Articles
Global Trade Management
GTM Solutions Keep Businesses Plugged In
Q: Why is it difficult for organizations to integrate true end-to-end global trade management? A: True end-to-end global trade management (GTM) means managing and optimizing all the functions required to move goods across international borders. Organizations may argue that they are already doing GTM, when in fact they are only undertaking disparate pieces, such as international […]
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Import Data: It’s in the Bag
Computer carrying case manufacturer Targus gets a handle on duty drawback with global trade management software, unloading paperwork and packing in 30 percent higher refunds.
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The Secrets to a Successful Global Trade Management Program
Q: What are the elements of a successful global trade management program? Madzy: Global trade management is a dilemma for most organizations because it is an enterprise-wide discipline that needs to be developed. In today’s decentralized and outsourced business climate, it is difficult to bring together all the resources and expertise required to develop and […]
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Global Trade Management Software: International Trading Made Easier
Q: What role does technology play in optimizing global supply chains? Preuninger: Many companies have seen the value in using global trade management (GTM) software to lower costs, ensure regulatory compliance, improve customer service, and automate facets of their supply chain operations. Two capabilities that leading companies are using today to weather the downturn are […]
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Third-Party Services Can Simplify Global Trade Complexity
Q: Why do companies have such a hard time embracing global trade management? Hazen: Companies may not understand the complexity behind constantly changing regulations. The diversity of individual governments and cultures presents difficulties in embracing global trade management. Companies spend significant resources dealing with basic needs to ensure a successful, seamless process with each trading […]
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FTZ Solutions: Zoning in on the Right Fit
Q: Are companies missing a great opportunity by not using Foreign Trade Zones (FTZs), given the market advantage they can provide? Slossberg: The simple answer is ‘maybe.’ The best way to identify whether the ROI justifies the investment is to engage an FTZ consultant. This professional can walk you through the process and make a […]
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GTM Software: Read This Before You Buy
Q: How can a logistics operation contribute to a company’s overall profit margin in a meaningful way? Mabry: Recent research studies confirm transportation and handling fees, insurance, duties, and taxes make up more than 40 percent of an imported item’s cost. Additional costs often hidden within operating accounts can include quote administration, sourcing, and quality […]
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