Communication – the key to supply chain success

 

Is your supply chain working efficiently? Could it be improved? Gameplan spoke to Tim de Knegt, Strategic Finance & Treasury Manager at the Port of Rotterdam, about how their revolutionary method of data sharing and communication amongst its logistic partners has inspired impressive savings.

Watch our motion graphic to understand how you could drastically improve your supply chain’s effectiveness through a transparent approach to data and information.

Dutch courage leads to supply chain savings

Tim de Knegt has a close-up view of the hub’s logistical, physical and financial supply activities. By improving the communication channels and data sharing capabilities between supply chain partners, the Port of Rotterdam has been able to cut down a ship’s turnaround from 18 hours to just six.

In real terms, this is equivalent to a saving of €180,000 per ship, per visit – a benefit felt by the entire supply chain and not just Tim’s operation.

Tim has overseen the development of an online platform pilot which securely shares supply chain information using auditable blockchain technology. The aim is to build a real-time means of tracking and tracing transactions and the physical flow of goods.

Tim’s message is simple, and clear. The way forward is adopting a more holistic approach where businesses consider each other’s needs.

“By sharing mutually beneficial information more efficiently, every single participant can act faster and reduce costs. If you’re able to share information between your trading partners, even via a phone call, that’s a start.”

Useful links

For more information about how the Port of Rotterdam optimises its supply chain, visit:
https://www.portofrotterdam.com/en/business-opportunities/why-rotterdam/smart-link-in-your-supply-chain/

Could our supply chain finance solutions help you improve supplier relations?http://commercialbanking.lloydsbank.com/products-and-services/financing/supply-chain-finance/

Our working capital solutions can help you unlock cash tied up in your business
http://commercialbanking.lloydsbank.com/products-and-services/financing/working-capital-finance/

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