Cookies help us deliver the best experience on our website. By using our website, you agree to our use of cookies Dismiss

Softship Pricing Calculator optimises supply chain costs

Softship’s Pricing Calculator introduces a greater level of efficiency and accuracy to the supply chain. Image courtesy of Softship. Softship’s Pricing Calculator introduces a greater level of efficiency and accuracy to the supply chain. Image courtesy of Softship.

Software solutions provider Softship has launched a web-based Pricing Calculator that allows supply chain managers and operators to identify and select optimum end-to-end multi-modal solutions for their customers and achieve full cost transparency.

Designed for trade, sales and agency managers working within containership companies, the Pricing Calculator integrates seamlessly with a carrier’s internal operational software to rapidly and accurately identify all supply chain options and associated costs. In addition, the calculator will also present the contribution each option generates for the company allowing managers to select the optimum solution for both their customer and their employer. This enables users to rapidly provide informed, accurate and reliable quotations in what is a highly-competitive and complex market.

Basic information such as container quantity, preferred timings and load and discharge points are entered into the Pricing Calculator via the carrier’s own customer enquiry form or any other suitable method. The Pricing Calculator interrogates the carrier’s own internal databases and presents all viable routing options, across all viable transportation routes and modes, together with timings and costs. Contributions for each alternative are also given. 

“Modern supply chains can be complex, especially those that contain a road or rail leg as well as one or more ocean legs,” said Thomas Wolff, Softship’s managing director.

“Most ocean carriers don’t consolidate their rates and tariffs in a single repository and tend to hold information in a range of formats which is often scattered around various divisions and geographies. This makes it challenging to identify all supply chain options and to price them accurately. Our Pricing Calculator retains all relevant information in one place which allows it to automatically calculate all feasible routing options quickly and accurately. The user is then able to compare the options and select the one best suited to their customer’s needs. Importantly, the user must also understand the financial implications to their own company of offering one route over another. Our Pricing Calculator accurately defines the contribution associated with each option allowing the user to make an informed decision.”

Similar facilities are available in the airline industry, however, none are in widespread use in maritime. Softship’s Pricing Calculator, which can include transport options such as road, rail, inland shipping as well as ocean shipping, delivers fast, accurate and fully priced supply chain alternatives alongside all-important financial contribution information. It integrates with a carrier’s internal systems using Application Programming Interface (API) technology.

Related items

  • ShipChain launches solution to improve supply chain transparency

    ShipChain has launched a new solution called ShipChain Mainnet to help drive complete supply chain transparency, improve security and the transactional capacity to serve the needs of the largest Fortune 500 and Global 500 companies.

    This launch is a significant milestone toward achieving a modular system across the entire supply chain. It gives supply chain decision-makers the incentive to move from considering how blockchain might be used in global supply chains to realising its evident promise across transport modes and continents.

    “Put simply, we can now fully deliver on blockchain's promise to enable those in the business of trade and logistics to do business with anyone or anything in the world at any transaction size and without an intermediary,” said John Monarch, CEO of ShipChain.

    U.S.-based ShipChain provides an end-to-end logistics platform that delivers full visibility to the global supply chain via the blockchain platform, Ethereum, with a sidechain built on Loom for scalability.

    The launch of ShipChain Mainnet, a public delegated Proof of Stake sidechain of the Ethereum network, means that ShipChain’s blockchain system is now fully developed and deployed, with blockchain transactions now being broadcast, verified, and recorded with full transparency.

    “ShipChain Mainnet vastly increases our transaction capacity, which is essential in an industry such as transportation and logistics,” said Mr Monarch. “This means ShipChain can now support the supply chain tracking and transaction needs of the largest Fortune 500 and Global 500 level enterprises in the world, with capabilities that significantly exceed other alternatives.

    “And this is supported by our Track and Trace blockchain-based system, which brings complete transparency and visibility to the supply chain.”

    ShipChain Mainnet reduces costs by avoiding the congestion and higher pricing users encounter when using the Ethereum mainnet. It also moves the cost of deployment and contract use away from end-users, simplifying and improving the blockchain user experience.

    ShipChain Mainnet also uses a public blockchain rather than a private blockchain. “The lack of trust across companies and actors in shipping today partly stems from a fractured environment - there are no unified systems to truly bring the industry together on one independent platform without competitive risk,” said Monarch. “We believe a public blockchain is safer than operating on a private network controlled by competitors. ShipChain Mainnet provides a protected, permanent ledger of transactions that everyone has their eyes on all at once.

    “That doesn’t mean everyone knows exactly what you’re doing - corporations can still preserve privacy on public blockchains very easily. It just increases trust between your company, suppliers, vendors, and even regulatory bodies if needed.

    “ShipChain’s public blockchain ecosystem also removes the risk of antitrust legal threats, as well as creating a level playing field for all involved.”

    Another benefit of ShipChain’s Mainnet launch is the opportunity it gives to developers to build on top of the ShipChain platform rather than directly on the Ethereum blockchain. This opens up new possibilities for digital freight marketplaces using smart contracts, tokenized inventory management, and robust document management.

    “ShipChain will continue to develop for and enhance the offerings on the Mainnet and encourages others to develop and work collaboratively to make it better and more secure every day,” added Mr Monarch.

    ShipChain has key partnerships with firms including ScanLog, CaseStack, Zinnovate, ParcelLive, KeepTruckin, DistiChain, GTX Corp, and the World Economic Forum. More key partners will shortly be announced.

    “We’ve had a steady flow of new partners, and we hope to be able to announce more soon, including an upcoming deal with a significant Global 500 company, which will significantly expand our modular capabilities even further. We are very excited to begin this next chapter and watch the logistics industry fully embrace the public blockchain.”

  • Klaveness Digital introduces supply chain analytics service

    Klaveness Digital, owned by Norwegian shipowner Torvald Klaveness, has launched a new supply chain analytics division to accelerate digitalisation in the dry bulk industry.  

  • Maersk launches digital supply chain management platform

    Maersk has launched a new digital platform, Maersk Flow, to assist small and medium sized businesses with the complexity of managing their supply chains.

  • DP World joins with TradeLens to digitise global supply chains

    DP World has completed the early stages of integration with TradeLens a blockchain-based digital container logistics platform, jointly developed by A.P. Moller - Maersk and IBM.

  • DG International’s Horizon platform enhances supply chain transparency

    Specialist freight forwarder DG International has announced plans to launch a new cloud-based, single-platform solution bringing end-to-end digitisation, visibility and integration to supply chain management.

Joomla SEF URLs by Artio

Login/Register

Register or Login to view even more of our content. Basic registration is free.

Register now

Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.

 

Address:
Digital Ship Ltd
Digital Ship - Digital Energy Journal
39-41 North Road
London
N7 9DP
United Kingdom

Copyright © 2020 Digital Ship Ltd. All rights reserved           Cookie Policy         Privacy Policy