Trade and Logistics Management

Globalization in today's business environment presents logistics and trade challenges that go beyond language, time zone, and currency differences. Unplanned freight costs, mushrooming compliance risks, increasing volume of outsourced trade, suboptimal transportation, and increased competition have all made the competitive landscape far more challenging to your organization.

In the past, organizations have responded to these challenges by creating complex business processes that rely on a large number of foreign trading and service partners. The consequence of adding such complexity to your supply chain processes is a fragmentation in the information flow and ultimately an ever increasing loss of control in your supply chain.

TradeMerit Service

Trade and Logistics Management is an on demand, customizable service that provides to you and your Supply Chain partners a vehicle to communicate relevant process information and controls. TradeMerit does this through a technology and process model that looks to build a common communication platform between trade and service partners. Once there exists a common platform, supply chain processes can be monitored and controlled in order to mitigate supply chain risk. This visibility goes far beyond logistics tracking of your shipments to also provide detailed item and information visibility.

Benefits

Measure Cost versus Risk

  • Measure the cost and risk of your trade lane through a process/landed cost model that can look at hard quantifiable costs (i.e. transportation, inventory, etc.)
  • Identify more qualitative costs due to risk (i.e. geographical and supplier location risk, etc.).

Manage Suppliers

  • Manage suppliers contracts and agreements.
  • Monitor purchase order execution.
  • Improve Days Payable Outstanding.

Fulfill Orders

  • Manage Customer contracts and agreements.
  • Track product inventory anywhere in your supply chain.
  • Monitor fulfilment to customers.
  • Improve Days Sales Outstanding.

Resolve Problems Early

  • Detect problems early in the Supply Chain
  • Assign and monitor resolution tasks.
  • Design & Implement corrective actions.

Optimize

  • Build performance reports.
  • Evaluate "what if" scenarios.
  • Continuously improve your supply chain processes.