Innowera - RDM: Global Trade Services

Innowera - RDM: Global Trade Services

RDM | Operations: Cross Functions | Global Trade Services

As countries move increasingly toward a global market economy, businesses become more involved in and influenced by foreign trade. This affects not only the vendor and customer relationship, but that of foreign subsidiaries within a single company. With this opening of market opportunities come regulations, licenses, import tariffs, and an increasing amount of paperwork required by government agencies and other legal entities. SAP provides extensive support for world-wide export/import trade as well as deliveries within specific trade areas (such as the EU or NAFTA), thus automating the burdensome paperwork and freeing your shipping and receiving departments to concentrate on moving products quickly.

Export Management Export Management contains the complete logistical outbound supply chain from a trade compliance and customs perspective. Trade compliance is ensured through specific services like sanctioned party list screening, export control and embargo check which can be flexibly assigned to every part of the supply chain. It automates and expedites the export related custom processes by collecting the required data from various areas of company and exchanging the information with the Custom Authorities in the right format and at right point of time. The services from SAP GTS can be used along the outbound supply chain to accelerate, automate and secure your trading processes. As the platform for trade related data and services, SAP GTS gives the flexibility to react quickly to the ever changing laws and regulations in the area of global trade and cross boarder processes. With the out of box integration provided for SAP ERP and SAP Transportation Management, export processes works seamlessly with logistics processes.
 
Import Management Import Management contains the complete logistical inbound supply chain from a trade compliance and customs perspective. Trade compliance is ensured through specific services like sanctioned party list screening, import control and embargo check, which can be flexibly assigned to every part of the supply chain. It automates and expedites import related customs processes like import into free circulation and special customs procedures. It enables users to classify products easily, do proper customs valuation and duty calculation. Electronic communication enables companies to directly interact with the different customs authorities in the required formats and procedures. As the platform for global trade related data and services, SAP GTS gives the flexibility to react quickly to the ever changing laws and regulations in the area of cross-border trade.
 
Trade Preference Management Trade Preference Management determines the eligibility of products for reduced import duty rates. Eligibility is determined using content-based rules-of-origin detailed in preferential trade agreements between trading partner's countries. Involving time-consuming vendor-declaration gathering, complex product-content origin analyses, and sophisticated numerical data processing algorithm, preference determination is costly, error-prone, and risky when done manually or without the aid of a purpose-built solution.
 
Special Customs Procedures Special Customs Procedures provides support for more complex customs procedures which provide substantial savings on duties, taxes and customs fees for importers and exporters. To support these procedures, GTS offers even more comprehensive integration into the core ERP production and logistics processes automating the tracking of the inventory of materials and their components for customs purposes. Examples of these special customs procedures include Bonded Warehouses, Outward Processing Relief and Inward Processing Relief.
 
Special Regional Procedures Special Regional procedures provides country specific or industry specific procedures. Some of these includes EMCS, Restitution and Intrastate.