Combat Margin Erosion in Five Steps - Part Two: Governance & Risk Prevention


Posted December 6, 2018 by managementtoplogistics

For more details :- Logistics Consultant Dubai, Risk Prevention, airfreight, ocean freight, Seafreight

 
Now that you have defined a sales strategy/positioning for sustainable margins, you need to ensure you have no leaks in your bucket. Learn how to prevent one-offs, such as fines and penalties, and protect yourself (and your profit margins).
Customer Contract Management
You need to ensure that the majority of your business is executed against limited liability contracts and that your limited liability is covered through relevant insurance policies.
When it comes to claims management, you want to ensure that you limit commercial settlements. Instead, settle according to your limited liability terms (usually international conventions).
Regulatory Requirements
You should avoid fines from late tax/VAT reporting and comply with audit requirements as well as local labour laws. Ensure you fully understand and are compliant with the requirements of establishing or liquidating legal entities in other geographies.
Compliance
Ensure you are compliant with local legislation, and when dealing with multinational clients, compliance with FCPA and UK Bribery Act is an absolute must. Non-compliance in this area cannot only lead to your organization’s termination, but you might be prosecuted personally.
Trade Compliance
Since logistics providers facilitate global trade, it is equally important to be compliant with EU and US Denied Party Lists, as well as FMC regulations, should you operate as a NVOCC.
Ingo is the founder and managing director of toplogisticsmanagement.com. He is a logistics and supply chain professional with close to 25 years of industry experience. Ingo held senior executive roles for top global logistics providers both in Europe and the Middle East & Africa Region.
During his career he successfully turned around various businesses and established sustainable growth strategies. He won several awards for best performing country organizations or business units.
Our Expertise
• Profitability & Productivity Improvement
• Offshoring & Deployment of RPA (Robotics Process Automation)
• Claims Prevention & Claims Management
• P & L Transparency & Budgeting
• Performance & Change Management
• Business Development
• Value Proposition & Positioning
• Strategic Planning & Leadership
• Procedure & Process Design
• Sales Direction & Planning
• Operational Excellence
• Development of Reporting Systems & Management Tools
• Compliance & Risk Management
• Customer Contract Management & Limited Liability Contracts
• ISO & OHSAS Implementation
Our Goal
Make your business more successful and ultimately increase your profitability!
Why Us?
During his career Ingo had to turn logistics business around quickly and established them successfully as fast growing and highly profitable organizations.
He has been in your shoes before and can therefore analyze the status quo and present the right solutions quickly.
For more details on our products and services, please feel free to visit us at Logistics Consultant Dubai, Risk Prevention, airfreight, ocean freight, Seafreight

Website :- https://www.toplogisticsmanagement.com/

tel:-971504471310
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Issued By managementtoplogistics
Country United States
Categories Business
Tags airfreight , logistics consultant dubai , ocean freight , risk prevention , seafreight
Last Updated December 6, 2018