GE Healthcare needed an automated solution to screen its many global customers against restricted and denied parties lists, but that solution also had to work seamlessly with multiple existing ERP systems. George Grabher, ITC Program Leader at GE Healthcare, explains how a global trade management solution from Amber Road meets these needs.
Building a supply chain that is both flexible and predictable can be a challenge, but retail giant Abercrombie & Fitch says both these qualities are essential to keeping its stores stocked with fresh fashions. Larry Grischow, supply chain vice president, explains how A&F uses global trade management to help achieve this goal.
Accurate data on the millions of rules, regulations, tariffs and classifications that govern international trade is crucial to global trade management but not sufficient, says Anthony Hardenburgh, vice president of global trade content at Amber Road.
As global trade management software has improved visibility to international shipments, companies have been able to enhance performance measures, moving from departmental indicators to broader metrics that drive coordination between departments, says Stephanie Miles, senior vice president of commercial services at Amber Road.
The complexities of managing global trade are many, which may be why a lot of companies overlook savings available in Free Trade Agreements. Scott Byrnes explains how to leverage FTAs and discusses other strategies to optimize global trade.
Today's ever-expanding supply chain offers businesses greater opportunities for efficiency and success in the growing global business environment. The instantaneous and constant flow of data, products and services around the world, however, brings with it a greater risk of violating the numerous and often complex U.S. trade compliance laws and regulations. Businesses that fail to set up policies and procedures to ensure compliance face risks ranging from shipment delays to hefty fines and penalties.