Ports and terminals around the world face the challenge of reducing equipment and labor costs, managing growth without large capital investments in land and berth space and developing new technology.
Various managers need to make profitable decisions like accurately quantifying and locating assets for financial planning and procurement of replacement orders, maintenance contracts etc.
Business Intelligence (BI) addresses all the challenges, through comprehensive indicator analysis on equipment management & maintenance. Each department’s equipment inventory status and operability information is available, which is helpful for equipment allocation planning and improving work efficiency.
BI is a state of the art Business Intelligence tool that provides a powerful tool to analyze the port and terminal performance. Port and Terminal Productivity deals with the efficient use of labor, equipment, and land. BI provides powerful means to measure the efficiency of the use of these three resources.
These measures can be divided into production, productivity, utilization and service measures. BI utilizes integrated data from Terminal Operating System (like NAVIS) and ERP and uses graphically rich data visualization tools like dashboards and cubes features to clearly and accurately illustrate the business results and facilitates root cause and impact analysis
Benefits achieved :
- Increasing the reliability and availability of assets and the services the assets collectively support thus heeling to reduce lost revenue due to asset failure.
- Improving performance of assets to impact the top and bottom lines for example: timely vehicle maintenance to reduce costly fuel consumption.
- Capturing actual cost for labor, materials, tools and services which helps to improve bottom line.
- Standardizing & enforcing business processes thus supporting regulatory requirements to document and test business processes while improving efficiency and consistency of work force activities.
The end result for asset managers is the begin point for CFO’s and Department Heads. Taking the assets we know about and planning for the future life cycle of these assets is critical in running a successful, safe and profitable organization.