Where the Real Opportunities Lie:
- Financial – Integrated global supply chains provide visibility into the financial transactions around all elements of the physical shipment. This is critical to support financial reporting, payment planning, and corporate cash flow requirements.
- Physical – Integrated global supply chains provide execution support and visibility, and more importantly visualization, into the movement of product/SKUs from the purchase order until the time the product is delivered to its destination.
- Strategic supply chain planning – Integrated global supply chains increase the opportunity for optimizing supply chain networks and maximizing inventory utilization across global supply boundaries.
- Corporate Risk management – Integrated global supply chains deliver cross-functional control and auditing of global trade risk points. Visibility across the global supply chain enhances product/SKU, financial, and trade compliance control thereby mitigating exposure to non-compliant activities
There are certain companies that understand the power of today’s technologies are enthusiastically working to streamline their global supply chains. But most companies are not. The result will be that those companies that are taking the mantle and building more integrated supply chain platforms will derive incredible value from lower total landed cost of products, improved inventory management, better customer experience, and increased financial control. The majority of companies, will not.
In a nutshell, the more a company can integrate its global supply chains, the better its financial performance, its supply chain execution, and total risk management.
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3rdwave simplifies global trade through automation. 3rdwave is a GTM platform that delivers total global supply chain visibility, minimizes manual data entry, streamlines business process, and provides contextual information enabling its users to make informed decisions to reduce global supply chain risk. It’s a cloud-based platform that requires minimal IT resources for quick implementation. 3rdwave ensures that companies meet the highest levels of GTM execution and Trade Compliance conformance.
Ned Blinick is Chief Product Officer of 3rdwave.co. He has been involved in global trade for too many decades and he loves making the global supply chain simpler for everyone. If you would like to engage with Ned he would really enjoy the of communicating with you or your boss. He can be reached at (416) 510 8800 ext 234 or at firstname.lastname@example.org.