Do your duty: TradeBeam calculator manages global tariff rates; saves on sourcing
By Manufacturing Business Technology Staff -- Manufacturing Business Technology, 3/25/2009 2:14:00 PM
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The Duty Rate Calculator, offered by TradeBeam, is a solution for managing global tariff rates that allows businesses to quickly obtain current general and preferential, as well as future duty rates. The software collects global regulatory information to create the most comprehensive and up-to-date trade content—allowing businesses to accurately project for their financial and operational planning without the risk of human error.
The calculator simplifies the duty rate determination processes, thereby maximizing savings and enabling companies to make more accurate sourcing decisions. Leveraging global trade content sourced by an in-house team of experts, Duty Rate Calculator offers advanced query functionality of world trade regulatory information from various government agencies.
“Our global trade customers continuously review their sourcing options to gain a competitive advantage,” says said Graham R. F. Napier, CEO, TradeBeam. “Identifying the most beneficial option from a duty rate perspective is a key component. The complexity of different countries’ duty rates, however, can be a real challenge if you do not have access to the right tools. In addition to identifying the best current rate, our Duty Rate Calculator can access the right data for businesses to plan ahead. It aggregates and structures the data into a usable format for ‘what-if?’ analysis, providing an easy and useful tool for our customers and a quick return-on-investment.”
