Oracle GTM (Global Trade Management)

1. Trade Compliance:

   • Compliance Automation: Oracle GTM helps automate compliance with global trade regulations and policies. It ensures that companies adhere to import and export regulations, manage restricted party screening, and maintain compliance documentation.

2. Document Management:

   • Documentation Automation: The system facilitates the creation, management, and retrieval of trade-related documents, including shipping documentation, customs declarations, and compliance reports.

3. Customs Management:

   • Customs Declarations: Oracle GTM assists in the creation and submission of customs declarations, helping organizations comply with customs regulations and requirements in various countries.

4. Product Classification:

   • Harmonized System (HS) Classification: The application supports the classification of products according to the Harmonized System, ensuring accurate determination of duties and taxes associated with international trade.

5. Restricted Party Screening:

   • Automated Screening: Oracle GTM includes features for automated screening of trading partners against various restricted party lists and government watchlists to ensure compliance with sanctions and embargoes.

6. Supply Chain Visibility:

   • Real-time Visibility: The system provides real-time visibility into the entire supply chain, allowing businesses to track the movement of goods, manage inventory levels, and optimize transportation routes.

7. Transportation Management:

   • Shipment Optimization: Oracle GTM includes transportation management capabilities to optimize the movement of goods, reduce transportation costs, and enhance overall logistics efficiency.

8. Event Management:

   • Alerts and Notifications: The application offers event management features to trigger alerts and notifications based on predefined events or milestones in the supply chain, enabling proactive management of exceptions.

9. Integration with ERP Systems:

   • Seamless Integration: Oracle GTM can integrate with other Oracle applications, including ERP (Enterprise Resource Planning) systems, to ensure seamless data flow and consistency across business processes.

10. Reporting and Analytics:

    • Performance Analytics: The system provides reporting and analytics tools to analyze global trade performance, monitor compliance metrics, and make data-driven decisions.

Before learning Oracle GTM (Global Trade Management), it's beneficial to have a foundation in certain skills and knowledge areas. Oracle GTM involves managing global trade operations, compliance, and supply chain activities, and acquiring relevant skills will contribute to a smoother learning experience. Here are key skills to consider:

1. Knowledge of Global Trade and Compliance:

   • Understanding of international trade concepts, regulations, and compliance requirements. Familiarity with customs processes, import/export regulations, and trade policies is crucial.

2. Supply Chain Management:

   • Knowledge of supply chain management principles, including logistics, transportation, and inventory management. Understanding the end-to-end supply chain process is essential for optimizing trade operations.

3. Logistics and Transportation:

   • Familiarity with logistics and transportation management, including knowledge of shipping modes, carriers, and freight optimization. This is important for effectively managing the movement of goods across borders.

4. Trade Documentation:

   • Understanding of trade-related documentation, including shipping documents, customs declarations, and compliance reports. Knowledge of document requirements for different trade scenarios is valuable.

5. Enterprise Resource Planning (ERP) Systems:

   • Familiarity with ERP systems, as Oracle GTM often integrates with these systems to ensure consistency in data across different business functions.

6. Database Management and SQL:

   • Basic knowledge of database management concepts and SQL (Structured Query Language). This is important for handling data within Oracle GTM and extracting relevant information for reporting.

7. Regulatory Compliance Awareness:

   • Awareness of regulatory compliance requirements in various regions and industries. Knowledge of trade sanctions, restricted party screening, and adherence to global trade laws is essential.

8. Analytical and Problem-Solving Skills:

   • Strong analytical skills to interpret trade data, identify patterns, and solve complex problems related to global trade management.

9. Communication Skills:

   • Effective communication skills to collaborate with cross-functional teams, stakeholders, and external partners involved in the global trade process.

10. Attention to Detail:

    • Attention to detail is crucial when dealing with trade documentation, compliance forms, and ensuring accuracy in data entry for customs declarations.

11. Technology and Software Knowledge:

    • Familiarity with technology and software used in trade management, including Oracle GTM. Basic understanding of how software solutions contribute to optimizing global trade operations.

12. