Trends Report

Modern Global Trade In Tough Economic Times Requires Next-Generation Software Solutions

November 6th, 2008
With contributors:
Sharyn Leaver , Varun Sedov

Summary

In tough economic times, global procurement leaders and trade compliance managers are once again under the spotlight to reduce supply chain costs. The challenge? Most companies are already running an ultra-lean business as a result of years of automation efforts. The good news: For those companies involved in import and export, a huge opportunity still exists to streamline the process, reduce costs, and realize quick savings. As of late, these drivers have sparked more interest in global trade management (GTM) solutions. GTM software vendors have responded with new innovative functionality and strategic alliances. But confusing product road maps, dated IT architectures, and vendor viability concerns will continue to stall many GTM solution investments. Ultimately, a next-generation solution with an open architecture, extensive business intelligence, and risk analysis capabilities must emerge to meet customers' needs.

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