Transcript
Page 1: Varying Standards Among Trading Counterparts

February 2, 2015

433 E Las Colinas Blvd #850, Irving, TX, 75039

+1(214) 717-5900

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www.appterra.com

Appterra is the only Collaborative Commerce Platform designed for the cloud.

Varying Standards Among Trading Counterparts

Supply chain management has changed over the years. At

one time, companies only had to worry about trading

partners in their country. Now, the marketplace is global, and

so is the supply chain. As you move into the global

marketplace, you will notice that standards vary among

trading partners. This can cause a variety of problems, from

subpar products to injuries, or a lack of compliance with

regulations. This can harm your business. The question is,

then, how do you deal with these varying standards?

Compliance within the System

You can easily ensure that all trading partners are compliant

by adding regulations into the supply chain management

system. For instance, you can include document archiving

into your system. The standard is six months online and

seven years offsite. By adding this into your system, it will be

easy to make sure everyone complies.

You can also add HTTPS to your system so everyone uses

a secure protocol. All trading partners will have to log into

the HTTPS to access the supply chain management

platform. That will ensure that your information is protected,

even if your trading partners do not protect their systems.

The information will be on the cloud instead of their

individual systems so it will be safe.

You can also choose a system that encrypts data for you.

This will give you some extra protection when you and your

trading partners send information. Again, this will protect the

information, even if your trading partners do not have secure

systems.

Legal date and time stamping is another way to ensure that

everyone is using the same standards. You can have the

system do this for you automatically so you do not have to

worry about your trading partners failing to comply. Even if

they are not interested in provided the necessary stamps, all

of their documents will be stamped by the system.

You cannot stand over your trading partners’ shoulders,

forcing them to do the right thing. You can, however, use a

supply chain management platform that makes everyone

abide by a certain set of standards. That way, you can

protect your information and your supply chain. That means

you will protect your profits. When everyone is on the same

page regarding standards, you do not have to worry about

your trading partners causing you to lose money. Instead,

they will help you make more money with your business.

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