals, KPI for Healthcare, KPI for Hospitality & Entertainment, KPI for Life Science, KPI for Oil, Gas & Energy, KPI for Transportation & Travel, KPI for Banking, KPI for Finance Services, KPI for Insurance, KPI for Utilities, KPI for Telecom, KPI for Education, KPI for Consumer Packaged Goods and KPI for Government & Public Sectors.