| One of the most strategic things a company can do in the realm of global trade is to optimize its sourcing decisions. What are the least cost sources of supply for the myriad products a company procures internationally? While most companies have already rationalized their sourcing decisions to one degree or another, a common pitfall in this process is to omit details that can greatly affect cost.
Beyond the purchase price of the goods, transportation costs, lead times, service levels, etc. - which most companies already factor into sourcing decisions - what about the detailed duties, taxes and fees? Does the product qualify for a preferential trade program and what would that preferred duty rate be? Are all the potential international freight assessorial charges considered? From a compliance perspective, how difficult is it to source a particular product from any given country?
Amber Road's sourcing optimization solution takes all of these factors into consideration. Scenario-based analysis allows procurement professionals to gain a complete picture of overall cost, time to delivery, route and compliance implications associated with each sourcing decision.
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