Understanding, managing and streamlining international shipping processes can be time intensive. Global trade management practices done right can leverage detailed data to help you make proactive, informed 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 seamless, cohesive solution for managing international transactions. For trade-dependent companies, understanding and implementing GTM is now a critical component for maintaining a competitive edge in today’s global market.
What is Global Trade Management?
GTM is the practice of streamlining the entire lifecycle of global trade — across order, logistics and settlement activities — to significantly improve operating efficiencies and cash flow. This includes everything from Production Planning and Order Management to Order Settlement within your supply chain.
There is More to GTM
Having a GTM in place is a great start for many enterprises. 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.
Jerry Peck, VP of Global Trade & Transportation at QAD Precision will be covering these topics in his breakout session at QAD Explore, Global Trade Management and Best Practices, on Wednesday, May 8, 2019 at 11:00 AM in the Sheraton New Orleans Hotel (Rhythms 1).
In the session, you will learn the true 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 agreements and whether or not you are leaving money on the table. In addition, this session qualifies for one APICS certification maintenance credit.
Maximizing GTM at QAD Explore
At QAD Explore, you won’t want to miss out on our first look at the QAD Precision Free Trade Agreements (FTA) solution with QAD Precision Sr. Solutions Consultant, Olivier Joncas. The session, Increase Your Bottom Line with Free Trade Agreement Compliance, will take place in the QAD Demo Theater (Oak Alley) on Tuesday, May 7, 2019 at 1:30 PM.
There are clear advantages to using best-in-class GTM strategies — increased efficiencies, better operational visibility, reduced cycle times and improved profit margins. Manufacturers are also better able to respond to geopolitical shifts and supply chain disruptions, mitigate risk and ensure ongoing customer satisfaction.
We look forward to meeting you at QAD Explore, and discussing the GTM strategies that can best serve your needs today and in the future.