The New World of Global Trade Management

Posted on August 16, 2013 by Kelsey Price

Ty Bordner

The term “global trade management” used to mean one thing: compliance. Not anymore. Ty Bordner, VP of Product Management & Solutions Consulting at Amber Road, describes how GTM today embraces the whole experience of moving goods across borders: regulation, duty management, logistics, and, most of all, global supply-chain visibility.

In the past, each of those processes would have been handled by separate, non-integrated IT applications. But companies can no longer afford a fragmented approach. They are looking for a one-stop shop for their GTM solution. They want a single vendor that can provide a common platform for managing all of their critical requirements.

Discover the trends driving GTM to new heights in Ty’s article here at SupplyChainBrain.

Oxbow Carbon LLC Increases RPS Productivity by 82% with Export On-Demand

Posted on August 13, 2013 by Kelsey Price

Oxbow Carbon LLC needed a solution to help to transport and sell the petroleum products they create into markets where they could be used to produce aluminum, steel, and other critical products for the world economy. Oxbow signed on with for Amber Road’s Export On-Demand solution late last year, and the company has already increased its restricted party screening productivity by 82 percent.

Now, Oxbow is able to centralize and automate its export compliance processes across 90 countries and screen against over 250 lists. Using Amber Road’s hosted technology, Oxbow consolidated 13 ERP systems into one common database portal, creating a simplified and efficient trade compliance process.

“We were looking to improve efficiency and productivity on our old RPS model. We looked at Amber Road’s Export On-Demand solution as a way to achieve those productivity gains and significantly reduce manual effort,” said Louis Lisowski, director of compliance, Oxbow Carbon LLC. “Not only did the software meet our requirements, the implementation phase of the project was 75 percent under the budgeted implementation costs.”

Read more about Oxbow’s use of Amber Road solutions here.

Leggett & Platt’s Procurement-Based GTM Strategy

Posted on August 6, 2013 by Kelsey Price

What is the best department to oversee trade compliance? American Shipper’s recent report, “Import Operations and Compliance Benchmark Study: The Secrets of Import Success” suggests that best practice would be to have trade compliance reside in the compliance department. Their assertion makes sense at face value, but John Wainwright, Vice President of Customs Compliance at Leggett & Platt, made a compelling case for the procurement side of things in a discussion with Steve Banker from ARC Advisory Group for Logistics Viewpoints earlier this week.

Leggett & Platt designs and produces engineered components used in industrial and consumer finished products. As a manufacturer, it makes the most sense for trade compliance to report up through procurement. And since Leggett & Platt has been using Amber Road’s Global Trade Management (GTM) solution for about ten years, the company has been able to remain compliant with changing regulations and a growing international supply chain. The solution has also made Leggett & Platt a much better partner to its suppliers, with increased visibility and easy filing through a secure online portal.

The Logistics Viewpoints article concludes:

“It is impossible to put an exact number on all this. But is it a better and cleaner procurement process, and there is big money in doing procurement better.”

Click here to read the entire feature at Logistics Viewpoints.

Importers and Exporters Met to Discuss the Complexities of Global Trade

Posted on July 23, 2013 by Colleen Bush

Top global trade management (GTM) specialists recently spoke on the complexities of international trade at a seminar hosted by Sandler & Travis Trade Advisory Services (STTAS), Sandler, Travis & Rosenberg P.A. (ST&R) and Amber Road on June 25th in Miami.

STTAS and ST&R, which together form the world’s largest customs and international trade services provider, and Amber Road, a leading provider of GTM solutions, hosted representatives from organizations in the Miami area and presented discussions on duty drawback; recognizing potential refunds; automating compliance for financial returns; import and export enforcement; and a special session that included a discussion of current events from the nation’s capital.

Click here to read the entire press release.

Free Seminar in Miami: Deciphering Financial Returns & Complexities of Global Trade

Posted on June 11, 2013 by Emily Thornton

What: Live Seminar: Deciphering Financial Returns & Complexities of Global Trade

Where: Delano Hotel South Beach
1685 Collins Ave.
Miami Beach, Florida 33139

When: Tuesday, June 25, 2013 | 10am - 4pm EDT

Cost: FREE

Please join Amber Road and Sandler & Travis Trade Advisory Services, Inc. on Tuesday, June 25th, for a free seminar on Deciphering Financial Returns & Complexities of Global Trade.

Learn how to qualify and quantify projected business savings to create a compelling business case that will drive real value within your organization. Industry experts, including a former Commissioner of Customs, will address strategies for delivering financial return on your global trade management operations.

Industry speakers will include:

George Weise, Executive Vice President at Sandler & Travis Trade Advisory Services, Inc., and former commissioner of Customs
Lenny Feldman, Managing Member at Sandler, Travis & Rosenberg, P.A.
Dawn Olesky, Director, Drawback Operations at Sandler & Travis Trade Advisory Services, Inc.
Ty Bordner, VP of Product Management & Solutions Consulting at Amber Road

After a full day of sessions, attendees will enjoy a networking reception at this luxury urban resort in South Beach. Register to reserve your spot today!