Supply Chain Risk Management, the Next Step in Logistics Services

Posted on July 9, 2010, 8:47 am, by Emily, under Global trade management.

In today’s era of heightened security, national governments are imposing more sanctions and adding more names to “watch lists” to avoid the risks linked to terrorism and prohibited commerce. Penalties for trading with a restricted party can include fines or even loss of export privileges. Logistics providers can gain a competitive advantage by helping customers avoid this risk with an automated restricted party screening (RPS) tool.

Enhancing your logistics service with an RPS solution will help you achieve several key benefits. You’ll be able to position your offering as a one-stop shop for international shipping needs; you’ll be able to provide a value-added service with visibility to shipping as well as legal and procurement; and your product offering will be differentiated with a trade compliance solution that will reduce risk in your customer’s supply chain.

To learn how you can implement the best-in-class screening strategies that leading companies use to prevent fines, delays, and loss of export privileges, receive our new white paper, 6 Best Practices to Improve Compliance with a Restricted Party Screening Solution. This white paper addresses the following questions organizations face when considering their screening options:

Why do companies need to screen their vendors, suppliers, and trading partners against restricted parties lists?
What are the 4 largest challenges from keeping your company in compliance?
How do most companies manage this process today?
What are the cross-industry best practices for managing this screening?
What attributes should companies consider when enhancing their restricted parties screening process?