Overseas Trade workflow
Overseas Trade (OT) workflow | |
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1. Purchase Order Entry | Place purchase order (PO) with overseas broker or vendor. |
2. PO Acknowledgment from vendor | PO Acknowledgment received from broker or vendor. |
3. OT Transaction Entry | Create tracking document and assign POs for each container on ship. |
4. OT Vessel Entry | Create vessel document for ship and assign tracking documents for each container. |
5. OT Vessel Entry OT Transaction Entry Estimated | Revised | Actual |
Maintain dates as shipment progresses, based on information from broker or vendor. Pay special attention to Arrival and Demurrage dates to avoid excessive charges. |
6. OT Transaction Entry | Specify additional addons for all port, container, tariff, and other charges. |
7. Purchase Receipt of Inventory Entry | Receive product. |
8. OT Transaction Entry | Unload and return container to port. Update Container Empty and Container Out dates. |
9. Vendor Invoice Center Entry | Cost the PO or apply any additional addons to PO. |
10. OT Admin Purge Tracking and Vessel Documents Report | Purge closed or inactive vessel and tracking documents on a regular basis. |