Planning for the Maritime Industry
Quintiq provides real-time decision support and optimization software solutions enabling Chartering, Operations and Finance to take every time optimal and aligned planning decisions in seconds with the aim to achieve significant cost savings while maximizing overall profit.
Profit Optimization Complexity
In a highly interactive scheduling process between different actors at different locations (charterer/ broker/ operator/ ship master/ port agent/ etc), where activities are not performed in chronological order but in continuous looping until all cargoes have been fixed and delivered, reality often overtakes the optimal plan so constant revisions, updates and interactions are necessary between all actors. During execution occurring events or arising opportunities might imply that the involved roles need to enter yet another loop through the planning processes.
Because of the decision making complexity between commercial and operational departments it is often difficult to say if the executed voyage or fleet allocation was the most profitable decision. Instead of planning on experience, working with key performance indicators (KPIs) allows planners to measure and improve the quality of a plan, not only when making the plan but also during its execution.
People will no longer be only focusing on making a feasible plan ‘within time’ but will be focusing on improving the quality of the plan, since computer power will now do the complex calculations for the planner and propose suggestions and alternative plans in seconds ranked on profitability, while respecting all constraints and unique business rules.
Empower Human Interaction
Fleet planning or voyage scheduling tends to be a very labor- and time intensive process and therefore Quintiq supports and empowers human interaction. A decision support system helps planners with fast calculations, suggestions, alerts, and intuitive visualizations helping them make better-informed decisions based on the facts, thus maximizing profitability. Company-wide transparency and real-time information also allows actors in different locations and time zones to see instantly the consequences of decisions taken by others that relate to their planning area, and to react to them.
Please look at Quintiq Solutions to learn about our different planning capabilities including Designing Optimal Fleet Network, Capacity Optimization and Voyage Scheduling & Revision Management.