New partnership expands ESG-focused procurement capabilities in the shipping industry.
Achilles, a global leader in supply chain risk management solutions, and Procureship, the world’s leading e-procurement platform have agreed a long-term partnership to enhance the ESG capabilities of the shipping industry’s procurement processes.
The latest agreement will bring efficiencies to the supply chain assessment and purchasing process for Procureship members. Procureship provides streamlined purchasing for more than 100 fleet owners and operators, including BW LNG, Angelicoussis Group, Oldendorff Carriers, Starbulk Group, TB Marine and Technomar. By leveraging advanced analytics, machine learning tools, and a unique supplier recommendation engine, Procureship simplifies the procurement process between buyers and suppliers.
The Achilles Maritime Network provides a platform for shipowners and managers to collaborate, reduce risks, and enhance supply chain visibility while lowering costs and administrative burdens. Suppliers and contractors benefit from standardised processes and pre-qualification, fostering stronger relationships and business growth. The network supports transparency, sustainability, and responsible business practices in the maritime industry. Members of the Achilles Maritime Network include BW LNG and LPG, Odfjell, Seapeak and Seasourcing.
Through this agreement, users of the Procureship platform can access the Achilles service to improve visibility of their suppliers’ sustainability performance. Procureship will also offer its supplier network the opportunity to demonstrate their Achilles score and standout through a rigorous, independent assessment.
The Achilles Sustainability Score will be reflected in Procureship’s supplier profiles and displayed in supplier search engine results. Additionally, buyers will be able to check the suppliers’ Achilles scores on the spot during the evaluation of quotations. This will allow maritime purchasers to easily source products from companies that align with their standards, providing greater transparency and confidence in their procurement decisions.
“Procureship identified the need for an ESG module to complement our existing marketplace services and recognised the expertise we would gain through this partnership with Achilles,” said Grigoris Lamprou, Co-Founder and CEO of Procureship. “For our clients, the ability to easily access information on supplier sustainability practices reinforces trust across the supply chain.”
“The aim of Achilles is to ensure that procurement professionals within the shipping sector have a streamlined purchasing process that improves visibility, drives ESG metrics and increases process efficiency,” said Paul Stanley, CEO, Achilles. “Including supplier sustainability data within an e-commerce platform like Procureship, cements this strategy with a simplified, yet robust process.”
source: cyprusshippingnews.com
