It’s been six months since the Importer Security Filing (aka Customs 10+2) regulations took effect, but some companies are still struggling to achieve 100% timely and accurate filings as required by these new regulations.
With fines of $5,000 per infraction and broker fees averaging $30 per filling, importers are very aware of the expenses associated with complying with the program, but struggling to understand where their responsibilities lay, and how to best comply while staying inside their budget.
Check out this new eBook by Management Dynamics, and learn twelve vital facts about the ISF regulations including answers to frequently asked questions such as:
What are the basic elements of an ISF filing?
What are the penalties of non-compliance and for unintentional errors?
How does my company minimize the costs and risks of compliance?
What resources are available for more information on ISF?
AMR Research has released their annual Supply Chain Top 25 list, and several of Management Dynamics’ customers appear near the top. The companies on this list all exemplify what AMR refers to as “demand-driven excellence.” In other words, their supply, demand, and product management processes are able to work together so that the business may respond quickly to opportunities arising from market or customer demand. Congratulations to all!
In today’s business environment, one of the trends we’ve been seeing lately is an increase in mergers and acquisitions. If you’ve experienced this at your organization, then you already know that when two companies combine, major changes are in store as new business practices are integrated, some existing practices are dropped, and the supply chain is no exception. Tompkins Associates has released a new white paper, Integrating Supply Chains from Business Combinations: Principles and Best Practices of Mergers and Acquisitions, that discusses challenges and best practices for supply chain teams faced with M&A activity.
The white paper discusses the importance of having supply chain strategy on the primary integration agenda, as it can be a fundamental value driver for a company. Additionally, when companies combine, the supply chain itself will have to adapt to potentially different suppliers, operating procedures, warehouse locations, etc.
The authors make several key points about how to overcome supply chain challenges when dealing with a merger:
The imperatives for true and lasting success with supply chain integrations are few; yet their achievement is challenging. The real keys to success in integrating supply chains in M&A are:
Assign strong and experienced team leaders;
Focus on enabling the business and operations strategies;
Decide on the new organization and processes with the right criteria;
Apply sound principles and best practices to all the work; and
Establish a performance-based culture and a self-assessing DNA.
Supply Chain Visibility Best Practices reports on current issues, news and events associated with supply chain management. The authors of this blog are not trade attorneys and in no way should any posting be construed as compliance advice; furthermore, the authors are not responsible for any comments posted by others.
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