E-procurement: more efficiency in the maritime industry

April 18, 2023
Contratación electrónica: más eficiencia en la industria marítima

Electronic procurement in the maritime industry has been a hot topic in recent years. As digitalization and automation continue to transform the way business is conducted, more and more companies are embracing e-procurement as a way to improve efficiency and reduce costs.

In this article, we explore the current state of e-recruitment in the maritime industry, its benefits and challenges, and how companies can successfully implement this practice.

What is Electronic Procurement?

Electronic procurement is the process of creating, sending, receiving and signing contracts digitally.. In the maritime industry, e-procurement refers specifically to the creation and management of contracts between shipowners, charterers and other providers of shipping-related services.

These contracts may include transportation agreements, charter parties, ship purchase and sale contracts and other commercial agreements..

Main benefits of e-procurement in the maritime industry

The benefits of e-procurement in the maritime industry are significant. First, electronic procurement reduces time and associated costs with the creation, sending and signing of contracts.

Instead of having to print and mail contracts, documents can be created, sent and signed digitally in a matter of minutes. This saves time and reduces costs associated with sending physical documents.

Secondly, e-procurement Improves transparency and efficiency in contract management. With e-recruitment, the documents are stored online and have an easy access at any time.

This means that documents are not lost and information is easier to share and even store for better and efficient accessibility from any device at any time, subject only to an Internet connection.

To summarize, these are the main benefits of maritime companies with respect to electronic contracting:

  1. Time and cost savings: with e-recruitment, procurement processes are faster and more efficient. Instead of having to print out and send documents by mail or express mail, the contracts can be sent and signed electronically in a matter of minutes. In addition, printing costs are eliminated, physical shipping and storage of documents, which can save a significant amount of money.
  2. Increased accuracy and safety: electronic procurement allows for greater accuracy and security in the creation and signing of contracts. The information can be digitally stored in a secure and accessible format, which means that important documents cannot be lost or damaged. In addition, electronic procurement systems provide authentication and identity verification options to ensure that only authorized parties can access and sign documents.
  3. Greater transparency and collaboration: E-procurement can also improve transparency and collaboration in procurement processes. With digital documents, all the parties involved can access the same documents in real time, what facilitates collaboration and team decision making.
  4. Simplified compliance and auditing: Electronic procurement allows for easier management of documents and information necessary for compliance and auditing. All necessary documents can be digitally stored and retrieved at any time in the event of an audit or inspection.

In short, e-procurement offers a host of benefits to the maritime industry, including time and cost savings, increased accuracy and security, greater transparency and collaboration, and easier compliance and audit management.

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