Remove 3rdwave-master-data-product-hs-classification
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Why Trade Compliance Should Digitize

3rdwave

The more granular and comprehensive the data captured in digital format the higher the fidelity and resolution of the picture presented through digitization. The smartphone ushered in the “app” which changed how we access and use information and this has carried over into a vast universe of new products.

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Why Master Data Management is Important in Trade Compliance

3rdwave

Product and Account data are foundations on which all organizational activity operate. In most organizations, the ERP is meant to be the repository of the organizations’ master data. That is, ‘important’ data is housed there. Important data is a matter of perspective. Why is that?

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article thumbnail

Why Master Data Management is Important in Trade Compliance

3rdwave

Product and Account data are foundations on which all organizational activity operate. In most organizations, the ERP is meant to be the repository of the organizations’ master data. That is, ‘important’ data is housed there. Important data is a matter of perspective. Why is that?

article thumbnail

Why Trade Compliance Should Digitize

3rdwave

The more granular and comprehensive the data captured in digital format the higher the fidelity and resolution of the picture presented through digitization. The smartphone ushered in the “app” which changed how we access and use information and this has carried over into a vast universe of new products.

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6 Causes of Sub-Optimal Trade Compliance Performance

3rdwave

Beyond its primary role, when trade compliance expertise is consulted during the early stages of product design, it has the potential to positively impact many operational departments in the company and save the company money. Poor Master Data Management. Many organizations still manage master data in the ubiquitous spreadsheet.

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6 Causes of Sub-Optimal Trade Compliance Performance

3rdwave

Beyond its primary role, when trade compliance expertise is consulted during the early stages of product design, it has the potential to positively impact many operational departments in the company and save the company money. Poor Master Data Management. Many organizations still manage master data in the ubiquitous spreadsheet.

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5 Questions to Ask When Implementing Trade Compliance

3rdwave

It is very common for trade compliance departments to still be highly reliant on spreadsheets or simple databases to manage the basics such as HS codes, ECCN/USML codes, Licenses, and Supplier or Customer and 3rd party profiles. It impacts: Product records (HS classification and tariff rates.