Press Releases
TradeBeam and Stanford University Release New Global Trade Management Study
Joint study helps businesses analyze trade lanes and eliminate inefficiencies to lower costs, increasing profits for importers and exporters by up to 40%
SAN MATEO, Calif. – December 3, 2009 – TradeBeam, the leader in SaaS-based Global Trade Management (GTM) solutions, and professors from Stanford University today announced the results of their joint study on the benefits of global trade automation, “How Enterprises and their Trading Partners Gain from Global Trade Automation: A New Process Model for the China-US Trade Lane.”
Co-authored by Hau Lee, of the Graduate School of Business and Warren Hausman, of the Department of Management Science and Engineering, as well as experts from TradeBeam, the study provides estimates in key benefit categories, based on input from supply chain practitioners from the US and China. Based on more than a year of research, the results demonstrate that companies stand to gain dramatically by implementing global trade best practices and accompanying automation, enabling improvement in profitability from 10-40% or more, as well as delivering significant improvements in other benefit categories, such as cycle times.
A key result of the study is a new global trade process model which enables enterprises and their trading partners to systematically analyze trade lanes, and find and eliminate inefficiencies. The initial model focuses on the China – U.S. trade lane, but can be applied in other geographic and industry contexts.
“This report demonstrates that companies can gain substantially by automating their global supply chains, probably much more than they have estimated to date,” said Warren Hausman, Professor of Operations Management in the Department of Management Science & Engineering at Stanford University. “By creating a new process model attuned to global trade, we hope to help companies make improvements that will help them thrive in the global economy not just with short term gains, but over the long term as well.”
To receive a copy of the Stanford Research Summary please visit:
http://tradebeam.com/landing/stanfordpaper-200912.shtml.
For all other inquiries about the report or to speak to an author, please write to info@tradebeam.com.
About TradeBeam
TradeBeam is a Global Trade Management (GTM) software and services company providing on demand solutions that streamline global trading for enterprises and their partners. TradeBeam’s integrated solution provides import and export compliance and visibility including inventory management, shipment tracking, and supply chain event management, as well as global trade finance solutions such as open account and letter of credit management. Founded in 1999 and headquartered in the San Francisco Bay Area, TradeBeam has operations in the United States, Europe, China, and India. www.tradebeam.com
Press Contact
Catriona Harris
Vantage Communications for TradeBeam
+1 407-767-0452 ext. 222
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