A source for news, information and insight on maintaining visibility into the supply chain.
Archive for the ‘Global Trade Management’ Category.
Did you know that we’re on YouTube? Please visit our YouTube Channel at http://www.youtube.com/user/ManagementDynamics.
We’ve uploaded some great videos on various aspects of Global Trade Management, including this interview on Strategic Opportunities that 10+2 Presents:
Management Dynamics will be attending several industry trade shows and conferences in upcoming weeks. If you plan on attending any of these as well, please be sure to say hello!
Supply Chain Security Virtual Conference
Online
Feb. 25, 11am – 7pm EST
Please visit our virtual booth and chat with us at this (free) online conference.
10th Annual Trans-Pacific Maritime Conference
Long Beach, CA
March 1 – 2, 2010
SEKO 2010 Global Sales Conference
Chicago, IL
March 7 – 11, 2010
ICPA Conference 2010
Orlando, FL
March 14 – 18, 2010
We’ll be exhibiting! Come visit us at booth #23. Or stop by the software compliance workshop (3/18 at 9am) to hear us speak about our latest solutions for managing trade compliance.
Extended Supply Chain 2010
London, UK
March 24 – 25, 2010
Stop by our booth to speak with our experts about how you can benefit from supply chain automation, or attend our workshop on trade compliance and regulations.
SCOPE East 2010
Orlando, FL
April 11 – 13, 2010
89th Annual AAEI Conference & Expo
New York City, NY
June 6 – 8, 2010
Stop by booth number 302 and learn more about the latest Global Trade Management solutions.
Logistics & Supply Chain Forum
Stone Mountain, GA
June 6 – June 8, 2010
European Supply Chain & Logistics Summit 2010
Prague, Czech Republic
June 7 – 9, 2010
1st Annual ICPA European Conference
Amsterdam, Netherlands
June 13 – 15, 2010
In a recent AMR Research study, 53% of 160 global trade professionals surveyed claimed that they would be increasing their investment on global trade management (GTM) software in 2010. Some of the main reasons cited in the study for the increase include: to improve coordination of GTM functions internally; to meet government mandates; to meet security requirements; to protect the brand; and to control various costs.
As companies become more global, increasing and expanding operations all over the world, it becomes very difficult to manually manage supply chain processes. Especially when employees are spread out across multiple locations. GTM technologies allow users to seamlessly communicate with trading partners, manage suppliers, optimize global transportation, ensure trade compliance, automate key aspects of trade finance, and develop timely resolutions of operational issues.
To be more specific, a supply chain visibility solution can provide shippers with near-real time visibility to the status of orders, shipments and in-transit inventory to optimize their network. Without a system in place, companies may be handcuffed with longer lead times, higher inventory levels, budget overruns, and continued supply-demand imbalances. Furthermore, with regulations such as the Importer Security Filing (aka 10+2), it is more important than ever to have more visibility and control over what happens at origin. (And speaking of ISF, check out how Bunzl Distribution integrated a supply chain visibility solution with a trade import solution to establish a transparent and compliant import supply chain.)
The bottom line is that we are moving into an era where manual supply chain processes are becoming inept for companies who import or export. To learn more about how different types of GTM technologies can benefit your organization, please download one of Management Dynamics’ GTM Success eKits.
New On-Demand Solution Enables Cross-functional Teams to Create and Manage End-Use Statements for Customers, Vendors and Employees
EAST RUTHERFORD, NJ, January 20, 2010 — Management Dynamics, a leading provider of Global Trade Management solutions, today announced the release of End-Use Manager, an on-demand solution that generates end-use surveys for parties involved in any cross-border transaction. The new solution allows a trade compliance team to comprehensively survey and collect end-use statements from customers, suppliers and employees, establishing a standardized process for managing and ensuring compliance with international trade regulations.
