Singapore company launches procurement platform claiming to be the maritime Amazon

Singapore-based Moscord today unveils a new procurement platform which connects buyers and suppliers in an online community, providing simplified purchasing and pre-priced logistics fulfilment.

Moscord claims its new platform gives shipowners and managers the opportunity to embrace truly transparent, data-driven purchasing for the first time. ­

Moscord has already proved its concept with Singapore-based companies Berge Bulk and MMS and has several other buyers under implementation. Moscord has signed contracts with suppliers including Viking, RS Components, Gemu, Hoyer Motors, DESMI, Schneider Electric and MedSupply, with others ready to come onto the platform. Deals have been signed with GAC, Steder Group and SG Shipping to provide consolidated delivery of orders.

“Moscord represents a major evolutionary step in the maritime industry’s purchasing supply chain, bringing a new approach to a process that has been crying out for change,” said founder Freddy Ingemann in a release. “By combining data management, contract pricing, fulfilment and logistics, Moscord can improve product quality and buyers can deal direct with suppliers, cutting costs and time that the middlemen in the market currently add to the process.”

Buyers do not pay to use Moscord, which can be integrated into any shipboard purchasing system. All prices on the marketplace include last mile logistics services including delivery to the ships or buyers own hub.

“As much as 20% of final deliveries are returned because the wrong items are specified because of wrong or missing data. With Moscord purchasers can ensure that the products they order are the ones they get, and that they are of the quality specified,” said Ingemann. “Our vision is to be a maritime Amazon – a truly global, marketplace which brings the world’s maritime buyers and sellers together, accessible anywhere, anytime, with goods delivered directly to the vessel at the touch of a button. Our 24/7 operation centre ensures that all deliveries are tracked and managed carefully. Quality in our deliveries is key in our concept.”

Future development plans include integrating blockchain technology into the platform for credit and supply chain management, as well as dual pricing structures for conventional and 3-D printed components.

Going forward, the aim of Moscord – which stands for Marine and Offshore Supply Chain Optimisation Research and Development – is to be the largest sales and distribution network in the ship supply industry.