Can digitization give 10% cost reducation on ship repairs?

We believe that digitization can help you work more effectively and reduce cost, save time and ease the stress of your superintendents.

We ask for feedback in order to write a summary of cost reduction efforts and share it with our contributors!

Is it possible to reduce cost by 10%?

Digitization is about improved "ways of work", closer partnership, distributed value chains, lean processes and self service operations, supported by modern cloud based IT systems.
From a cost saving perspective we would like to discuss target areas and potential savings / improvements from initiatives like;

1. Online collaboration with your stakeholders, yards and suppliers
2. Reduced unplanned off-hire trough better specifications and risk control 
3. Saved time and improved quality from reuse of best practice specifications (both commercial and technical specification)
4. Reduced cost trough better planning, quality based specifications and transparent tracking of budget and progress
5. Improved management insight and transparency in the process of yard quotation and yard selection  
6. Better prices from early planning of purchases of spare parts and service engineers
7. Less need of superintendents for administrative tasks and tracking of status (and more time available for technical issues and quality insurance work)

We believe that that the combination of improved operational planning and management and the use of shared and knowledge based specifications is the key to improve.

Management system: Must secures a systematic process with focus on early planning of your maintenance operations and collaboration activities. You must require online updates from suppliers and yards, and share transparent and open management information with your owners and key stakeholders.

Specification tool: The technical specification is often well managed in your PMS system, but we believe that there is improvements i the management of the commercial aspects and the detailed work descriptions. Tight cost control, detailed yard quotation and seamless management reporting is key areas to control.
Why this post?
We are a Norwegian company that have worked with digitization and cloud-based systems for shipyards and suppliers since 2012. We are now sharing our  experiences with shipowners and ship managers - "always at your best".

Read more about how technical projects is run in VesselMan here.