Maintain Cost-Efficient Bunker Consumption Through Shipping Software

Carrier operators are recently shaken up by significant developments involving one of the world’s largest oil suppliers. The shock comes after Denmark-based oil supplier OW Bunker has filed for bankruptcy this year, citing up to $750 million in debt due to alleged fraud. Analysts say this will spark a domino effect as carrier managers are hard-pressed to find alternative suppliers and make up for exposed amounts. Increases in the market price of fuel are also feared. This spells only tough times ahead for many carrier operators, especially those without shipping management software.

It is essential in the maritime services sector to adopt cost-efficient ways to stay afloat in such a volatile industry. It is volatile in the sense that it experiences numerous events that challenge profitability, such as OW Bunker’s filing for bankruptcy. Such scenario has prompted an increase in the demand for effective marine software solutions.

However, companies that already have integrated shipping management software are well-prepared to meet such challenges and shipping software companies have already churned out a variety of cost-saving solutions that profess better management of bunker consumption regardless of various scenarios.
Prior to the development of integrated shipping software, carriers relied on structural modifications to render their vessels more fuel efficient. For instance, modified fins can be considered for better speed regulation. The downside to this is that modification costs a fortune and takes a long time to install. Modern shipping on the other hand relies on digitizing speed calculation and management through intelligent voyage calculation. The system automatically estimates and determines ideal vessel speeds. It makes complex calculations that can accurately identify fuel-efficient speeds without compromising on-time deliveries, in a sense leading to bunker savings.

Other factors such as weather conditions and technical failures also pose risks to effective fuel consumption. Operators are powerless with regards to these, which is why they need a shipping software system that mitigates the effects of such scenarios. An intelligent voyage calculation system can make precise estimates as to current position and voyage duration. It then recommends a wide-range of actions that the crew can undertake to keep fuel intake within ideal limits while minimizing, if not eliminating, delivery delays.

Marine software solutions also allow for effective fuel management. There are software options that feature accurate fuel usage estimates using sophisticated operations. The software determines the actual consumption needs of the vessel, singling out the “cappuccino effect” which usually happens when filling up the vessel’s engine. With sophisticated bunker management software, monitoring bunker activities can work like a breeze. Carriers can breathe a sigh of relief knowing that they are consuming bunker volumes actually needed for particular voyages. Imagine the savings it entails!

Commercial shipping management has come a long way. From making manual estimates on bunker consumption, carrier operators now use marine software solutions to face a variety of challenges to their revenue generation. Despite difficult times ahead for the bunker fuel market, carrier operators can continue making money through automated fuel management processes.

Ground Breaking Software Solution For Seamless Shipping

Business operations in today’s interconnected market has evolved significantly. With the rising international and commercial trade, tracking incoming and outgoing goods from different locations has proven to be a challenging task for a lot of businesses. In order to achieve harmonized shipping operations, good shipping software is required.

A reliable shipping software solution seamlessly merges into your business’ processes and work flow. The goal for using such software is to automate all labor intensive functions as much as possible.

In the shipping industry, there is a need for a flexible solution that can efficiently aid in managing and overseeing shipping functions with the use of the Internet. A unified administration system controls cargo flow management from a central location which offers the capability to control agents, vessels, and equipments. All involved parties are able to trace the shipment’s movements in real-time.

What is important about a shipping software solution is that it can be tailored to automate existing procedures and provide built in best practices at the same time. You can enforce selected modules that conforms to your shipping needs regardless if you are a large container carrier or a local feeder operator. If the company wants to improve the utilization of their existing container stock, an off-the-shelf equipment control system will come with built in modules for container tracking, container forecasting, turn around analysis, lease management, and demurrage detention billing.

The use of a voyage calculation software will provide complete control over voyage revenues and expenses to maximize profitability. It will automatically calculate voyage and port cost related fees and expenses and reconcile supplier invoices against actual volumes and agreed supplier tariffs. This will avoid costly mistakes and helps to ensure an integrated information flow between operations and accounts payable.

Shipping software provides features that will allow shipping companies to automate processes that have been hard to control and that still rely mainly on manual procedures. An all-in-one system ensures that all the important operational elements in this industry are managed in the most efficient way. The primary objective of having shipping software in place is to have a completely organized shipping process that increases productivity and reduces operational expenses. The complexity of transportation processes to and from any part of the world should be reduced considerably for greater ROI. Shipping software solutions help in achieving excellent customer service as well as streamline operations.

With adaptable off-the-shelf solutions accessible to gain competitive edge, it is vital for shipping agencies and shipping companies to utilize modern software technology in their daily business.

Top Five Reasons It Makes Sense to Consider an Integrated Endicia Shipping Software Solution

Endicia is one of the oldest and most respected electronic postage providers, in competition with only a few others, which include Stamps.com and Pitney Bowes. You could say that Endicia was the original purveyor of electronic postage, a claim that their moniker makes which can be traced back to the late 80s, when founders Amine Khechfé and Scott Montgomery launched the company. By 2007, the company would be acquired by Newell Rubbermaid for an undisclosed price. Today, Endicia serves millions of customers daily, offering them a cost effective electronic postage solution that can drastically trim the price they are paying for postage. It is one of the top favored solutions for ecommerce store owners. Plenty of eCommerce shopkeepers are unaware that many of the remedial pack and ship processes they experience daily can actually be fully automated by integrating an Endicia shipping software solution. The top five reasons to consider doing so will be explained in this article for you.

Reason One: Easy Label Printing

While there are options to print shipping labels from Endicia, are they compatible with your elected shopping cart or order management system? If they are not, you could find yourself manually copying and pasting your orders in. This can equate to a large amount of time that you have to spend and can also contribute to increased order errors in the shipping process, which result in returns and dissatisfied customers, ultimately eating into your bottom line. Integrated software can talk to the Endicia API and that API of your online store to automate the shipping information to and from your shopping cart and Endicia, allowing you to easily print accurate and professional shipping labels using the electronic postage provided by Endicia.

Reason Two: Faster Pack & Ship Process

The more orders that you can fill, the happier that your customers will be. By extricating the tedious pack and ship process, as outlined in reason one, you can more accurately fill more orders each day. A software solution can allow you to better expedite your shipping process by speeding up the packing side of the process, so you can get outbound orders out the door sooner.

Reason Three: Fewer Ship Order Errors

Order errors can eat up your profits in a jiffy. When wrong items are shipped, or when items are shipped to the wrong address, they result in costly returns. What’s more is that your customers crave accurate shipping. With an integrated software powering your shipping and order fulfillment process, you can fill more orders more accurately. Furthermore, the best solutions have error flaggers that will find and flag order errors before your shipments are sent out.

Reason Four: Less Time Consuming Status Updates

Your customers need to know when their orders have been shipped. If Endicia can’t talk to your API (in your shopping cart or order management system), then the ship statuses have to be updated manually. Software, however, can automate this process and updated ship statuses, amend or add comments and even send automated tracking numbers to customers once the orders have been shipped out.

Reason Five: More Integrated Order Fulfillment & Management

A good software solution will do more than just talk to your Endicia account and your shopping cart; it will also talk to any order management system that you have in place. This means that you can run multiple stores, for example, and still retain an accurate inventory as the orders are fulfilled in real time. This can eliminate the costs of a fulfillment house while empowering you to take full command of your order and fulfillment processes.

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