GTM Best Practices

Many companies are trying to figure out in this current economic crisis how to cut costs and do more with less.  Here are some strategies that we are seeing supply chain experts implement to get “leaner” and survive the recession:

1) Eliminate bottlenecks and reduce inventory at the port, at manufacturing sites and warehouses
2) Reduce fines for holding carrier equipment too long (demurrage & detention)
3) Identify opportunities to shift modes, eg. airfreight to seafreight
4) Use postponement strategies to divert inventory at an international gateway
5) Become a self-filer to reduce the broker’s cost to make an entry
6) Use preferential trade agreements to lower (or eliminate) duties and total landed cost
7) Rebalance supply (and fulfillment networks) by determining tax efficient sourcing and distribution strategies

The key enabling technologies to implement these solutions include Supply Chain Visibility and International Trade Compliance.