in Aerospace

AEB white paper looks at addressing trade bans and restrictions

Posted 22 March 2017 · Add Comment

Managing supply chains across borders, companies need to consider numerous global trade regulations and a new white paper by global trade and supply chain management software and services provider AEB - Bans and restrictions - considers some of the most common bans and restrictions and offers tips for automating and simplifying screening processes through manual restrictions.

Bans and restrictions can grow into serious trade barriers unless businesses keep track of them and efficiently integrate them into their business processes. This is especially true in global trade, where compliance with complex national and international rules and regulations is a basic prerequisite for long-term success. But the effort required to run checks and obtain the necessary permits must remain manageable, otherwise businesses face an uphill struggle trying to match the lead times and costs needed to thrive in today’s highly competitive global marketplace.
 
However the broader the product portfolio and the more international the sales markets, the more complex the task of screening business transactions becomes. Many exporters deploy export control solutions that screen all ongoing business transactions against restricted party lists, national embargoes, restricted product lists, and designated use definitions.
 
Unfortunately, the full functionality of such software often goes unutilised. The same software can be used to reliably screen against bans and restrictions from other jurisdictions and countries and even define in-house restrictions, for example. Such functions can be programmed to run as manual restrictions alongside the software’s standard screening processes. Using IT to support the monitoring of these manual restrictions offers many benefits:
 
•         Much lower processing times
•         Lower personnel costs
•         Streamlined processes
•         Much greater transparency and legal protections in the screening process
 

AEB's white paper can be downloaded free of charge
here

* required field

Post a comment

Other Stories
Advertisement
Latest News

Airbus-led FUSE-IT project awarded ITEA Award of Excellence on Innovation

The research and technology project FUSE-IT, conducted by 18 partners from France, Belgium, Portugal and Turkey and led by Airbus CyberSecurity, has received the 2018 ITEA Award of Excellence on Innovation.

UKRoC winners Tonbridge School to represent UK in IRC at FIA

Tonbridge School’s team ‘Rocketon’ have won the national final of the UK Youth Rocketry Challenge (UKRoC) to earn a place representing the UK and competing against students from the USA, Japan and France at the International Rocketry

Cardiff Airport concludes successful UK Airports Safety Week

The airport-led initiative - UK Airports Safety Week which ran until 20th May and took place across over 50 UK airports - aims to promote and demonstrate the importance of safety to the airport team, visitors and customers alike.

QinetiQ's X-Net helped protect the Royal Wedding

Thames Valley Police used QinetiQ’s vehicle stopping X-Net technology as part of wider security plans to protect the Royal Wedding of Prince Harry and Meghan Markle in St George’s Chapel, Windsor last weekend.

Atos and Google Cloud form global partnership

Digital transformation specialist, Atos, has entered into a global agreement with Google Cloud to address the digital transformation needs of enterprise customers.

J2 Aircraft Dynamics gains US DOS license to provide military aircraft technical support

J2 Aircraft Dynamics, a UK SME and ADS member, has received a license from the US Department of State (DOS) to provide technical assistance through 2022, under International Traffic in Arms Regulations (ITAR), in the form of modelling,

Air & Ground SK1704230718
See us at
SMI FAVWSBT1402060618FIL18 BT111017220718