Business trade preference

The trade preference processing capabilities of SAP GTS help companies leverage the benefits of trade agreements, such as the North American Free Trade Agreement (NAFTA) and the ones that the European Union (EU) has concluded with other countries and groups of countries. The concept is simple – import duty rates vary depending on what percentage of the product originates in the sending country. In practice, however, trade preference processing can be highly complex and time-consuming – each company must have written declarations from its suppliers as to the composition of the components and subassemblies of their products. The trade preference processing of SAP GTS can help automate this entire process.
Improve reputation with enforcement agencies
Improved transparency and auditability of activities
Increase competitiveness by leveraging trade preference agreements
Increase revenue by selling into new regions while leveraging trade preference regions
Reduce manual effort through standardization and automation of trade compliance processes
Reduce risks of fines and penalties
Strengthen enforcement capabilities to prevent illegal activities
Support strategic sourcing decisions by leveraging trade preference agreements

Business rules or business rulesets describe the operations, definitions and constraints that apply to an organization in achieving its goals. For example a business rule might state that no credit check is to be performed on return customers. Others could define a tenant in terms of solvency or list preferred suppliers and supply schedules. These rules are then used to help the organization to better achieve goals, communicate among principals and agents, communicate between the organization and interested third parties, demonstrate fulfillment of legal obligations, operate more efficiently, automate operations, perform analysis on current practices, etcBusiness rules exist for an organization whether or not they are ever written down, talked about or even part of the organization’s consciousness. However it is a fairly common practice for organizations to gather business rules in at least a very informal manner.

Organizations may choose to proactively describe their business practices in a database of rules. For example, they might hire a consultant to come through the organization to document and consolidate the various standards and methods currently in practice