Global Sourcing & Purchasing Post 9/11: New Logistics Compliance Requirements and Best Practices
- 6h 16m
- Cynthia Bonincontro, Michael Assaf, Stephen Johnsen
- J. Ross Publishing
- 2006
The events of September 11, 2001, have forever changed the dynamics of importing or exporting products into the United States. This privilege, which can be revoked for non-compliance, has been made dramatically more complex and expensive by the numerous new rules, regulations, laws and requirements of various agencies. This comprehensive reference provides sound and innovative purchasing, logistics and supply chain management techniques for acquiring customers, increasing competitive advantage, reducing costs and improving end-to end supply chain performance while ensuring required compliance.
- Provides comprehensive importer and foreign entity guidelines for achieving cost savings, improving delivery turnaround time, securing compliance, building product classifications and optimizing trade for reduced or eliminated duties
- Explains how to set up a purchasing cost analysis program for quick evaluation and obtain cost savings via currency hedging and a forward currency contract, and provides activity-based costing information to help firms manage and benchmark logistics costs
- Discusses various levels of automation, from document imaging to full automation of the compliance process, including how RFID smart labels can improve your supply chain, and presents innovative ways of achieving JIT inventory for imported merchandise
- Covers global e-sourcing systems, applications, processes and best supply chain practices as well as new electronic procurement standardizations to analyze requirements, identify gaps and improve the interoperability of Internet-based e-procurement systems
- Reviews compliance with post 9/11customs and security requirements for global trade and outlines processes and time lines for “ready-to-market” regulated product registrations
About the Authors
Michael Assaf, Cynthia Bonincontro & Stephen Johnsen were all international trade experts with Bayer Corporation. Together, they were responsible for over $5 billion in annual international transactions. Michael Assaf has recently moved on to the Lanxess Corporation.
In this Book
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Importing and Inbound Supply Chain Planning 101
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Operations and Procurement
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Transportation in the Post 9/11 Global Procurement Environment
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Other Departments that Play an Important Role: The Missing Links in Global Procurement Supply Chain Planning
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The Other Government Agencies: The "Other Bureaus in Customs' Neighborhood"
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The Effects on Decision Making
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The Money Generator and Compliance Portal
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Trade Optimization: Programs that Contribute to a Company's Bottom Line
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The Effects of Heightened Security on the Inbound Supply Chain
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Impact on Global Supply Chains
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New Technology
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The Future
