How the right technology can keep exporters out of harm’s way and in regulators’ good graces
The Journal of Commerce has a great article about how enhancing your export control program ultimately raises supply chain security, prevents delays, and increases control the export process, resulting in increased revenue from new markets.
Experts recommend implementing a complete export compliance program that acts as a delivery mechanism for implementing export compliance standards and protocol within an organization and its supply chain. The key is to know the critical components to such a program and how automation can assist an exporter in supporting its overall objective: minimizing risk and streamlining the supply chain while keeping operational costs at bay.
The article states that there are 6 key components necessary to build an export compliance program: (Read detailed descriptions of these steps in the Building an Export Compliance Program white paper.)
- Attaining Management Support
- Performing a Company Profile and Risk Assessment
- Ensuring Cross-Organization Accountability
- Automating Compliance Process Control
- Training the Individuals and Teams Involved in the Export Process
- Scheduling and Performing Continuous Audits and Reassessments
Export regulations apply to all international shippers and are being enforced now more than ever. Automating your export process will secure your company’s supply chain and prepare your company for the ever-changing global marketplace.
Subscribers to the Journal of Commerce may access the full article here: Building a Better Export Control Program.
If you're not a subscriber: either sign up (JOC has great global trade news) or read the Management Dynamics white paper, "Building an Export Compliance Program.
