The power and automation technology company ABB Group has expanded its use of Amber Road for global trade management solutions, the software company said this week.
The new contract expands an existing relationship between Amber Road and ABB Switzerland into a global rollout, designed to optimize landed cost analysis and sourcing decisions for ABB businesses around the world. The contract also includes a worldwide subscription to provision ABB Group with a centralized repository for harmonized schedule (HS) classification, and import and export controls. The global implementation of the Amber Road solution is expected to go live during the first quarter of 2014.
ABB is involved in an ongoing drive to centralize its worldwide supply chain and logistics operations.
“As part of this, it became apparent that it needed to centralize key capabilities related to global trade,” Amber Road said. “Historically, each subsidiary and business handled its own trade functions, which resulted in products often classified differently among the various companies. Such discrepancies exposed ABB companies to the risk of higher duties and taxes and inhibited their ability to leverage preferential programs such as free trade agreements.”