Mill Products > Enterprise Management & Support > Operations Support > Global Trade Services

Global Trade Services

Main Process

 

 

 

See also

  • SAP GRC Global Trade Services
  • Value Collaterals

    •

     

    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.

     

    SAP provides a solutionthat helps customers eliminate costly fines and penalties of non-compliance. It expedites customs clearance, reduces buffer stock and improves customer service levels by managing end-to-end trade processes. Additionally, the solution helpsimprove competitiveness in global marketplace through reduced duty rates by helping companies utilize the benefits of regional trade preference agreements e.g. NAFTA. And it provides mechanisms to ensure that all parties involved in cross-border trade meet their contractual obligations and helps mitigate financial risks while trading on a global scale.

     

    The solution enables companies to establish one corporate-wide standard for trade processes across SAP and non-SAP systems, secures global supply chain and facilitates electronic communication with government IT systems to streamline cross-border trade and gain sustainable competitive advantage for businesses. It can be implemented quickly to gain faster ROI and due to its composite nature be easily adapted to meet changing business and regulatory requirements.

     

    Please note that you need SAP GTS as further shipment besides SAP ERP if you want to use these business processes.

    Business Processes

    Export ManagementSAP Component or Feature Available

    SAP GTS helps to expedite the export process with capabilities to ensure full regulatory compliance, expedite customs clearance and mitigate the financial risk of global transactions.

    See Also:

    Export Management

    This process is supported by the following SAP and/or partner offerings

  • SAP Global Trade Services - Export

    		•
     
    Import ManagementSAP Component or Feature Available

    SAP GTS helps to expedite the import process with capabilities to ensure full regulatory compliance, expedite customs clearance and mitigatethe financial risk of global transactions



    See Also:

    Import Management

    This process is supported by the following SAP and/or partner offerings

  • SAP Global Trade Services - Import

    		•
     
    Trade Preference ManagementSAP Component or Feature Available

    Trade Preference Management comes into play when companies ship products to customers in countries that have trade-preference agreements. The concept is simple: Import duties will have different rates, depending on what percentage of the product originates in the sending country. In practice, however, trade preference processing can be highly complex and time-consuming: Each company must get written declarations from its suppliers as to the "original" content in the components and subassemblies of their products. SAP GTS automates this entire process.



    See Also:

    Trade Preference Management

    This process is supported by the following SAP and/or partner offerings

  • SAP Global Trade Services - Trade Preference

    		•
     
    Restitution ManagementSAP Component or Feature Available

    Restitution Management is a special concern to companies in the food and agriculture industries, because it helps European Community agricultural exporters recoup subsidies for selling products to non-EC countries at lower-than-normal prices. As part of the EC's Common Agricultural Policy (CAP), when a company sells (exports) products to a customer in a lower-paying country, the seller must then apply for this subsidy - called "restitution" - from the EC. Fillingand tracking that application can be a difficult process. SAP GTS automates this entire process.



    See Also:

    Restitution Management

    This process is supported by the following SAP and/or partner offerings

  • SAP Global Trade Services - Import

    		•
     
    SAP Product Available Partner Product Available SAP Product Available with Future Releases Partner Product Available with Future Releases Future Focus