|INFORMATION: Free information is available from INFOR on the subject in this story. Click here to request a copy|
Infor Restricted Party Screening Enables a Securer Supply Chain; Reduces Costly Trade Disruptions, Expedites Border Clearance
Infor, one of the largest global providers of enterprise software, now provides importers, exporters and manufacturers a more secure supply chain with the availability of Infor Restricted Party Screening, a solution that enables companies to quickly and accurately identify parties subject to government regulations, speeding the delivery of international goods through U.S. borders.
Infor Restricted Party Screening is a real-time, web-based supply chain solution that automatically updates the daily changes to the government party lists, notifies the user of possible supplier issues, provides a complete audit and history of shipment screening and enables the batch screening of customer lists, employees, suppliers and vendors.
The fast-paced nature of international trade means there cannot be any delays in moving product from point to point. Due to terrorism and other factors, governments have tightened rules on the import and export of certain goods across borders. A number of these governments have created lists of parties restricted from engaging in international trade.
The global supply chain is a complex organism where one delay can cause problems throughout the network, resulting in a dramatic loss of revenue, said Eric Nilsson, vice president of Infor Strategic Solutions Group Product Management. Infor Restrictive Party Screening removes this bottleneck by automating the screening process to ensure compliance and security as well as speed goods flowing throughout the supply chain.
Rapid growth in outsourced manufacturing has triggered a significant increase in cross-border trade, said Greg Aimi, research director at AMR Research. With this new trading environment comes increased regulatory requirements, international financial implications, and more complex global logistics. Technology is becoming an important enabler of accuracy, accountability, and efficiency in managing these more challenging business processes.
Customers utilising Restricted Party Screening are able to demonstrate to governments they maintain a secure supply chain and are therefore eligible for programs such as C-TPAT, which expedite border clearance. C-TPAT is a joint US government-business initiative to build cooperative relationships to strengthen supply chain and border security. As a part of this, U.S. Customs requests businesses ensure the integrity of their security practices and communicate their security guidelines to their partners within the supply chain.
Restricted Party Screening supports multiple lists published by the United States, Canada, United Kingdom, Japan and United Nations. The solution is available as a stand-alone solution or embedded within Infor Transportation Management, a solution which provides global visibility into inbound and outbound supply chains as part of Infor Supply Chain Management.
Infors Supply Chain Management solutions enable the worlds leading companies to improve their profitability, competitiveness and growth through network design, demand and supply chain planning, manufacturing optimization, warehousing, transportation management and supply chain analytics. By synchronising cycles of demand, supply and replenishment, Infors solutions allow our customers to get their product to their customers quickly and cost-effectively.
Infor delivers fully integrated enterprise solutions as well as best-in-class standalone products that address the essential challenges its customers face in areas such as enterprise resource planning, supply chain planning and execution, customer and supplier relationship management, asset management, product lifecycle management, financial management, performance management and business intelligence. With more than 8,100 employees and offices in 100 countries, Infor provides enterprise solutions to more than 70,000 customers.