New procurement software from Stolt Tankers, MPS

Marine Procurement Solutions offers Direct Connect, a cloud-based e-procurement platform

OCTOBER 14, 2014—Stolt Tankers and Marine Procurement Solutions (MPS) recently formed a strategic software alliance to provide integrated marine procurement systems linked to an electronic trading platform. The product line is designed to be cost-effective, easy-to-implement, simple-to-use, providing complete visibility to the purchasing cycle and enabling ship owners to reduce both operating and material costs.

The integrated product line:

1. ReqLite on board order system

2. Sea Manager order processing and contract management tool

3. Direct Connect e-Procurement trading platform

ReqLite is designed for operators of tugs, barges, dredgers or smaller units where a full maintenance and purchasing software is not cost effective. Straightforward and intuitive, ReqLite allows the crew to build requisitions through a custom material/equipment hierarchy, obtain approval and transmit the document electronically to the office for processing.  A two-way communication link to the office provides instant order status updates.  ReqLite is the smart choice for an owner looking to quickly modernize their on board order processing.

SeaManager is a proven procurement platform used by Stolt and other shipowners that is a full document processing system with a customizable workflow and easy to set approval limits and user responsibilities.  To date, more than a half million documents have been processed reliably and efficiently. Its contract management feature provides shipowners the ability to save money from day one. The proprietary automation feature converts a requisition to a priced purchase order and sends it directly to an authorized approver.  For non-contract material the Target Price feature links the buyer instantaneously to historical data showing the average, best and last price paid.  This takes all the guesswork out of figuring where to get the lowest priced materials.

MPS will be the exclusive marketing arm for the ReqLite and SeaManager software products.

Seamanager is fully integrated into the MPS’s state-of-the-art Direct Connect e-Procurement trading platform.  Direct Connect combines solid reliability with exclusive features targeted to the maritime industry.  Direct Connect will enhance Stolt’s efforts to increase their market coverage and drive down costs for their spot purchasing efforts.