Manage your terminal intentionally: know the economic trade-offs

Terminal equipment need not always be doing meaningful work. If equipment is idle, however, it should be deliberate and for the greater good of the business. To reach operating targets more easily, it is crucial to know the trade off costs of each decision.

Consistency is king

Consistency is king, and it should come as no surprise. To quote Mark Horstman from Manager Tools LLC: “a well managed terminal may be repetitive and unsexy, but it’s profitable”. Ships and trains should not wait for long periods of time to be processed. Delays are generally very expensive; they increase shipping demurrage costs, increase the required size of

 

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Allen Funston, consultant, & Dr. Harry King, manager – Simulation Modeling Group; Ausenco, Vancouver, Canada
Edition: Edition 54

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