Retail Customers
Retailers face new and demanding market conditions in which they must sell across multiple channels, manage complex relationships with domestic and international suppliers, and support demands from customers who have greater access to product, price, and promotional information.
Challenge
Retailers in every segment are facing similar challenges of driving down costs while maintaining margin and profitability. Supply chains must be responsive and synchronized with every aspect of the overall business: promotions must be supported without risking oversupply or stock outs, sourcing from a variety of international sources must be flexible and responsive to demand fluctuations, and logistics and compliance groups must be capable of responding to global import and export requirements on short notice. Even for specialty retailers who have traditionally maintained higher margins, controlling costs in the supply chain while supporting customer-facing processes has become a critical success factor.
As supply, demand, and regulatory conditions change, corporations need a technology infrastructure that is highly flexible and can be quickly deployed to meet new challenges. The technology must be open and collaborative to include all internal divisions and external participants in the trading network including vendors, transportation providers, customs brokers, and financial institutions. The solution must also support any-to-any global logistics and customs processes to support ever-changing global business scenarios.
Solution
TradeBeam solutions provide retailers the ability to:
- Connect all trading partners through a Web-based platform
- Maintain visibility into the physical movement of product to the SKU level
- Manage, utilize and qualify for preferential trade agreement programs
- Automate license determination, product classification and landed cost calculations
- Ensure that correct documentation is prepared to avoid clearance delays at borders
- Automate and manage payment processes from Open Account to Letters of Credit
- Gain access to trade finance options to optimize cash flow management
- Maintain a complete audit trail of documentation and system activity
In addition, TradeBeam global trade management tools reduce the pressures associated with the new and proposed filing regulations within the Container Security Initiative (CSI), Customs Trade Partnership Against Terrorism (C-TPAT) and Importers Self Assessment (ISA) designations. TradeBeam solutions also provide better visibility of sourcing options and simplify collaboration efforts across your enterprise.
