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ISF 102: How to Make it Add Up for You

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ISF 102: How to Make it Add Up for You

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    1. ISF 10+2: How to Make it Add Up for You

    5. ISF 10+2: How to make it add up for you? This is the Third Webinar we have hosted on 10+2. In the first two webinars we provided a detailed overview of the specific data required In this Webinar we will be providing a higher level corporate overview of what 10+2 means to the Import Community. After the Overview we will be hosting a question and answer panel with Kevin & Matt time permitting

    6. Filer (CHBs or Importers of Record) Must: 1. Know the Regulation 2. Identify a Software Solution 3 Determine the enterprise-wide data requirements 4. Enable the Importer of Record to Participate 5. Provide Professional Consulting

    7. Tasks for Success Prepare to be an Expert Be a solution for your customers or your company Educate your customer/company by explaining how to organize their supply chain data to line up with ISF 10 + 2 Position yourself as the solution provider Deliver

    8. ISF 10+2: How to make it add up for you? For maritime cargo that is destined to a U.S. port, the data elements listed on the next slide will be required to be transmitted 24 hours prior to loading the U.S. bound vessel This portion of the Security Filing will be required to be transmitted by the importer or its designated agent. Three methods will be supported. 1. ISF from the Importer or Record or Designated Agent 2. Combined Customs Entry and Security Filing Through the Broker 3. In bond Types IE, TE and IT will be supported through Ocean AMS as well as Freight Remaining on Board. These data elements are critical for CHBs/Importers of Record to supply CBP with the required information

    9. The following 10 data elements were selected

    10. Details 1 - 4

    11. Details 5 - 7

    12. Details 8 - 10

    13. Advantages Provide a globally accessible web application Provide a Parts Database Manage the Supply Chain Parties Integrate with Ocean AMS where required Include an EDI upload interface to importers of record Deliver a highly integrated system with EDI feed to CHB Platforms Closing the Loop on International Trade and turning the Black Hole into Inventory

    14. ISF 10+2 Workflow Overview

    15. 10 + 2 Next Steps Now is the time to prepare for 10+2 Start using it now Available branding with your name and logo Getting started and training Reduced Data Entry Enhanced Data Visibility

    16. 10+2 Readiness Its strategic, not tactical Matt Gersper Founder and President Global Data Mining Its Strategic, Not Tactical

    17. There are three kinds of companies as it relates to ISF 10+2 readiness

    18. There are three kinds of companies as it relates to ISF 10+2 readiness

    19. 10+2 Readiness Its strategic, not tactical Introduction Why is it important to you? Its Strategic, not Tactical 10+2 Readiness Create your strategy now!

    20. Why is it important to you?

    21. 10+2 Readiness Its strategic, not tactical Introduction Why is it important to you? Its Strategic, not Tactical 10+2 Readiness Create your strategy now!

    22. Its Strategic, Not Tactical Its a change in the corporate business processes, and its beyond the scope of the trade compliance professional Do you know who actual manufacturers of every item you purchase Every part must be linked with a fully qualified Commodity HTSUS number. You need to know that all the relevant data including items such as the container stuffing location were submitted. You need a method to insure that your data has been submitted to Customs for every manufacture on a shipment along with the associated AMS data.

    23. Collaboration and Cooperation

    24. Its Strategic, Not Tactical

    25. Business Process Re-Design

    26. Data Strategy What data is required? What data currently exists? Who owns the different data elements? Where does the data reside today? In what format? Where should the data reside for the future solution? How will it be validated? How will it be integrated? How will it be updated?

    27. Collaborative Assessment Assemble the team Recommend targeted strategies to achieve 10+2 objectives Identify required Resources Internal External Quantify Costs Quantify Opportunities Prepare ROI

    28. Project Strategy

    29. Executive Presentation Prepare and deliver an executive presentation With an ROI analysis for recommended projects Define opportunities identified Define baseline and expectations of improvement.

    30. 10+2 Readiness Its strategic, not tactical Introduction Why is it important to you? Its Strategic, not Tactical 10+2 Readiness Create your strategy now!

    31. Bringing the Data Together

    32. ISF 10+2 Integration with Existing Systems

    33. 10+2 Readiness Its strategic, not tactical Introduction Why is it important to you? Its Strategic, not Tactical 10+2 Readiness Create your strategy now!

    34. Create Your Strategy Now!

    35. Create Your Strategy Now!

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