My Network Insights moving into Ocean
Shippers and consignees need to get the right goods at the right place at the right time to avoid a loss in sales, avert disruptions in production processes, minimise financial risks based on contractual agreements, and have a reliable forecast of their inventory.
To assess which ocean service to use for your trade lane, e.g. from Asia to Europe, you need access to performance data from which you can learn what your end-to-end transit time performance will look like, including:
- Which trans-shipments are expected to take place?
- What are the expected trans-shipment times?
- What are the transit times of a specific service?
- What is the expected dwell time between discharging a full container and its gate-out?
- What differences in lead time can be observed, based on the carrier or the destination port selected?
Transporeon can provide these insights based on reliable operational data derived from its Ocean Visibility solution, by helping shippers to make the right selections (e.g. on the port of entry into the Hamburg - Le Havre range) or by selecting services that have shown dwell times at a trans-shipment port with moderate variability. Having this dwell time spent at certain TSP locations can give valuable insights if you can route your goods through another TSP that has less dwell time or consider a direct sailing., even if it costs a bit more, but saves on transit time (as sometimes days in transit are not recognised as revenue, increasing your inventory carrying cost).
The extension of Transporeon's My Network Insights (MNI) into ocean enables you to easily visualise where delays are occurring (POL vs POD or in transit), while also supporting discussions with your carriers or forwarders to make any necessary adjustments to processes, vessel routings, or lead times. No matter what the market condition, shippers are always concerned about delays and how to control them. But a delay does not always need to be a problem, as long as you are aware of its impact and can respond proactively.
This is exactly where and how we support your business.