Given current business imperatives to lower costs, many organizations today have a low-cost country sourcing strategy. The country specific regulations that govern imports, however, are very complex. Compounding matters for the importer are a host of related challenges:
Handoffs with multiple third parties that can create communication challenges
Accountability that rests with the Importer of Record for all compliance requirements
A variety of disruptions, not properly managed leading to higher levels of inventory, higher landed costs, and even lost sales.
To address these challenges, importers need to implement processes on a global level, have a centralized view of import compliance, and an ability to manage by exception. With constantly changing regulations such as the Importer Security Filing (ISF, also known as Customs 10+2) in the United States and AEO in the EU, it becomes even more important to build these capabilities into your overall supply chain management program.
Amber Road's import compliance solutions centralize the import management functions to efficiently manage product classification, trading partner management and transactional flows that span origin, pre-entry and entry processes.
Support Importer Initiatives such as RECON and Post Entry processing
"Amber Road's Trade Import solution has simplified Panasonic’s import transactions by integrating critical global shipping information into our systems in real-time. As a result, we have started to achieve end-to-end visibility of our entire supply chain."
