Content Features and Functions
The system should support all the data and information required in order to establish a true total cost of goods sold at the time of the initial buy/sell transaction. The system should also enable the user to track incremental costs as the shipment is processed from point of origin to final point of receipt. All costs and activities should be available at the transaction initiation point and can be classified by the primary components, which are product costs, compliance costs, and logistics costs.
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Product
Item master includes a description of the product and defines all key characteristics.
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Compliance
Rules and regulations related to duties, tariffs, quotas, restricted parties, preferred nation status, and other compliance issues can vary depending on the combination of source of supply, product composition, relationship between buyer and seller, and destination for final delivery of products. This requires a data model that takes all these factors into account, maintaining the inter-relationship at the product, trading partner, and logistics level.
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Logistics
The application should provide the user with a set of tools to establish rates, routes, and contracts for preferred transportation modes and providers. This should also include tools to create and exchange information and documents required in order to integrate transportation provider information and costs with product and trading partner data.
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International Trade Logistics (ITL) Features and Functions
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