Klaveness Digital has launched a supply chain analytics service for the dry bulk industry and has completed a pilot project in Morocco.
The service enables bulk market participants to use their own data to reduce demurrage costs and bunker consumption, optimise working capital and identify "value-creation opportunities", according to Klaveness Digital.
Its analysts work with clients using CargoValue — the online platform launched by the company in partnership with industrial firms including mining giant BHP — to identify both commercial and cost-cutting opportunities by modelling supply chain data in real time.
“We see the Supply Chain Analytics division as a powerful asset for customers seeking to take their supply chains to the next level,” Klaveness Digital managing director Aleksander Stensby said.
“The initiative will also serve as an enabler for Klaveness Digital to further develop CargoValue by rapid prototyping analytical solutions on real customer challenges that can then be scaled into the solution.”
Klaveness Digital — a spin-off company from Norwegian shipowner Torvald Klaveness — has piloted its analytics with customer TAQA Morocco to help the energy firm use its supply chain data in making decisions.
TAQA Morocco, which is part of Abu Dhabi's TAQA Group, operates the Jorf Lasfar thermal power plant, which supplies around 43% of Morocco’s electricity demand.
The project began in January with the aim of replacing legacy spreadsheet-based tools with real-time planning, scheduling and information sharing, according to Klaveness Digital.
Supply chain analytics team
Klaveness Digital started life as an innovation lab within Torvald Klaveness but was spun off to become a standalone company in 2015.
The supply chain analytics team is headed up by Andre Torbjornsen, who started at Torvald Klaveness in 2004 and has worked for Klaveness Digital for four years.
“Our customers have detailed knowledge of their supply chains. But we see that we can assist them in adapting to the new ways of working when they have even more data available for improved decision making, and often need to engage multiple stakeholders to capitalise on new opportunities,” Torbjornsen said.
The supply chain analytics team consists of experts with backgrounds in both the supply chain and shipping industries, as well as those with experience in advanced data analytics, data science and data visualisation, the company said.
