The Saginaw, Mich.-based company has 21 manufacturing plants across the Americas, Europe and Asia and serves many of the world's largest automakers. Nexteer initially installed Amber Road's web-based, on-demand CTM solution in its Suzhou facility in 2012 to meet China's compliance requirements for Processing Trade, an import regime enacted by the Chinese government. Processing Trade affects companies that import materials and components into China and use those materials and components to manufacture finished goods for export to foreign markets. When properly administered, Processing Trade transactions are exempt from import duties and value-added taxes on export.
Nexteer's business expansion, along with the breadth of functionality and trade content coverage of Amber Road's CTM solution, led the company to extend its use of the solution to cover both Processing Trade and General Trade regulations in both its Suzhou facility and its new Liuzhou facility. Furthermore, the solution enhances Nexteer's logistics expense management capabilities with better compliance and consolidated expense allocation.
"Nexteer recognizes that automating China Trade Management yields greater productivity, efficiency and compliance," said Kae-por Chang, managing director, Amber Road China.
Source: Amber Road
Timely, incisive articles delivered directly to your inbox.