Subscribe to our free, weekly email newsletter!


Realizing Global Trade Management Potential

As the global trade engine kicks back into gear, new demands for electronic notifications and the need for better, more efficient trade compliance are buoying the global trade management market. Are you prepared to harness your organization’s global opportunities?
image

Source: ARC Advisory Group - Steve Banker, director of supply chain solutions at ARC Advisory Group, predicts an average growth rate of 9.4 percent annually for GTM software through 2014.

By Bridget McCrea, Contributing Editor
February 24, 2011

GTM in action
With GTM gaining traction and the global economy in growth mode, companies like Cadence Design Systems of San Jose, Calif., picked up on the need for a GTM early and for the last 10 years has relied on the system to ensure compliance and create a streamlined, global supply chain.

Specializing in Electronic Design Automation (EDA), or software tools that engineers use to design electronic systems such as printed circuit boards and integrated circuits, Cadence installed its Kewill Export Compliance System (ECS) and Reverse Denied Party Screening (RDPS) products.

Larry Disenhof, group director of export compliance and government relations for Cadence, says most of the firm’s sales and software transfers are handled electronically through sales, research, and development offices in India, China, Japan, Europe and Israel. Disenhof says that the firm’s GTM fulfills several functions, the most important of which is ensuring that no products are shipped to terrorist countries, or to companies or individuals that are listed as denied parties.

“My goal in life is to make sure we’re not shipping to anyone who is on those lists, and to vet all orders against those lists and/or destinations,” says Disenhof, whose GTM system serves as his eyes and ears when it comes to meeting that goal.

Using the RDPS, for example, Disenhof stays on top of both new and existing customers that must be checked against a list of about 28,000 denied parties. The system syncs weekly with that government list, and notifies Disenhof of any possible conflicts.

On several occasions, for example, the RDPS has identified denied parties, thus allowing Disenhof to work with Cadence’s order administrators to “shut them off, and warn the rest of the company that we can’t do business with these customers.”

Other times, the system alerts Disenhof to the need for a special export license, based on the customer’s location. And once in a while, the GTM solution gets overzealous and generates false positives that need further investigation before any orders are canceled. “There’s a company on the denied party list called Technology Options India Private Ltd.,” Disenhof explains, “so we get false positives whenever the system checks against commercial enterprises in India.”

Disenhof, who remembers a time when such compliance was handled manually, says Cadence’s GTM system adds a layer of protection that would be impossible to achieve without technology. “Export compliance is way too much of a burden to handle manually,” says Disenhof. “Using a GTM makes the process quick, and requires just a simple entering of a customer name and destination to get an immediate response. We can then clear the ‘no’ response by getting more information about the customer, or by stopping the order and moving onto the next task. It’s as easy as that.”

For more information on the latest news and insight revolving around global trade visit our Critical Topics Global Trade Section.

 

About the Author

image
Bridget McCrea
Contributing Editor

Bridget McCrea is a Contributing Editor for Logistics Management based in Clearwater, Fla. She has covered the transportation and supply chain space since 1996, and has covered all aspects of the industry for Logistics Management and Supply Chain Management Review. She can be reached at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The high-volume warehouse or distribution center that supports B2B, Omni-channel activities, direct-to-consumer shipments, and the Internet of Things all require a flexible and scalable supply chain in order to function at optimal capacity. The problem is that most of today's supply chains are made up of fragmented silos of information that compromise their ability to compete, be responsive to customer demands or seize new business opportunities.

As customers' demands constantly evolve, transportation and logistics (T&L) operations are being put under growing pressure to offer more efficient delivery services, while not compromising on customer service. Using findings from a research survey conducted among transport and logistics managers around the world, this report explores how a combination of mobile technology implementations for mobile workers, and process re-engineering efforts can elevate operations to the next level.

It's a fact - most best-of-breed WMS providers force you to pay every time you require a system change. Uncover five more dirty secrets many warehouse management systems providers don't want you to know. Download the white paper 5 Dirty Secrets of Warehouse Management Systems to discover these hidden truths and gain valuable information on considerations for evaluating WMS vendors.

Not Sure? The Whitepaper "Stay or Switch" Provides the Research Necessary for You to See How Well Your Provider Stacks Up!

Too many companies invest in ERP systems but do not achieve the business benefits they anticipated. Sometimes, the ERP solution never fits the way your people and processes work.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA