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Compliance training for the larger organization is an essential part of any compliance department’s scope of work. However, international trade compliance topics are usually very dry and not very exciting for most part. How can compliance training programs be made effective?
To that end, some retailers are upping the ante and doling out punishment for shippers who aren’t in compliance. So what can you do to maintain retail compliance? We covered these and many more topics in a recent webinar including: Weekly Product Planning. One of the key points that the webinar focuses on is visibility.
Lets break it down with some examples that hit home: Supplier Diversification : Reflecting on the disruptions caused by the pandemic, companies heavily reliant on Chinese suppliers faced significant challenges. For example, U.S.-based Its not about locking in decade-long deals or crossing your fingers that suppliers stay stable.
In our recent webinar, Landed Cost & Vendor Compliance , we posed some prudent questions for companies to review with their operations teams, listed below. CLICK HERE to view our webinar and learn more about how BlueGrace can benefit your company. What is the true landed cost of freight in terms of inbound shipments?
The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.
For example, start at the sourcing process to find, all else being equal, more sustainable suppliers, women-owned, or have characteristics that support compliance. Designing vehicle routes that explicitly optimize transportation routes with carbon footprint considerations is another example.
The good news: an ERP system that incorporates a cutting-edge warehouse management system (WMS) can help ensure goods and materials are located where they should be, delivered to the shop floor just-in-time (JIT) based on demand, stored in compliance with regulations, and accurately picked for dispatch to the customer.
The good news: an ERP system that incorporates a cutting-edge warehouse management system (WMS) can help ensure goods and materials are located where they should be, delivered to the shop floor just-in-time (JIT) based on demand, stored in compliance with regulations, and accurately picked for dispatch to the customer.
Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. It is also important for other stakeholders including our compliance, sustainability and even our customer management teams. Soon we will do more training.
In addition, this education can increase the quality of service for individual brokers’ clients and importers in compliance with customs laws and maintain a high standard of professionalism in the customs broker community. The clients will benefit from better performance and improved compliance.
For example, parents may say, “You could become a lawyer or doctor.” For example, better compliance with regulations and visibility into an organization may help foster a positive relationship with government funding sources for future workers, which may include financial assistance in vocational training or apprenticeship programs too.
Known as the CBSA Assessment and Revenue Management (CARM) project, its core mission is to develop capabilities that will improve the importing process and enhance compliance. For example, importers will be able to classify their goods, submit ruling requests, and reconcile any payments with the government. One Stage at a Time. “We
For example, some problems may be due to poor quality of packaging, receiving incorrect information about the package, difficulties with carrier pricing and agreements, paperwork problems, and incorrect management processes. For example, smaller items may become jostled during transport and broken.
Vendor Compliance Programs. A vendor compliance program allows warehouse managers to ensure all inventory is brought to the facility at the correct time, in the right quantity, and packaged appropriately. For example, a warehouse may hire a vendor compliance manager to ensure all vendors meet the facility’s requirements.
For example, key performance indicators may show live temperatures of climate-controlled LTL shipments, the current routes being used, and when a truck will arrive at a given distribution center. KPIs and reports are also a measure of compliance and visibility in shipping processes.
This example generates a huge amount of data that can leverage in the supply chain. While this example may still be a few years off, it is important that you understand how the top emerging trends in automation will shape supply chains and transportation processes in the coming years. The truck never stops until arriving for reloading.
For example, it may specify the percentage of a product’s domestic content or label a product as “Assembled in the USA” instead. Compliance with these rules is essential. For example, Chrysler and Apple have become synonymous with build and design quality, and have been awarded for each of those aspects.
An example would be hearing out reasons behind the needs each side wants to address. From the impending “ Driver Coercion Law “, CSA Compliance, Hours of Service, and e-Logs, to name a few, some changes in these laws affect various businesses in different and unique ways. Let us know in the comments below.
For example, do you need less-than-truckload (LTL), small package, full truckload (FT) or freight consolidation? For example, the system may follow a hierarchy-based system of analyzing possible carriers and routes against imminent risks, creating a more optimizing carrier-shipper route. Ask About How Optimization Is Achieved.
For example, drivers are expected to arrive on time, maintain docking schedules, and avoid dead time. If your existing shipping processes involve international trade, increased visibility may also be a concern for avoiding penalties, fees, and delays for violations of compliance regulations.
For example, trade from a single port may become congested. For example, data about weather delays could trigger the shipment of the same item from an alternate location where the delay in shipping the order would be less than the time required to get the original order from the area with unfortunate weather to the destination.
For example, a warehouse management system (WMS) is crucial to a modern distribution center management. You can combine this with a vendor compliance program to make incoming shipments integrate smoothly with your operations. Take Advantage of Technological Innovation. How will your products be stored and how will they move?
The electronic logging device (ELD) mandate compliance date is around the corner, and shipping capacity is tightening at a phenomenal rate. For example, a carrier may offer additional auditing services that reduce instances of double billing, overbilling or missed delivery guarantees.
