Namely, 50% of CPOs and CPMs still use their e-procurement systems for transactional purposes, while many systems are obsolete. However, 70% responded that they achieved over 20% in time savings, along with OPEX benefits from their e-procurement system.

Specifically, over one-third believes the market will change in the next five years, due to developments in technology and applications.

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In addition, ShipServ noted several important areas in which maritime e-procurement will rapidly, such as vessel optimisation. This development will lead to more transparency, improvements in automation and real-time inventories.

Moreover, using correctly digital data will provide procurement professionals with optimise their supplier base and embrace category management in order to better organize procurement resources and processes.

In addition, the report presented a number of areas of technology development , which will change e-procurement in maritime over the next years. This includes a change from ERP-based systems to cloud computing systems. This will enable purchasing departments to share data directly with their supply chain.

Finally, regarding blockchain, it will also be incorporated into future systems. Blockchain will distribute data to known and identified members within an agreed network and increase efficiencies.

Nevertheless, Artificial Intelligence and Machine Learning will also play an important role, mitigating the lack of standardisation where product descriptors are different from one buyer to another.

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