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The Decision Factor offers insightful comments and observations on analytics—from views on new technology approaches and market dynamics to the latest industry trends driving demand for faster, smarter information analysis. This blog contains personal views, thoughts, and opinions from SAP employees, mentors, and friends working in the area of analytics. It’s not endorsed by SAP nor does it constitute an official communication of SAP.

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Can Companies Operate in a Risk-Free Environment?

Can Companies Operate in a Risk-Free Environment?

There are many ways people rationalize away risk when it comes to their companies. Ever heard someone say, “We don’t manufacture a tangible product, therefore, we’re not at risk for global trade violations”? Or, “We only sell to domestic markets.” Or even, “Our product is simple and clearly for civilian use, so it poses no military threat.” Assumptions like these could be putting your company at extreme risk.

Screening Business Partners Is Good

Companies that do any type of business must, at a minimum, screen all business partners against the lists published by regulatory authorities. These lists include the …

Is the Single Window in Your Sights as We Move into 2013?

Packages on Conveyor Belt

Is the single window part of your global trade vision in 2013? I hope your answer is, “Yes—the transition to the single window is on my ‘trends to watch list,’ as are export reform, electronic communication with customs and other government agencies (OGA), and the introduction of new Korean free-trade agreements.”

Customs and OGA’s certify electronic filing interfaces and certified software providers must keep the interfaces up to date. This cycle of certification and re-certification is an ongoing exercise to keep up with the modernization of customs and their systems.

In this post, I’ll review the complexities giving …

Best Practices for Global Supply Chain Management

http://www.dreamstime.com/-image22224642

E=mc², arguably the most recognized mathematical equation worldwide. Okay, maybe second to 2+2=4, but highly recognized nonetheless. The equation “proves” the theory of relativity, a topic that we could spend anywhere from five minutes to a lifetime discussing.

So what does this have to do with global trade best practices?

The theory of relativity suggests that something can only be measured in relation to something else. Best practices can only be defined by measuring yourself against a defined set of standards. Measurements such as on-time delivery performance, inventory carrying costs, and transportation expense are just a few common …