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Creating Value From Global Commerce Management People, Process and Enablers
Companies are going global because the risk of not doing so greatly outweighs the comfort that staying domestic brings. According to a World Trade Organization

tariffs  trade, the reduction of tariffs, the elimination of quotas, the continued rise in China as an industrial force, and the rise of outsourcing as a cost reduction opportunity, all create an environment that is full of opportunity and fraught with hazards. The ability to effectively manage global commerce will be a key strategic competitive differentiator. Global commerce management (GCM) is what is required by companies to win in this tougher, more competitive environment. Read More
Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
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Documents related to » tariffs


Global Trade Regulatory Software: Vendor Obstacles and User Recommendations
The acquisition of Vastera by JPMorgan Chase indicates that finance in GTM is just as important as the physical movement of goods. However, there are still a

tariffs  coding, customs clearance, duties, tariffs and taxes. JPMorgan Chase will thus have to continue its pursuit of solutions to round out a complete GTM product portfolio. It will then reach a breeze to navigate international trading channels to place orders, send and receive shipments and settle bills anywhere in the world. Competitive Landscape The market where all GTM vendors operates is characterized by early adopters. The market is competitive, rapidly evolving, and highly fragmented. One should only Read More
International Trade Logistics Challenge Automated Global E-Trading
The Internet has enabled a networked world, a communication infrastructure, and emerging enterprise applications, which have opened the door for international

tariffs  internationally, including customs management, tariffs, transportation, cost of goods, etc.), although there have been a number of Internet-based logistics tools that are helping companies analyze and reduce costs by automating the processes of booking shipments, keeping customers informed, and making sure goods arrive on time. On top of all this, the dreadful terror attacks of fateful 9/11 made it excruciatingly clear that companies that manage international supply chains confront additional risks. Read More
Oracle Announces Transportation Management 6.3 and Oracle Global Trade Management 6.3
Oracle has announced the release of v6.3 of its Oracle Transportation Management (OTM) and Oracle Global Trade Management solutions.Oracle’s new

tariffs  workbench enhanced visibility for tariffs, duties, taxes, and other regulatory controls new license management features (automated license assignment, balance management, proactive expiration/license assignment notifications) that streamline and simplify licensing processes Oracle’s Transportation Management and Global Trade Management v6.3 follows releases v6.2 announced on January 10, 2011, and v6.1 announced January 11, 2010. Read More
Managing Global Trade Flows
In global trade, the flow of information must support the tracking and management of the goods to enable the secure and compliant entry and exit to and from

tariffs  risks. Where imports attract tariffs or duties, items purchased from overseas may turn out to be more expensive if, for example, the wrong tariff code is applied. Importers can pay more than necessary if the paperwork omits mention of any one of dozens of preferential programs under which tariffs are cut, or waived altogether, owing to a slew of free trade agreements. Moreover, even more expensively, tariffs for some goods vary throughout the year, as low-tariff special quotas expire, with the end Read More
Global Trade Applications in Global Credit Crunch - Part II
Part I of this blog series analyzed the appropriateness of global sourcing and spend management applications for helping companies improve their cash flows and reduce working capital. It also introduced the question what might happen to global trade management (GTM) applications down the track. Indeed, what about this credit crunch and recession, and how will that affect the global trade

tariffs  form of increases in tariffs and duties. But, and here is the key, all this is CHANGE, and the more CHANGES you have, the more companies are going to need what we offer, i.e., a rule-based system that is dynamic and capable of coping with change.  If we see this type of scenario unfolding, we would do good to reach out to our installed base and help them deal with it. So far as the “green” side goes, I am not so optimistic.  When it comes to jobs vs. trees, green is going to be harder to sell.  Read More
Unifying Global Trade Management: Challenges and User Recommendations
GTM software should be able to gather information and feed it back into the parent company, creating visibility into what remote divisions are doing and how they are doing it. Software providers must strike the right balance between global consistency and special local needs.

tariffs  database of trade regulations, tariffs, and duties from more than twenty-five countries, heads-off potential problems at border-crossing by letting user companies correct inaccuracies in shipping documents before goods reach the border. The system also lets companies track shipments by multiple reference numbers in a single lead of cargo, providing much greater visibility into shipment status. This visibility into individual shipments (via pre-inspection of purchase orders) also makes it possible for the Read More
Is One Country Good Enough to Handle Your Outsourcing Business?
Recently, I touched on the idea of building a vendor portfolio to help manage risks associated with software outsourcing practices in the article Should North Americans Send More Software Development Work to China? I’d like to use this blog post to give some complementary readings for those who read the article and felt the vendor portfolio idea interesting. <!--more-->The concept of “portfolio

tariffs  risks: regulations (e.g. import/export tariffs, taxes, and employee compensation requirements) that will impact your vendors’ business costs and as a result, your cost Economic risks: such as exchange rates, employment levels, and vendor domestic market demands that will influence vendors’ pricing policies Societal and political risks: caused by political events, strikes, and culture shifts that will directly or indirectly change your vendors’ ability to provide service. The vendor-specific risks Read More
Global Trade Regulatory Software: Vendor Obstacles and User Recommendations
The acquisition of Vastera by JPMorgan Chase indicates that finance in GTM is just as important as the physical movement of goods. However, there are still a number of issues that need to be reconciled or at least addressed

tariffs  coding, customs clearance, duties, tariffs and taxes. JPMorgan Chase will thus have to continue its pursuit of solutions to round out a complete GTM product portfolio. It will then reach a breeze to navigate international trading channels to place orders, send and receive shipments and settle bills anywhere in the world. Competitive Landscape The market where all GTM vendors operates is characterized by early adopters. The market is competitive, rapidly evolving, and highly fragmented. One should only Read More
Finding Opportunity in Rising Fuel Costs: Strategies for Industrial Equipment Companies
The rising price of fuel has set in motion a series of more profound changes for both consumers and industry. But those companies that take comfort from the recent easing of fuel prices and whose management actions go no further than attempts to mitigate the immediate impact of fuel price increases will end up at a serious disadvantage in the market. Find out how your company can find opportunity in changing fuel markets.

tariffs  same way as import tariffs. They can act as a brake on globalization-especially if the long-term trend is for continuing fuel price increases. Some experts suggest that current fuel prices equate to an import tariff on Asian goods of around 9-10 percent. In some cases, outsourcing and off-shoring decisions have been reversed and some production jobs have been repatriated. The essential point is that the economics of make or buy decisions have been fundamentally altered. Being closer to suppliers and cus Read More
International Trade or ITL Adoption
Globalization of the Supply Chain means adoption of ITL is not an option.

tariffs  receipt. Customs duties and tariffs, as well as associated rates of exchange and transportation costs should be available to accurately calculate total cost of goods. This requires a data model and integration at the product and item level between the ITL system and the order management, warehouse management, and transportation systems. Much rides on the selection of an ITL system, so all of these issues and requirements should be taken into account. The importance of ITL systems will only continue to inc Read More

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