Archive for GTM – Page 2

Leggett & Platt’s Approach to Global Trade Management

A report from American Shipper shows that trade policy is driven largely by either the supply chain or compliance group. I assumed when I read this that the supply chain folks mentioned would be mostly logistics personnel. However, I had a conversation with John Wainwright, Vice President of Customs Compliance at Leggett & Platt, a company that makes a variety of components used in various industrial and consumer finished products. At Leggett & Platt, trade […]

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Global Supply Chains a Rarity

At ARC, we are doing a study on Global Trade Management (GTM) systems. Consequently, I and some of my colleagues have been researching trade. One of the most striking things is how concentrated it is. The U.S. Census Bureau issued a press release in April with the latest statistics. They identified about 200,000 companies that exported, about 100,000 that imported, and about 85,000 that did both. This compares to about 5.3 million businesses in the […]

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This Week in Logistics News (April 29 – May 3, 2013)

It’s the beginning of May and the Red Sox have the best record in baseball. I know it’s a long season, but after a disappointing two years, I can’t help but feel good about this team. If they remain competitive the rest of the season, I think the team will prove something that is also true in the workplace: a few rotten apples can spoil the bunch, so it’s sometimes necessary to remove them from […]

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This Week in Logistics News (January 7-11, 2013)

No time to waste this morning, as I have a lunch date planned with my soon to be five year old daughter. Here’s the news that caught my attention this week: GT Nexus and TradeCard to Merge Oracle Unveils New Releases of Oracle Transportation Management and Oracle Global Trade Management Oracle Announces New Release of Oracle Retail Category Management Menlo Worldwide Logistics Expands Operations in Singapore Freight Shipments Rose 1.7% in November from October Cass […]

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Guest Commentary: Technology Best Practices for Managing US Exports

Every four years, citizens of the United States are bombarded with political ads, opinion pieces, talking heads and automated telephone surveys. Even those of us who enjoy politics to some degree are worn out by the length and negativity of presidential campaigns. One topic that routinely gets a great deal of coverage during the political season is the United States’ trade imbalance with other nations, particularly China. While it is true that the United States […]

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Future Electronics Implements TMS and GTM to Drive Customer Service Excellence

Future Electronics is a world leader and innovator in distributing and marketing semiconductors and passive, interconnect and electro-mechanical components. Future is a private company, headquartered in Montreal, Canada. The company differentiates itself by providing an exemplary standard of customer service through product marketing, technical solution support, in-depth inventory, professional selling procedures, and highly-reliable distribution systems. For the company’s supply chain group, this means it must hold a relatively large available-to-sell inventory. Future supports this with […]

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Buy Global Trade Management System, Keep Your CEO Out of Jail!

At one of the conference receptions I attended this fall, I heard an interesting story about a Global Trade Management (GTM) system implementation. At one level, the business case was focused on fine mitigation. US Customs had warned this company several times about shipments lacking the proper licenses, permits, and classifications. Finally, customs lost its patience and fined the company more than $50 million. Part of the business case for implementing a GTM system was […]

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Guest Commentary: Global Trade Management: Are You on Top of Your Game?

Global Trade Management (GTM) solutions, as defined in an ARC Advisory Group market study, streamline and automate processes related to customs and regulatory compliance and trade financing. This simple, yet comprehensive sentence describes a complex challenge global shippers face every day. Getting goods to a foreign destination is not a simple game, yet some supply chain organizations are able to “win” this game, day in and day out, despite having a myriad of processes cobbled […]

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One Company’s North American Near-Shore Supply Chain

I recently had a conversation with the Director of Logistics at a US-headquartered industrial manufacturing company that has several plants in Mexico, the US, and Canada. He had several interesting things to say about his company’s regional supply chain. First, let’s talk about the basics of this integrated, regional supply chain that includes Mexico. Near-shoring in Mexico offers real labor arbitrage opportunities. In the case of this manufacturer, the cost of a fully-burdened worker in […]

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What’s New in Supply Chain Risk Management Software?

Supply chain risk management solutions must encompass process, content, and connectivity. Even before the economic downturn, large enterprise software vendors like SAP and Oracle had begun to introduce Governance, Risk, and Compliance (GRC) solutions in response to a growing customer requirement: the ability to respond to risks more efficiently. Initially, these solutions were largely process based—i.e., they created process flows for dealing with specific compliance requirements. Companies would define tasks that needed to be completed […]

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