Inefficient Export Management Practices
A Costly Oversight
By any measure, global trade management is a challenging process. Because export departments are responsible for managing a complex choreography of communications, people and processes, exporting shipments on-time and to budget can present real challenges.
The United Nations Conference on Trade and Development estimates that the average international transaction involves up to:
- 27 to 30 different parties,
- 40 documents, and
- 200 data elements.
However, research shows that 64% of businesses continue to manage complicated export processes using tools not designed for the purpose: antiquated paper-based processes, Excel spreadsheets, whiteboards, and/or a range of disparate systems.
Consequently, exporters are exposed to
- Delays and fines caused by compliance and documentation errors
- Erosion of margins due to unanticipated increased supply chain costs
- Delayed shipments and long lead times
- Increased stress experienced by staff dealing with unexpected critical issues outside of their control
- Increased administrative costs associated with retrieving files, searching for misfiled documents and photocopying
TridentGLOBAL – A State of the Art Global Trade Management Solution
That’s where TridentGLOBAL comes in. Our philosophy is simple: bring together the global trade and logistics experts as high-performing, collaborative teams that focus on solving key challenges that our clients encounter in multi-country, multi-exporter and multi-user environment.
TridentGLOBAL helps you achieve:
- Seamless Integration
- Streamlined Global Supply Chain Management
- Unparalleled Document Management
- Stress free Global Trade Compliance
- Complete visibility and control with industry best Management tools
*Aberdeen Group Research (2010) benchmarking report Global Trade Management – Strategies for Mastering Trade Compliance and Supply Chain Complexity link.
