Value Of Data
In this section you will find INTTRA and 3rd party white papers discussing the value of datain the ocean transport industry.
Your Turn-Times: How To Find If They Meet Or Beat Industry Standards
Industry Average: 49% of all bookings are responded to within 2 hours
28 of 33 carriers provide a turn-time below the industry average of 49%4 Carriers perform significantly above the industry average
A majority of global shippers have tried it. A booking request has been submitted electronically; however the confirmation has not yet arrived back from the carrier. For some shippers a quick turn-around, within 2 hours, can be of paramount importance.
Until now, a shipper could only know how many of his own bookings were handled within 2 hours. He had no quantifiable way of knowing whether the service level he received was better, worse or in line with the industry average. Consequently he was in no position to know whether to press for improvements. Similarly an ocean carrier was in no position to know whether they had a competitive advantage compared to the industry average.
OceanMetrics has the ability to match booking requests submitted by shippers against booking confirmations provided by carriers. This allows for the provision of quantified measurements of the booking turn-time differences across carriers and shippers.
Analysis of Global On-Time Container Delivery
Only 47% of containers booked in the past year were delivered in a timely manner
38% of all late deliveries are not directly related to vessel schedules
OceanMetrics has the ability to match a carrier's original booking confirmation against the status indication that the container is ready for pick-up by the shipper. This information allows an accurate measurement of the on-time reliability of container deliveries. As the measurement is tied directly to the actual delivery of the container itself, it automatically includes any delays incurred irrespective of vessel schedules and routing. This makes the OceanMetrics measurement unique.
The General Value of Using Data & Analysis in Decision-Making
Are you reading 174 newspapers daily?
It is often claimed that we live in the information age. And it is indeed true that the amount of information available is not only staggering, but also rapidly increasing. If you were to reduce all information exchanges globally to digital information,research has shown that every person on the planet currently receives the informational equivalent of 174 newspapers every day. And this number is constantly increasing.
- A practical example of analyzing information based on an actual shipper
- How to Extract Data
- Using a Business Intelligence Solution
Watch a short video overview of OceanMetrics from the INTTRA team.
Learn more about OceanMetrics by INTTRA.OcceanMetrics
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