“Companies that manufacture and export licensable goods must ensure that their customer and the intended end-use are approved and in compliance with export regulations. However, today this is largely a manual process that is difficult to administer, especially across a global enterprise,” said Adrienne Braumiller, Partner, Braumiller Schulz LLP. “Management Dynamics’ End-Use Manager provides companies with the tools necessary to ensure that their shipments are delivered to the approved trade party and destined for friendly end-use.”
End-Use Manager can be flexibly deployed as a Web-based portal across any global enterprise and configured to meet the specific requirements of different business units. Surveys can be developed by business unit, transaction type, origin country and destination country, and populated with a pre-configured list of questions. In addition, all parties to the transaction are screened against the major sanctioned party lists.
Management Dynamics’ End-Use Manager offers the following key capabilities for companies to simplify trade compliance around product use and related professional services:
Review Audit Trail – Audit each transaction with complete visibility to the user and all survey questions and answers.
“Today many companies rely on an inconsistent and, often inaccurate, manual process to administer end-use surveys to determine if the intended use of their shipped goods is in compliance with export controls,” said Nathan Pieri, SVP Marketing & Product Management, Management Dynamics, Inc. “Our new End-Use Manager product makes it possible to manage the process centrally and distribute via a simple web-based solution for employees that must interact with customers, suppliers and contractors.”
More and more companies are becoming aware of the need for detailed metrics to track supply chain performance, according to a recent study done by the Georgia Southern University and the University of Tennessee on issues in transportation and logistics.
“What we’re starting to see,” says [Karl Manrodt, Associate Professor at Georgia Southern], “is senior management … trying to understand what those metrics are and should be.” The desire to monitor one’s own performance, so prevalent in school, never really goes away. At the same time, “it’s important for us to communicate what’s critical … to customers and suppliers. Let’s manage to that.”
Unfortunately many supply chain teams struggle to access data in multiple sources and formats and do not have access to the latest business intelligence tools. Implementing a Performance Management solution that integrates with your supply chain visibility and trade compliance processes can give companies the insight to make better-informed strategic decisions and improve supply chain performance.
Management Dynamics has a Performance Management solution that offers several important capabilities:
To learn more about this solution, please visit our website.
For more details on the study, please read this article on SupplyChainBrain (includes a link to a video interview).
Logistics Management’s 2009 Next Generation Supply Chain Virtual Conference sessions are now available on-demand. Topics include: the supply chain as a revenue generator, the 14th Annual 3PL study, Technology’s role in the green supply chain, transportation management’s role in the supply chain, and software as a service.
Software as a Service (SaaS) solutions have been something that organizations have been turning to for a while, to manage various IT and operational functions in their organization. In a recent Logistics Management article, Software as a Service (SaaS): The versatile supply chain option, Adrian Gonzalez of ARC Advisory Group discusses some of the benefits of using SaaS.
Boasting shorter implementation times than “purchase and install” options, and less upfront investment, SaaS solutions are particularly useful for shippers that are in the process of “upgrading existing solutions, or in need of new solutions.”
…According to Gonzalez, SaaS appeals to companies of all sizes, and across most industries. He also discussed pricing options, noting that they range from upfront license fees to payments-per-transaction. Most common, he says, is a one-year to three-year subscription model with monthly payments.
In the article, Gonzalez names Transportation Management Systems (TMS) and Global Trade Management (GTM) systemsas the two software packages that are most applicable for SaaS. Using a Transportation Management solution can help shippers manage global airfreight and sea freight contracts, optimize booking decisions by finding the best combination of cost and service, and automate the freight audit process to identify and eliminate invoice overcharges. Logistics providers can see benefits as well – TMS can help them manage buy-side costs, automate quote and proposal generation, comply with tariff filing requirements, and improve sales effectiveness.
Some other GTM solutions, such as Supply Chain Visibility and Trade Portals, address the challenge managing multiple trading partners, all with different information systems and data definitions, and information that can flow at unpredictable times.
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