Management Dynamics Releases Trade Wizards 10.0 Web-based Research Tool

Posted by Emily Thornton on November 18, 2009

EAST RUTHERFORD, NJ, November 18, 2009 -- Management Dynamics, a leading provider of Global Trade Management solutions, today announced the release of Trade Wizards 10.0, a Web-based portal to trade content from 122 countries that facilitates the research of complex trade questions. The new release makes it easier for companies to classify products, calculate landed costs and perform document determination at the Harmonized Schedule (HS) level. In addition, a new user experience allows users to manage their searches and ultimately find information faster.

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Topics: Press Releases, Landed Cost Calculation, Amber Road News, Global Sourcing

A Little Advice for First-Timers

Posted by Emily Thornton on September 17, 2009

As globalization mores forward, it is becoming so that international sourcing is no longer considered a competitive advantage, but a necessity for companies. People are realizing this, and more and more companies are expanding operations to a global level. Since there are major differences between global and domestic supply chain strategies, this can be a little overwhelming. World Trade Magazine has published an article with helpful advice for companies who are in this situation.

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Topics: GTM Best Practices, Global Trade Management

What Exactly Is A 3PL?

Posted by Emily Thornton on September 17, 2009

There are about a million terms and acronyms thrown around the transportation industry - 3PL, 4PL, ITM, LLP, etc. Sometimes it can be difficult to keep track of everything. Logistics Today recently published a good solid description of what constitutes a third-party logistics provider (3PL). The quantifiable definitions that they came up with came from their 2009 salary survey results. Respondents were asked to describe themselves in a series of questions. Check out the article for an interesting list of statistics of how 3PLs answering the survey described themselves.

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Topics: Transportation Management

10+2 Compliance for SMEs

Posted by Emily Thornton on July 1, 2009

After posting yesterday on some of the issues the new 10+2 rule is creating for importers, I found this article in American Shipper that discusses some of the challenges specific to smaller importers: Reaching the Little Guy. Some major challenges are that many small businesses do not have representatives in foreign countries to track down the necessary information, they are hindered by working in different time zones, or they do now even know who the primary manufacturers are that are used by the buyers with whom they place their orders. I haven't seen this issue discussed a whole lot in the extensive press coverage on 10+2, but seeing as how small and medium-sized enterprises do make up a significant percentage of importers, it's definitely worth taking a look at.

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Topics: Global Sourcing, Import Management

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