This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Global Trade Compliance Is Not Showing Signs of Slowing Down Any Time Soon The Global Trade Compliance market is experiencing steady growth and is expected to continue this trend over the next five years. I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here.
DPPs provide a streamlined, digital way to document a product’s lifecycle, making it easier to ensure compliance and improve transparency. Let’s explore how DPPs are impacting regulatory compliance, preparing for future rules, and encouraging industry collaboration.
Better systems at customs agencies can lead to increases in cycle times for companies that are not on top of the complex documentation requirements associated with trade. In short, customs compliance must become proactive and strategic rather than just focused on having the proper documentation and accurately paying duties.
The cost of poor quality is so closely related to supplier quality and compliance that manufacturers must give the proper attention and resources to the optimization of their upstream partnerships. Traceability & Trade Compliance. The only way to take control of your future is to double down on quality.
The global trade compliance market is one crazy market. The market grew by double digits year over year, yet there is no standard user and consequently there is no common understanding of what the end-to-end global trade compliance process should be. At SAP their solution is developed by their governance risk and compliance team.
WMS, TMS, documentation. Real time monitoring and alerts for non-compliance. Root cause analysis. Identify potential hazards / risks – Document every potential risk to food safety. Documentation. The food safety plan is a living document that should be updated on a regular basis. Risk management.
Emirates Sky Cargo has implemented Firco Trade Compliance , an Accuity solution that efficiently screens shipment documentation (such as airway bills) against sanctions, dual-use goods, and regulatory watch lists, within a single interface.
It is generally a good idea for traders to keep all documents archived for at least 10 years in all countries (unless retention standards are longer). When it comes to record keeping requirements of Customs authorities, the legal requirements usually stipulates that all documents related to the imported or exported goods must be archived.
Virtually every business has a relationship with a transportation company, which should be documented in a formal contract called a transportation contract. Let’s take a closer look at some of the most common areas of interest in transportation contract management and contract compliance. Most of those items are mentioned below.
Everything from freight document management to shipment tracking to payment tracking can benefit from automation and robotic processes. Robotic process automation (RPA) can improve operations with BOLs, delivery alerts, freight document recording, real-time monitoring, drop-off confirmation, and payment verifications. .
Everything from freight document management to shipment tracking to payment tracking can benefit from automation and robotic processes. Robotic process automation (RPA) can improve operations with BOLs, delivery alerts, freight document recording, real-time monitoring, drop-off confirmation, and payment verifications. .
Landed Cost Analysis For informed decision-making, a clear understanding of import costs is essential. DGL’s in-depth landed cost analysis provides full visibility into the total cost of your shipments, encompassing tariffs, taxes, and additional fees.
If you’ve been tasked with getting your company’s import compliance under control, these five steps will get you quickly up-to-speed. Follow a shipment using documentation through the process of importation for air and ocean shipments—from loading to delivery—on your most common shipments.
The opportunities for improvement when using this system include: Real-time location tracking of each vehicle; Analysis of drivers’ behavior in relation to what was planned and what happened. This parameter puts prices more in line with reality, whether to seek to reduce them or even to make financial management more effective.
You’ll see your documentation processing transform from a time-consuming bottleneck into a smooth operation. Automation can help you stay on top of regulatory requirements – they’re like having a compliance expert working round the clock.
Customs and Border Protection’s (CPB) ability to assess and respond to compliance risks across the FTZ program. Another development that shippers should be aware of is the GAO’s new recommendations for “strengthening CBP’s ability to assess and respond to compliance risks across the FTZ program,” according to the GAO.
The old-fashioned way of ensuring compliance — with armies of individuals spread across functions and locations, who might never speak with one another — is clearly broken. Businesses are spending millions on audits, undergoing endless testing, interviewing, document collection and system reviews, only to trip up time and again.
It offers complete visibility into transport operations (air, sea, road or rail), compliances and documentation and ensures that consignment is delivered on time at the right delivery point. Analysis of reports can give you visibility, control to make decisions and help in saving money and time. Why TMS is needed?
Through precisely curated documentation, management can see clearly defined data that identifies the strengths and weakness of the company’s environmental, health and safety programming. But how do you document that mountain of EHS data? Carve a path to improve existing safety culture or develop a turnaround strategy, if necessary.
Kinaxia employs a dedicated team of compliance professionals to manage the Group fleet, which comprises over 630 vehicles, therefore it is essential for the team to have full visibility of compliance data across all of the companies. It gives us full visibility across the Group and keeps our drivers and others safe on the roads.”.
Trade compliance: The Trade compliance team can work effectively from home. However, a trade compliance professional also spends a considerable amount of time doing documentary audits and attending meetings with external agencies. Data Analysis: Some data analysts will do well working from home.
Hence, it is not surprising that early analysis indicates that 8 out of every 10 participants in the survey had never heard of the term “freight forwarding.” The freight forwarder deals with the logistical side, including tracking, documentation, and insurance.
