Global Trade Management and Best Practices

Appreciative, managing and streamlining international shipping processes can be time serious. Global Trade Management practices done right can influence detailed data to help you make proactive, up-to-date decisions that move the business forward.

From its origins in the 1990s as part of early supply chain integration projects, Global Trade Management (GTM) has since evolved into a refined discipline that links people, processes and enabling technology into a one-piece, solid solution for managing international transactions. For trade-dependent companies, understanding and implementing GTM is now a critical component for continuing a reasonable edge in today’s global market.

What is Global Trade Management?

GTM is the practice of reorganisation the entire lifecycle of global trade — across order, logistics and settlement activities — to significantly improve operating productivities and cash flow. This includes everything from Production Planning and Order Management to Order Settlement within your supply chain.

There is New to GTM

Having a GTM in place is a unlimited start for many organization. However, there are geopolitical issues and disruptions that could affect the way you are using your GTM. There are best practices that can help you prepare for these disruptions and challenges.

In the period, you will learn the exact definition of GTM. You will also learn how to identify your weak links, how to turn regulatory trade compliance into a competitive advantage, trade optimization strategies and best practices, as well as leveraging free Trade Export agreements and whether or not you are leaving money on the table. In addition, this session qualifies for one APICS certification maintenance credit.

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Created on Aug 27th 2022 21:02. Viewed 148 times.

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