Mastering Import and Export Management

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9780814472033: Mastering Import and Export Management

With billions of dollars generated annually, importing and exporting is a potentially lucrative arena for growth—and a bewildering tangle of rules and regulations. Packed with hundreds of cost-effective strategies, ready-to-use forms, and valuable checklists, the second edition of Mastering Import & Export Management explains how to efficiently—and legally—navigate the complex world of international trade. From the big picture of pinpointing the best markets to the nitty-gritty of packing a container, this sweeping guide examines how to spot potential risks, apply quality control procedures, prepare documentation accurately, and more. This revised and updated edition addresses how best to handle recent crises like the earthquakes and tsunami in Japan, the economic downturn, or political instability in countries like Egypt, Tunisia, Bahrain, and Libya. It also covers every new compliance and security regulation, as well as evolving best practices, including: · C-TPAT guidelines · Incoterms · In-house compliance programs · Freight cost–reduction tips · Beefed-up TSA regulations · Improved technology options · President Obama’s new export initiatives. It’s an indispensable resource for today’s complex and changing global marketplace.

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Book Description:

"Here is the definitive guide to supply chain management in the post-9/11 world, intensively researched and painstakingly written by one of the leading experts in the field.

Before the terrorist attacks that destroyed New York's World Trade Center in 2001, managing the import/export supply chain was ""complicated, convoluted, and difficult"" enough, as Tom Cook observes. Since then, new security and compliance requirements have come into play. Some of these mandates are still evolving, and some pose special challenges for smaller exporters. To remain competitive, companies of all sizes must understand the changes, anticipate new directions, and keep the costs of compliance and security in balance. This book provides the timely and practical information necessary to meet those goals.

As a supply chain professional or executive involved in global trade, you can rely on Mastering Import and Export Management to help you:

* Identify the risks.

Learn to use creative financing as a marketing tool...spot potential exposures in new markets...avoid the major pitfalls of international freight shipments.

Gain entry into world markets.

* Determine how your products and services can best compete globally...structure an effective export program...understand key distribution logistics and foreign tax considerations.

* Meet sales and service demands.

Recognize the factors involved in global customer service...negotiate problems the right way...leverage the benefits of third-party logistics...apply quality control procedures...control the terms of sale.

* Deal with freight and logistics issues.

Reduce costs...negotiate better rates...get the best service contracts...assess the value of using consolidators.

*Handle specialty issues.

Learn the ins and outs of shipping equipment overseas for temporary use...ship perishable freight safely...evaluate air versus ocean shipping ... deal with strikes...observe key practices if you're in the entertainment or communications industry.

* Finesse your documentation.

Utilize INCO terms correctly...avoid documentation obstacles...navigate the demands of the Harmonize Tariff Schedule of the U.S. (HTSUS), Bureau of Export Administration (BXA), Federal Maritime Commission (FMC), Automated Export System (AES)...learn when and how to use the SED.

* Learn about importing if you export only.

Be prepared to handle returns and repairs...select the right customhouse broker...get familiar with ""drawback.""

* Become finance-savvy.

Identify banking and credit options...manage letters of credit.

* Control cargo loss.

Learn the science and art of properly packing for transit...minimize losses in transporting bulk liquids, pulp, and paper...understand the variables of containerization, sea, and air shipping.

* Manage risk.

Insure against physical, political, and credit risk...learn the liability basics...get more from your marine insurance...be aware of recently beefed-up air regulations.

* Leverage technology.

Automate key documentation...track and trace more accurately...know what to expect from your EDI carrier.

* Understand geographic demands.

Familiarize yourself with the idiosyncrasies of doing business under NAFTA and in the European Community, Eastern Europe, the former Soviet Union, Russia, Mexico, and Brazil.

* Deploy global staff cost-effectively.

Develop networking channels...understand the landed cost...attract quality personnel.

* Obtain export assistance.

Make the most of such resources as Chambers of Commerce, state governments, world trade centers, commercial banks, and others.

* Gain the benefits of duty-free work areas.

Explore the possibilities inherent in free trade zones (FTZs) and custom bonded warehouses.

More than 200 pages of sample forms, tariff schedules, and other vital materials enhance this invaluable and authoritative volume. If you are running an import and/or export operation of any scale, you can't afford to be without it."

From the Inside Flap:

he landscape of international trade is constantly shifting—and riddled with potential pitfalls. Mastering Import & Export Management is the roadmap you need to successfully navigate the often confusing and sometimes treacherous terrain. The third edition of this invaluable handbook has been thoroughly up-dated to provide essential information on the major regulatory changes in the global marketplace, as well as new documentation, operations, and procedures. It offers you powerful strategies for moving goods and services internationally in the safest, most efficient, and cost-effective manner possible.

Included in this new edition are templates of the current forms and procedures required by the Department of Homeland Security, the Bureau of Customs and Border Protection, the Federal Maritime Commission, the Bureau of Export Administration, and other involved government and trade agencies. This completely revised edition untangles all the rules and regulations and provides up-to-the minute changes in these crucial areas: Mastering the new challenges of import and export operations · Expanding global sourcing · Reducing risk and spend in global supply chains · Handling inbound and out-bound logistics · Administering INCO terms · Grasping documentation, regulations, operations, and procedures · Supervising freight forwarders and customhouse brokers · Applying trade compliance SOPs to developing export markets · Managing transportation service providers and carriers · Under-standing how e-commerce works in international trade · Leveraging free trade agreements/bonded warehouses/foreign trade zones to gain competitive advantage.

Import/export is a multitrillion-dollar business and the mainstay of an expanding global economy. If you want to operate successfully in this vigorous international arena, you need a new and more comprehensive knowledge base (especially in the face of increasing levels of government scrutiny and the intensified security concerns that have arisen since 9/11). By consulting this authoritative manual, you’ll be able to manage trade compliance more effectively, and learn all the latest ways to:

· Lower costs in shipping, inventory management, and order processing

· Develop resources and networking channels

· Choose the right personnel and foreign suppliers

· Meet sales and service demands

· Deal efficiently with government agencies and oversight

· Use technology to gain the competitive edge

· Ship perishable freight

· Establish safe, secure, and compliant supply lines—and control cargo loss

· Leverage key practices in the entertainment and communications industries

· Identify and minimize potential political, environmental, and credit risks

· And much more.

Here is the one resource that will help you create and smoothly operate a viable, legal, and profitable import/export business. Using the information and following the steps and strategies provided in this definitive guide, you’ll be able to identify and pursue valuable opportunities while maneuvering deftly through the jungle of compliance regulations and erratic economic realities. Throughout corporate America, personnel, resources, and infrastructure are being redeployed to manage supply chains that include greater foreign purchases and an expanding global market. Mastering Import & Export Management is the key to staying on top of the great game of international trade.

Thomas A. Cook has 35 years of professional experience in global logistics and international business, and 25 years as an instructor at the American Management Association, the National Institute for World Trade, and the District Exports Councils.

Kelly Raia has years of experience in the international global supply chain field.

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