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What do Trade Wizards Offer? |
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Management Dynamics Trade Services product suite gives companies everything they need to buy and sell around the world and is designed to meet the specific requirements of any business -- from the largest global corporation, to a small or medium company or the newest B2B marketplace. The Trade Wizards are a part of Management Dynamics E-Commerce offering and consist of single function, browser-based interactive tools that can provide quick answers to specific international trade related queries such as:
| • Landed Cost Calculation |
| • Trade Compliance, including: |
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Product Classification |
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Screening for denied or restricted parties |
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Screening for import and export controls, including licensing requirements |
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Determining trade documentation requirements |
| • Other Trade Tools |
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Currency conversion |
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Reference information including glossary of terms and acronyms |
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Who Uses Trade Wizards? |
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Buyers, sellers, shippers, exporters, importers, Customs brokers, e-marketers, freight forwarders and more -- all can use the power of the Trade Wizards as a quick, efficient and cost saving tool for answering global trade questions. |
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What is Global Knowledge? |
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Global Knowledge is Management Dynamics database with the most comprehensive, up-to-date information on trade regulations, excise and value added taxes, Customs duties, Harmonized System (HS) codes and more, for over 40 countries around the world. For an additional 70 countries the database hosts general duty rates (MFN or NTR). The over 40 countries, for which Management Dynamics maintains a comprehensive data set, constitute approximately 92% of world trade. |
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Who are Management Dynamics's Customers? |
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Management Dynamics products and services are used by companies of all sizes from small and medium enterprises and B2B marketplaces to Fortune 500 corporations. With a reputation for technical leadership, reliability and client satisfaction, Management Dynamics's prestigious list of customers includes FedEx, UPS, Cisco Systems, 3Com, Fairchild Semiconductor, Rockwell Automation, Quantum, Sotheby's, Cendian, Intelsat, Air Products and Chemicals, Boeing and Qualcomm. |
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Who are Management Dynamics's Partners? |
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Management Dynamics partners with companies that help us develop, market, sell and deliver the most comprehensive global trade management solution in the market today. Partners include Danzas AEI, Worldwide Retail Exchange, G-Log, VerticalNet, Tradelink and others. |
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How does Trade Wizards Benefit Customers? |
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Management Dynamics Trade Wizards simplify and streamline all aspects of the global trade process. It enables companies to:
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Lower costs and eliminate manual tasks by automating regulatory compliance |
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Determine a certain party's eligibility to conduct a global trade transaction
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Determine whether a certain product can be imported into a certain country |
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Determine whether a country requires an import or export license for trade with certain products |
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Provide an accurate landed cost estimation |
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Pay correct duties, often reducing total Customs charges |
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Take advantage of preferential trade programs |
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How are Countries
Selected for Inclusion in Trade Wizards? |
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Management Dynamics carries out a detailed analysis of social, economical and political factors to determine the countries to be included in its solution. It looks at questions such as:
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What is the country's GDP? |
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Does the country have an infrastructure that supports E-Commerce? |
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What are the country's Exports and Imports? |
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What is the B2B and B2C activity? |
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How Many People are Involved in the Process of Content Gathering and Analysis? |
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Management Dynamics international trade analysts are responsible for gathering, analyzing and updating regulatory and tariff schedule information. Currently Management Dynamics Global Content Team in the United States has three main teams of analysts who work on the following regions:
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Americas (North, South and Central America) |
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Asia-Pacific (China, Japan, S. Korea, Taiwan, Hong Kong, Singapore, Malaysia, et al) |
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Europe and the Rest of the World (the EU countries, Russia, Australia, New Zealand, Saudi Arabia, Poland, Czech Republic, et al). |
A separate Global Content entity in Bangalore, India manages India, South Africa, and some other countries. Management Dynamics also liaises with over 170 In Country Content Providers (ICCP's) including Customs or other government agency experts, consultants, attorneys, and former Customs or government officials. |
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What Expertise do Management Dynamics Analysts have? |
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Management Dynamics global trade analysts are all educated in the field of international trade, economics, international relations, or law. Several have Master's degrees in a relevant field including five persons with law degrees. The company has a dedicated multi-cultural, multi-lingual staff, which includes natives from China, Korea, Japan, Thailand, Russia, Hungary, Brazil, India, the U.K., France, Sri Lanka, Bulgaria, Germany, Chile, Belgium, Peru, Venezuela, Mexico, Taiwan, and the U.S.A. Languages spoken include Chinese, Japanese, Korean, Spanish, Portuguese, Russian, Hungarian, German, Hindi, French, Bulgarian, Thai and Dutch. |
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What is the
Level of Detail? |
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We attempt to analyze the most pertinent import/export issues of every country we cover. We provide up to date HS information and import duties and taxes on over 100 countries. We also provide import and export controls information on over 35 countries whom we consider leaders in global trade. We realize that not EVERY intricacy of EVERY import/export scenario can be covered so we try to focus on the most important issues facing international companies in an e-commerce environment. Thus our level of detail is both broad and yet focused. |
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What Quality Checks Exist to Ensure Accuracy? |
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With regard to data collection an HS provided directly by a country's Customs bureau is deemed reliable if it is current. With regard to data interpretation there is a coordinated effort on the part of our In-Country Content Providers (ICCP's) and our country analysts to maintain a close check on the veracity and reliability of information. Our autonomous audit team verifies accuracy of data and its accurate transmission during all stages of our business process. |
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