Case Studies
Global Food Manufacturer Saves Over $40 Million in Duty Costs
Overview
Analytics & Modeling - Predictive Analytics Functional Applications - Enterprise Resource Planning Systems (ERP) Functional Applications - Remote Monitoring & Control Systems | |
Consumer Goods Food & Beverage | |
Logistics & Transportation Procurement Quality Assurance | |
Inventory Management Predictive Maintenance Supply Chain Visibility | |
Software Design & Engineering Services System Integration Training | |
Operational Impact
The burden of managing FTAs has caused many companies to fail to see the potential savings from FTA utilization. In the case of the global food manufacturer, a comprehensive approach that involved leading global trade technology from e2open had a positive impact on global supply chain performance and cost reduction. The manufacturer has been able to significantly reduce duty payments, decrease inventory levels and improve global trade processes. | |
The company has also improved collaboration with suppliers and partners, such as the organization’s customs brokers, with beneficial results: Reduced error rates that negatively impacted cycle times, Improved cycle times and accuracy, Enhanced product availability for customers. | |
In addition, the customs team can more easily analyze the supplier base to determine where to pursue duty savings from preferential trade programs. Due to improved FTA identification, the project has delivered significant duty savings in excess of $40 million on an annual basis. | |
Quantitative Benefit
Delivered significant duty savings in excess of $40 million on an annual basis. | |