A core benefit of the BIMCO Shipping-KPI system is the option to compare expense and performance at ship level, says an article published on their website.
The Shipping-KPI
Presently, the system only allows for internal benchmarking but once a critical mass has been reached, the Shipping-KPI will facilitate external expense benchmarking.
To unlock the cost categories, the following criteria must be met:
- The company must have a relevant KPI profile
- The user must have the relevant permissions
Cost categories are part of the following built-in company profiles:
- (Built-in) All
- (Built-in) Costs only
If the company has any other built-in profile – e.g. (Built-in) Tankers or (Built-in) Bulk Carriers – or a KPI profile customized prior to the inclusion of Cost categories, the company KPI administrator may change the profile by going through the following steps:
- Go to KPI Profiles in the My Company-section
- If amending a Built-in profile, select the relevant profile and click “Create new”
- If adjusting an already customized profile, simply click “Edit”
Opening the Cost Categories in the company KPI Profile only allows for benchmarking. However, only users with the relevant permission can access, view, or edit the cost values.
If the KPI users are only designated Built-in roles, kindly notice that Cost categories are only accessible with the (Built-in) Costs role. The applied roles can be viewed by going to Users in the My Company-section. Roles can be changed by clicking on either the underlined name or email of the user.
To amend a Built-in or customized role, go through the following steps:
- Go to Company roles in the My Company-section
- If amending a Built-in role, simply select the relevant permissions and select “Save as”
- If adjusting an already customized role, simply select the relevant permissions and “Save”
Amended Built-in roles
Also notice that amended Built-in roles would then have to be designated in the Users-subsection as described above while adjusting an already customized role will have the adjustments applied without further action.
Submitting historical data
Once a relevant company KPI profile has been selected and users have been given the required permissions, all technicalities for submitting data on cost categories are in place. Similar to the performance indicators, the Shipping-KPI platform is suited for submitting historical data on cost categories.
By submitting historical data, users are actively assisting in reaching the critical mass needed to allow for external benchmarking and giving a better foundation for internal benchmarking.
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Source: BIMCO
