Amber Road's Rules of Origin Search Tool Facilitates the Analysis Process

Posted by Ty Bordner

Lowering or eliminating your customs duties by leveraging free trade agreements or trade preference programs is a smart business strategy. There is an essential requirement to free trade agreement utilization: validating the product against its Rule of Origin (i.e. qualification).  These rules define the criteria by which a product is eligible for participation in the trade program.  When a product is wholly obtained and produced in a single country, it is relatively easy to determine its eligibility.  Difficulties arise in determining eligibility of goods manufactured in, assembled in, or using materials originating in, more than one country.

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Topics: Duty Management, Global Trade Content, Free Trade Agreements

Moving at the Speed of Trade: Customs Filing Simplified

Posted by Ty Bordner

The world relies on commerce.  Given the current global trade environment and the ongoing shifts in trade policies around the world, customs management is as important as ever. In its 2016 Import Benchmark Report, American Shipper magazine reports that customs self-filing is a growing trend in the industry.  Tools and systems are readily available, providing the shipper with choices in how they file the required information with customs agencies.  Working with third party logistics providers may make sense for some organizations, but leveraging software to file data directly with customs provides added value to many companies.

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Topics: Import Management, Export Management, Import Customs Filing, Export Customs Filing

The ACE Single Window:  A Catalyst for Change

Posted by Ty Bordner

Customs organizations around the world are finally modernizing their systems. Importers will be able to eliminate manual processes, improve visibility to trade flows, and more easily comply with applicable laws and regulations. The WCO (World Customs Organization) labels this type of system as a “Single Window” where Customs effectively centralizes the collection of data and distributes it to all required agencies to realize a coordinated and more efficient border control.

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Topics: Import Management, Import Compliance, Product Classification, Entry Management

Webinar Q&A - ACE-ing Technology: What You Need to Know to Meet CBP’s 2016 Single Window Mandate

Posted by Ty Bordner

On March 23rd, Amber Road in conjunction with American Shipper broadcasted a webinar entitled, ACE- ing Technology: What you need to know to meet CBP’s 2016 single window mandate. Our presenters, Ty Bordner and Suzanne Richer from Amber Road, received several questions throughout the webinar, but unfortunately we did not have time to address them all during the live broadcast. We have compiled their answers into a Q&A document - here is a preview:

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Topics: Global Trade Management Software, Webinars, Import Management, Global Trade Management

Managing Multiple Sourcing in Your Global Trade Management Solution

Posted by Ty Bordner

Procurement, Compliance and Logistics Professionals all play Important Roles in ordering Products

Global importers simply don’t have the option of depending on a single supplier for a variety of items. Both the demands of supply chain resiliency and the reality of maintaining stock levels make it necessary to obtain the same item from multiple suppliers. Particularly if you are a global retailer or manufacturer with distributed outlets or plants, it’s neither practical nor possible to source all units from a single vendor.

This is where the concept of multiple sourcing comes in — literally buying items from more than one source. While multiple sourcing is straightforward in theory, as a practice it is more complex from a global trade management perspective, including implications for landed cost, compliance and logistics.

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Topics: Retail, Global Trade Management Software, Landed Cost Calculation, Global Sourcing, Import Management, Global Trade Management

Building a Supply Chain Control Tower to Become Your Own 4PL

Posted by Ty Bordner

For Some Companies, it Might be the Natural Outcome of Centralizing Supply Chain Operations and Data into a Control Tower

As more organizations are moving toward heightened supply chain visibility, many are coming to realize that what they’re also doing is becoming their own fourth-party logistics (4PL) provider. What’s a 4PL? The term was coined by Accenture (when it was Andersen Consulting) and is defined as “an integrator that assembles the resources, capabilities, and technology of its own organization and other organizations to design, build and run comprehensive supply chain solutions.”

Essentially, a 4PL is like a general contractor for logistics. Typically, it is a neutral party that will help unify and reengineer supply chain processes, while coordinating the activities of 3PLs and other supply chain partners. However, companies that have embraced supply chain as a core competency are seeing value in assuming the 4PL role themselves to meet their specific supply chain goals. The activities are managed from centralized hubs of technology, people and processes – frequently called “control towers.”

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Topics: Global Trade Management Software, Global Trade Management, Supply Chain Visibility

Supply Chain Control Tower: What is Old is New Again

Posted by Ty Bordner

The concept of a supply chain control tower has been gaining momentum over the past year. A control tower is a single command center for visibility, decision-making and action, based on real-time data. According to Capgemini Consulting “A supply chain control tower is a central hub with the required technology, organization and processes to capture and use supply chain data to provide enhanced visibility for short and long term decision making that is aligned with strategic objectives.” (Capgemini Consulting, “Global Supply Chain Control Towers” May 2011)

It’s also a new name for a concept that has been around for a while: 4PL. Companies are increasingly realizing that supply chain must become a core competency, and taking on the 4PL role offers them the ability to accelerate collaboration and achieve higher levels of performance. The control tower represents the common processes that are enabled by cloud-based technologies, such as  configuring a set of services to business units and trading partners across a supply network. These services start with basic plumbing ‑ collect and aggregate all orders, shipments, inventory and status.  This information is linked to other enterprise systems to provide global visibility, then transformed to become the input for supply chain execution solutions.

 

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Topics: Global Trade Management Software, GTM Best Practices, Global Trade Management, Supply Chain Visibility, Integrated Service Provider Network

Tax Effective Supply Chain: Related Party Transactions and Transfer Pricing

Posted by Ty Bordner

Supply Chain Managers need to Balance the Goals of Tax-Effective supply chain management with the Organization’s Compliance Requirements

Many multinational organizations are embracing tax-effective supply chain management to reduce costs and increase margins. Supply chain managers need to understand the ramifications of their tax-based strategies when it involves the transfer of tangible and intangible goods to their own foreign subsidiaries or parent companies. Reducing taxes is a desirable outcome, but not when it runs afoul of related party transaction regulations.

Doing cross-border business with a related party, which includes foreign subsidiaries and parent companies, can be complicated. A related party is any entity that can exercise control or significant influence over the operating policies of another entity. In global trade, it’s an individual or business that exercises a 10 percent interest in both the exporter and the ultimate consignee.

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Topics: GTM Best Practices, Global Trade Management

GTM FAQ: Global Trade Management Solutions Keep Businesses Plugged In

Posted by Ty Bordner

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 trade compliance or global transportation management.

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Topics: Global Trade Management Software, GTM Best Practices, Global Trade Management

Supporting the Segmented Supply Chain with GTM Solutions

Posted by Ty Bordner

GTM Solutions Should Allow the Configuration of Specific Execution Rules for Each Distinct Supply Chain

Particularly among retailers with tens of thousands of SKUs and many hundreds of stores, there is a need for differentiated replenishment and logistics treatments across complex supply chains. For example, an organization may need supply chain processes that are specialized to goods with unpredictable demand, such as the latest fashion. The same organization may also provide goods with more predictable demand that require steady replenishment. Similarly, other goods may have higher import and export compliance requirements that must be carefully managed.

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Topics: Global Trade Management Software, GTM Best Practices, Global Trade Management