With the May 14th presidential proclamation putting the US-Colombia free trade agreement into force, it has never been more critical for GTM software users to understand the importance of the trade content that powers their solutions. Because FTAs specify changes in rules of origin and HS codes, it is important that organizations using global trade management software ensure that their vendor made the appropriate updates to the underlying trade content and put them in place immediately.
By having access to these trade content updates, organizations are able to find potential reductions in landed costs due to preferential treatment as of the effective date. Supply chain managers should be able to run scenarios that reflect preferential rates as they make sourcing decisions.
To learn more, click here to read the Supply Chain Digest article written by Anthony Hardenburgh, Vice President of Global Trade Content at Amber Road.
Global Semiconductor Provider Completes Enterprise-wide Implementation
of Export Compliance Solution
EAST RUTHERFORD, NJ, April 21, 2010 — Management Dynamics, a leading provider of Global Trade Management (GTM) solutions, today announced that Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) implemented its Export Compliance solution to automate and maintain compliance with international export regulations.
The enterprise-class on-demand solution has enabled Infineon to streamline its process for license determination and sanctioned party screening across its high volume, highly complex supply chain.
Screening over 10,000 daily transactions across 12,000 customers worldwide, Infineon needed a robust and scalable solution to automate compliance with all export regulations for shipping products to foreign countries, as well as the measures to ensure compliance with national and international anti-terrorism regulations.