New Name Marks Continued Growth and Evolution for Global Trade Management Leader
Management Dynamics, a leading provider of Global Trade Management solutions, today announced that it has changed its name to Amber Road. The name change comes during a year of rapid expansion, marked by a 40% growth in employees, a 325% increase in European bookings, and the opening of a flagship office in Tysons Corner, Virginia. This breakout year is anchored by a 33% compound annual growth rate (CAGR) in overall revenue for the past decade.
“Today, our SaaS-based solutions span fourteen software products that include global transportation management, import/export compliance, supplier management, supply chain visibility and a content knowledgebase covering trade regulations and tariffs for more than 120 countries, “ said Jim Preuninger, CEO.
Management Dynamics congratulates all the companies ranked in the top ten of The Gartner Supply Chain Top 25 for 2011: Apple, Dell, P&G, RIM, Amazon, Cisco, Wal-Mart, McDonald’s, PepsiCo and Samsung. Six of these companies listed use our solutions to automate their global trade management processes.
“We’re proud to be associated with these leading companies and we continue to be impressed by their innovative use of our solutions. The results are a testament to the fact that global trade management solutions, when combined with forward-thinking supply chain strategies, can have a measurable impact on return on assets (ROA), revenue growth, and competitive advantage,” said Jim Preuninger, CEO of Management Dynamics.
American Shipper will be hosting a webinar that will address the findings from the recent Import Operations & Compliance Benchmark Study: Risky Business, published by American Shipper and BPE.
Are you looking for quality employees to staff your supply chain department? You may have better luck if you can offer summer hours, according to a survey conducted by LifeWork Search, a search and recruitment organization that specializes in supply chain planning and procurement.
A summary of the survey findings appear in Material Handling & Logistics’ article, Supply Chain in the Summertime. The article reports that 46% of survey respondents cited summer hours as the most important non-monetary benefit for employees, followed by an extra day off, a company outing, and a casual dress code.
“We’re starting to see a lot of companies put wellness and associated programs in place to help employees balance the challenges of work and life,” says Jason Breault, managing director of LifeWork Search. “More companies are coming to the realization that healthy-minded employees are more productive employees. We are constantly being asked by hiring managers what they should put in place to make their environment friendlier.”
Management Dynamics’ CEO, Jim Preuninger, was featured as an IT Thought Leader in last month’s issue of Inbound Logistics. In the feature, Mr. Preuninger discusses trending topics such as the role of technology in the optimization of global supply chains, and steps to simplify the import or export process.
These [global trade management software] tools provide an immediate and visible return on investment, enabling companies to reduce costs, improve operations, shrink manual data entry errors, facilitate cross-border movements, and improve customer service. In addition, reducing cycle times, eliminating bottlenecks, improving distribution networks, lowering out-of-stocks, and determining the best way to ship freight can also lower emissions, an ecological goal for many companies.
He also offers some sound advise for companies who may be looking to take the next step toward globalization:
Companies no longer have to take on all facets of international trading at once. And with the advent of cloud computing, otherwise known as Software as a Service (SaaS), companies can collaborate with trading partners around the globe with minimal start-up costs and headaches using a pay-as-you-go model.
Management Dynamics exhibited at the ICPA Annual Conference last month in Phoenix, AZ. We had a great time interacting with people at the booth, attending the sessions, and attending our Networking Dinner at the Compass Arizona Grill. Check out our pictures below!
What: Free Webinar: Best Practices for Managing Free Trade Agreement Management Processes When: Tuesday, April 19 at 2pm EST Where: Online
Given the advantages of NAFTA and other free trade agreements, exporters and importers seek to widen the advantages of reduced duty impact by participating in trade agreements. After surveying import and export compliance managers from 200 firms, Customs & Trade Solutions Inc. and Management Dynamics have uncovered key trends in managing the complex Free Trade Management process.
The insights provided in this webinar will open the door to understanding how firms operate NAFTA qualifying programs, where the expertise exists within their firms and the savings and struggles associated with maintaining the program from year to year.
The presenters will address key findings from this industry benchmark study and discuss best practices for implementing and optimizing NAFTA while divulging key statistics, such as:
86% of all firms used a manual process to manage their NAFTA data
Only 34.3% of all companies were confident of the information they shared with Customs and their Customers through the NAFTA certificate
32% of respondents have had their customs group audited in the last 3 years
Presenters will include:
Suzanne Richer, President, Customs & Trade Solutions, Inc. Suzanne M. Richer is a licensed Customs Broker with over twenty five years in international supply chain management. Ms. Richer has counseled corporations involved in the importation of Pharmaceuticals, Automotive Vehicles and Parts, Electronics, Wearing Apparel and Machinery. She has worked with clients during their closing audits with U.S. Customs, assisted companies in participating in cargo security programs such as C-TPAT at Tier 3 levels, and counseled corporations on international trade law issues.