Additionally, compliance and visibility concerns are driving the demand for flexibility. Flexibility allows an organization to ensure compliance statutes are met. For example, the TMS may gather data about a distressed shipment, advise other shippers of the error, and devise a solution to prevent future problems.
In our webinar, we covered the basics and most common questions of accessorial charges which include: . To that end, some retailers are upping the ante and doling out punishment for shippers who aren’t in compliance. . Consider reweigh charges for example. Detention fees are a prime example of where efficiency pays off.
In fact, the introduction of Qualcomm’s OmniTracs ™ in 1988 and UPS’ roll-out of the DIAD ( Delivery Information Acquisition Device ) four years later are prime examples of pioneering companies investing in mobile technology as a means to drive efficiencies and create competitive advantage. Manage regulatory compliance.
Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain. Let’s take ecommerce as an example.
For example, a logistics provider will be able to identify potential problems immediately within a given warehouse before the truck arrives. Compliance Will Be Easily Attained and Maintained. Even with today’s level of connection, the logistics industry remains disjointed. Safety Concerns Will Drive Further Use of the IoT.
Take, for example, the market of Twin Falls, Idaho in comparison to Lakeland, Florida. Users of SONAR are then able to use the most up-to-date market data to react with pricing and capacity strategies faster to strengthen negotiations, compliance and relationships. This can be seen in a list or map view form.
For example, an optimized supply chain is good, but it opens more opportunities for errors. Simply putting all an organization’s proverbial eggs into one basket may be risky if appropriate auditing and review measures are not undertaken to ensure continued compliance and accuracy in all orders.
For example, changes in funding sources and availability for students looking to expand their career options and enter the world of supply chain management may result in a temporary decrease or increase in the number of workers interested in employment with a given supply chain entity.
For example, inflation will result in price increases in the future years, so today’s supply chain software purchase represents an investment towards ensuring your business’s future. #3: Perhaps the gravest concern of selecting supply chain software boils down to compliance and risk management.
″, “disruptive technology” and the “Internet of Things (IoT)” are just a few examples that continue to appear time and again. “Companies want to record information for two reasons: compliance and most importantly, power,” explains Darren Halford, group sales manager at European Automation.
This might involve a system like mentioned in the opening example, where drones are deployed and return to trucks while on the road. If the example is scaled down, the AFC could be the size of a modern blimp and hold large pallets of orders for a local area. Increase cyber security and compliance with such measures in their agencies.
For example, the carrier may need to know how to handle delicate items, manage private and rented fleets, budget expenses, conduct international trade, ensure compliance to regulations, maintain safety, and make sure all KPIs align across the manufacturer-to-delivery route.
In the communications, media, and high-tech industries, for example, it’s common for original equipment manufacturers (OEMs) to price goods on a cost-plus basis, with incentives to expedite hot products, such as the latest smartphone. Billing Type Compliance. Least Cost Non-Compliance.
Instead, it will allow both carriers and shippers to identify areas in need of improvement and work to ensure compliance with appropriate statutes or regulations. For example, carriers may notify shippers of late deliveries, even when guaranteed deliveries were included in the rate. Auditing Small Packages Will Put off Carriers.
For example, Chambers of commerce can engage in advocacy to authorities regarding desired government policy changes, or they can collect and share business feedback on future governmental infrastructure development plans. A chamber of commerce is an association made up of a network of businesses (members).
For example, reducing excessive safety stock allows a warehouse to minimize number of reorders, reduce wasted space, and avoid issues in shipping errors. For example, an organization may use a subscription-based solution to expand into additional warehouses. This includes improving processes in inventory management and saving space.
Sustainability and visibility are going to become more in important in 2018, and advanced auditing tools, including the use of outsourced auditing services , will be a driving force in maintaining compliance with regulations and upholding a positive image in the public eye. Executives Seek to Lead by Example.
Adherence to compliance regulations. Essentially, creating and implementing a sustainability strategy is the only long-term solution companies have to avoid possible compliance violations. These benefits include the following: Tax incentives. Reduce costs. This can be as simple as using recycled materials in the product.
For example, a decreased revenue yield per mile may suggest poor fuel-burn within a given fleet. Fuel efficiency - This freight management KPI is of vital importance as federal agencies mandate reporting and compliance to environmental initiatives for fewer emissions and fuel use. As a result, an entire shipment could easily be lost.
Compliance. As a result, logistics providers and shipping enterprises must find a way to increase the accountability and compliance within their operation. When an organization falls out of compliance with regulatory agencies, the shipper or logistics provider could face stiff penalties, fines, and incarceration.
For example, if a focus on customer service has resulted in shipments that are too small for optimized handling, the right provider should have ideas for a hierarchy of batching decisions that will both protect the company’s reputation with customers and create new efficiencies. Equally important is to monitor and assure vendor compliance.
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