To mitigate risk and improve quality from its Chinese suppliers, Cequent used IQS’ (Cleveland) global infrastructure to implement a domestic quality and compliance program in China on Unchecked Suppliers. Left unchecked, Chinese suppliers-like domestic suppliers-may ignore quality. Getting Serious About a Supplier Quality Management System.
Within the chemical industry, challenges such as regulatory compliance, market volatility, and stringent safety measures require innovative solutions. Managing the supply chain in this industry involves unique challenges and considerations due to the nature of chemical products, regulatory compliance, and safety requirements.
The cameras grab an image of the package as it goes through the tunnel, gets dimensional and weight information, matches that data up with the order, and can also check compliancedocumentation. Within the Infor app, retailers can pull all supplier information for a container, which provides all the necessary documentation for customs.
From streamlining sourcing and supplier management to optimizing contract negotiations and spend analysis, AI and ML offer various capabilities that can revolutionize procurement management operations and drive sustainable value creation.
To start, it is important to have a solid understanding of exactly what chemicals are being used at each facility – and what compliancedocumentation is required for each chemical, including waiver documentation, if appropriate.
Historically, drawback relied on subjective analysis of “commercial interchangeability” making it difficult for many companies to take advantage of substituted merchandise. Companies must prove that imported goods were exported or destroyed, and maintain supporting records to prove eligibility and compliance.
Logistics Software Webinar Editor Peter MacLeod is joined by Gary Rosier-Taylor, VP of Fleet Sales for Descartes , and Phil Turton of Viewpoint Analysis (pictured below), an independent technology expert on evaluating and purchasing the right IT systems for your logistics operations. Avoid common pitfalls in software selection.
When it comes to regulatory compliance, biologic, medical device and healthcare organizations have ultra-specific feature requirements. Qualification is the formal process of assessing and documenting the ability of personnel to perform job tasks correctly and consistently in accordance with prescribed requirements.
We have visibility of total inventory across the organization, and for the first time, we have customer and product profitability analysis and reporting. Ability to demonstrate regulatory compliance. These documents along with quality control documents are very essential for audits by various provincial and federal authorities.
Provide regular training to team members to ensure compliance and safety. Having access to real-time data and accurate analysis makes it easier to spot trends in the supply chain. Intense and Accurate Document Management. Knowing where and when documents are filed and recorded can help streamline the entire process.
Accurate Reporting: Detailed and accurate reports on transactions, shipments, and inventory movements are crucial for analysis and decision-making. Compliance and Accountability: Transparency ensures that all actions and transactions are documented, promoting accountability and compliance with any necessary regulations.
A transportation management system is a logistics technology platform that helps manufacturers, distributors, 3PLs, and any participant in the supply chain system plan, execute, and optimize the transportation of incoming and outgoing goods and ensure shipments are compliant and properly documented.
Build awareness and understanding about the new changes to the rules within our sporting code to increase compliance by players and referees. The concepts of root cause analysis seem simple, but applying them in every aspect of your company is difficult. Evidence may be just as useful in situations like this.
Ensures compliance with country regulations. E-invoices enable access and analysis of line-level data that can drive better financial and procurement decisions. Enable a live view of the document delivery and processing status directly from the ERP. Saves time by reducing the need for manual data entry and processing.
Mobile IoT users may be surprised to find that the most important ingredient in mobile IoT isn’t an IoT element at all, but a detailed analysis of the mobility characteristics and requirements. In short, mobile IoT will require the user frame the application in all respects. The Ingredients.
It is possible to demonstrate through homologation that a potential supplier complies with the set compliances so you may feel more secure and confident in the cooperation. In addition, through an intelligent analysis of shared private information and documents, your company is able to mitigate risks and improve qualification routines.
Compliance and. Who pays for required documentation and which terms are suitable for containerized cargo and which are not. It is a good idea to refer to several different versions of Incoterms® 2020 charts when doing any study or analysis. Customs procedures. How to use Incoterm charts? A final note.
COA Certificate of Analysis – A document that confirms a product meets its product specification. In supply chains handling chemicals, pharmaceuticals, or food products, COAs are crucial for quality assurance and regulatory compliance. EDI speeds up business processes and reduces paperwork in supply chains.
As part of our LCL service, we handle documentation, customs clearance, and inland transportation, offering a complete package to our clients. Comparative Analysis In our comparative analysis, we aim to unpack the complexities of Less than Container Load (LCL) shipping and consolidation services.
To improve your reliability and provide high quality service takes diligence, process, and root cause analysis. Implement a Process Adjustment Once the team agrees on the best path forward, document the new process and communicate it to the team. People need to know that you mean business and that non-compliance is not optional.
Within the chemical industry, challenges such as regulatory compliance, market volatility, and stringent safety measures require innovative solutions. Managing the supply chain in this industry involves unique challenges and considerations due to the nature of chemical products, regulatory compliance, and safety requirements.
As part of our LCL service, we handle documentation, customs clearance, and inland transportation, offering a complete package to our clients. Comparative Analysis In our comparative analysis, we aim to unpack the complexities of Less than Container Load (LCL) shipping and consolidation services.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content