Scott Byrnes, Vice President of Marketing, Management Dynamics Inc. Scott Byrnes is Vice President of Marketing for Management Dynamics, a leading provider of global trade management software and services. He has spent the past 20 years in various sales and marketing roles at global software companies and professional services firms.
Scott began his career with Andersen Consulting (Accenture), where he focused on supply chain process improvement for several large consumer packaged goods companies. He then joined Manugistics, a supply chain management software provider. During his five years at Manugistics, Scott held a variety of leadership positions in both services and sales. From Manugistics, Scott moved to Vastera, a provider of global trade management solutions. During his four years at Vastera, Scott transitioned from sales into marketing, and helped guide the company through a successful IPO.
Scott has a strong understanding of both supply chain and global trade management issues.
Moderator: Lara Sowinski, Managing Editor of World Trade Magazine
The retail industry is challenged with fluctuating customer demand, ever-changing styles and seasonality, and the need to boost top-line growth through store expansion. A streamlined and efficiently run supply chain is a crucial piece of the puzzle when it comes to keeping overall costs down. As pointed out in World Trade Magazine’s article, Timely Ocean Transit for Retailers, inconsistent transit times can drive up total supply chain costs.
[Supply chain inconsistencies can force retailers to] either retain higher safety stock levels, which increases their inventory carrying costs; resort to airfreight to recover from delays, which balloons transportation costs; or use a combination of the two.
While the article references careful carrier selection as a way to ensure timely deliveries, there are GTM solutions out there that can help retailers with all aspects of supply chain and transportation management. By automating the following elements of the global supply supply chain operations, retailers will be able to reduce cash-cash cycles and lower total delivered costs.
Trade Planning
Develop optimal sourcing and distribution strategies by assessing the total landed cost of alternative decisions including product invoice, transportation, duties, VAT, excise as well as evaluating applicable import and export regulatory controls. With a complete picture of cost and risk, shared decisions can be made across sourcing, compliance and logistics functions.
Import Automation
Establish a global import compliance function that integrates all procurement activities. Manage product classification and admissibility reviews to ensure compliant purchase orders are issued. Streamline the entry process to reduce brokerage costs and reconcile entries to resolve issues before they become a costly Customs audit.
Supplier PO Management
Deliver compliant purchase orders to suppliers in a portal that confirms orders, creates invoices, and manages a buyer workflow to build shipments and generate key documents like the commercial invoice and packing list. Efficiently manage supplier compliance and integrate with origin logistics partners.
Origin Management
Manage origin logistics with a portal that coordinates full container load shipments from a supplier and less than container or air shipments. Use a collaborative workflow process to confirm and book shipments as well as collect bill of lading details to facilitate inbound visibility. Enhance compliance with new advanced notification regulations like Customs 10+2 by collecting relevant information at origin.
Global Freight Management Negotiate seafreight and airfreight rates and implement a process for logistics providers and suppliers to book against your favorable rates. Use sophisticated rating tools to optimize carrier selection, pre-rate the booking and automate freight audit.
Supply Chain Visibility
Monitor global orders, shipments and in-transit inventory with a complete event management solution. Use milestone alerting to proactively resolve delivery issues and to trigger supply execution activities such as pickups or warehouse receipts. Use in-transit inventory information to enable postponement strategies and new, direct-to-store delivery strategies. Aggregate all operational data to establish scorecards and manage trade parties with a comprehensive set of key performance indicators.
Don’t miss Advances in Supply Chain Software and Technologypresented by Supply Chain Virtual Events, the free virtual conference taking place online this Thursday, February 24, 2011 (11:00am – 4:00pm ET).
And, while you’re at the virtual conference, please check out the GTM Webinar at 1:00pm EST: How Global Trade Management (GTM) is Meeting the Compliance Challenge. In this webinar, speakers Susan Waskow of The Global Trade Academy and Suzanne Richer of Customs & Trade Solutions Inc. will discuss the latest news on global Customs initiatives; how applying GTM has benefited global shippers; and new GTM functionality delivery and functionality enhancements.
Management Dynamics has added a new section to their website of GTM Videos On-Demand. Here you can view customer interviews, industry perspectives, and flash explainers at your convenience. (And you don’t even have to register to view the videos!) Please check it out!
Management Dynamics, a leading provider of Global Trade Management solutions, today announced that it has changed its name to Amber Road. The name change comes during a year of rapid expansion, marked by a 40% growth in employees, a 325% increase in European bookings, and the opening of a flagship office in Tysons Corner, Virginia. This breakout year is anchored by a 33% compound annual growth rate (CAGR) in overall revenue for the past decade. ![[Facebook]](http://www.supplychainvisibility.org/wp-content/plugins/bookmarkify/facebook.png)
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