Company Performance Metrics
- Irshad Muhseen: CEO & Founder
Maritime procurement platform for ship managers to source and procure ship spares and stores across geographies, this will disrupt the current legacy procurement methods shortening the lead time for procurement from days to minutes. The traditional ERP-based procurement that has siloed limited vendor visibility will be a thing of the past. The Ship
Managers waiting for days and sometimes weeks to get responses will be obsolete as we will also split the order saving valuable time for managers to compare quotes. Live pricing and instant purchasing are not offered by any ship management or procurement system currently in the market. We match the different formats of ships' orders with multiple vendor catalogues that include thousands of line items. We are building what will possibly be the largest catalogue for marine spares and stores. This enables the technical superintendents to source vendors, price optimize and purchase seamlessly across geographies. Reduce the back-and-forth emails, and wait time for vendors to get back with quotes, and minimize delays, and downtime of vessels. Vendors will have a console with automated quotes, and proforma invoice generation automated. They will save resources by not having to check line items by item, the catalogue match will be done by the Shipzone proprietary algorithm. Vendors through their console have the possibility to update their prices regularly which will be captured and presented to the buyers when they submit their requisitions.