January 25, 2010
Management Dynamics Introduces End-Use Manager
By Raju Shanbhag
For companies that have established their trade in different countries, complying with various regulations in these different counties can be a herculean task. Many companies spend a lot of money and manpower on this aspect of their business alone.
Now, Management Dynamics, a provider of Global Trade Management solutions, has reportedly released its End-Use Manager, an on-demand solution that generates end-use surveys for parties involved in any cross-border transaction.
Companies often need to develop and complete end-use surveys to determine if an intended use is in compliance. For many companies this is currently a manual process that is difficult to administer and ensure compliance.
With the help of End-Use Manager, companies can establish a standardized process for managing and ensuring compliance with international trade regulations by collecting end-use statements from customers, suppliers and employees. The solution can be used meet the specific requirements of different business units as it can be flexibly deployed as a Web-based portal across any global enterprise.
“Today many companies rely on an inconsistent and, often inaccurate, manual process to administer end-use surveys to determine if the intended use of their shipped goods is in compliance with export controls,” Nathan Pieri, senior vice president, marketing and product management, Management Dynamics, said. “Our new End-Use Manager product makes it possible to manage the process centrally and distribute via a simple web-based solution for employees that must interact with customers.”
The End-Use Manager helps the companies in simplifying trade compliance around product use and related professional services and offers benefits such as enterprise deployment, restricted party and critical country screening, audit trail review, survey configuration and generation of end use statements.
Recently, the company announced the release of Trade Portals, a product line to help companies extend purchasing, origin logistics, and compliance processes to their trading partners. It allows the users to reduce cycle time, lower supply chain execution costs, and support compliance initiatives such as Customs 10+2 by collaborating across a shared process with suppliers, forwarders, logistics providers and brokers. Raju Shanbhag is a contributing editor for TMCnet. To read more of Raju’s articles, please visit his columnist page.
Edited by Amy Tierney