Global Trade: Why Content Matters

Posted by Kelsey Price on Thu, Apr, 3 2014 @ 1:32 PM

Successful global supply chains require timely access to complete and accurate global trade content. Content isn't just data, though -  content combines logic with data, automating rules with data to keep companies in compliance.

For example, calculating the landed cost of a good requires not only knowledge of the harmonized tariff schedule (HTS),  the duties and fees – among other pieces of information-- associated with the item, but also the applying algorithms (the logic) to the information to calculate that cost. Similarly, simply knowing an Export Classification Number won’t tell you whether you need a license to ship an item.

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Topics: Amber Road, Global Knowledge