Global Head of Sourcing and Compliance at Electrocomponents Talks Trade Compliance Strategy

Electrocomponents is a $2 billion global distributor of electronics, automation, engineering and control components headquartered in the UK.

With operations in 32 countries, serving over 1 million customers in more than 80 countries and a supply of 40 thousand orders every day.

Prior to implementing Amber Road’s Global Trade Management (GTM) solutions, Electrocomponents was manually screening against customers every month.

Now with Amber Road’s solutions, Electrocomponents is able to screen every customer and 40 thousand orders every single day as well as provide a greater compliance capability through product classification, license determination and restricted party screening to manage internal and external risks.

Charlie Jenkinson, Global Head of Sourcing and Compliance at Electrocomponents, explains the advantages of adopting Amber Road´s Trade Automation solution;

“We can be very confident that from a trade compliance perspective we adhere to all global regulations and that enables us to push out and roll out a global strategy in terms of inventory management which minimizes the investment that we have to make in terms of inventory deployment around the world, the Amber Road system gives us certainty that we can trade compliantly around the world”

Watch the video to learn more about how Electrocomponents complies with import and export tariffs and regimes using Amber Road’s solutions, including:

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  Restricted Party Screening

   

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  Product Classification

   

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  License Determination

   

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  Import Compliance

   

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  Export Compliance