Use this SAP TM tutorial to learn how to utilize the SAP Global Trade Management module to meet the needs of your business in the areas of transportation management, logistics support, and trade-related services, regardless of industry or operation size. You’ll learn how to use the SAP GTS module as a standalone system or in conjunction with another SAP module such as SAP ERP Central Component or SAP SCM.
The Basics of SAP Global TM
Trade Management refers to a standard set of processes and tools used in SAP applications for Trade, Treasury, and Supply Chain Management. The three modules are SAP Global Trade Management (SAP GTM, SAP Supply Chain Management, and SAP Treasury & Risk Management SAP TRM). SAP GTM is a comprehensive solution that enables companies to manage their international trade operations across all business functions and locations around the world. It provides support for planning, execution, controlling, and reconciliation of import-export transactions from purchase orders through delivery. A detailed overview of how to configure Configuring SAP TM can be a daunting task because there are so many options available within each configuration step. To make it easier, we’ve created an overview that outlines every step in configuring your company’s trading environment and also shows you which configuration steps must be completed before you move on to another step.
What is SAP Global Trade Management Used For?
As it is, some companies can provide a more efficient method of transportation management. To optimize your shipping processes, you should look into SAP Global Trade Management and its associated Global Trade Services solution. This can help you get a handle on all aspects of your company’s logistics operation from end to end including those that may not be directly related to shipping. Doing so can save you both time and money since many business owners don’t see how or where their logistics teams are making them money. Additionally, with SAP TM and Global Trade Services as part of your arsenal, you gain access to an international network of professional consultants who understand global trade challenges like no one else does.
It takes care of tasks from end to end from receipt of incoming goods and delivery, processing through customs and taxes, and allocation for sale to final packing for shipping. Using SAP TM can help prevent mistakes that would otherwise cause delays in your supply chain by helping you track all aspects of your company’s logistics operation from a single interface. If a mistake is made somewhere along that chain, it can be spotted before it becomes a problem. In addition, SAP Global Trade Management offers an extension module called Global Trade Services that can help you export and import via airfreight by automating key processes such as booking space on aircraft or obtaining up-to-date information about tariffs and duties paid in other countries.
When you combine SAP TM and GTS, you gain a logistics tool that can handle all your shipping needs including international customs processing from end to end. GTS also gives you more control over how your logistics teams work, while at the same time allowing them to work more efficiently and quickly by automating key processes.
Does SAP Global have a TM?
Yes, SAP Global Trade Management is an optional software add-on to SAP Supply Chain Management SAP SCM. If you plan on international trading with other companies or countries, you need to consider adding GSM. The integration of TM and SCM allows for the complete management of export and import data. This includes material costing, creation of transport documents and processing, delivery planning as well as control over customs. At one point, trade was considered a back-office function but now companies like SAP Global Trade Management are streamlining it from start to finish using their software suites. So if you plan on international sourcing or manufacturing abroad in any capacity, get familiar with both Global Trade Management and Supply Chain Management solutions. SAP’s international trade management functionality provides a complete overview of customs information and other key trading elements. The export and import of goods can be managed by product, client, or transportation mode for simplified control over each stage of a supply chain. Trades with different tax levels, import taxes, and general national tariff rates can be specified by country and then applied to goods that are intended for sale in those locations. By using a streamlined approach to international trade management, IT organizations can better control their global supply chains—and avoid costly penalties.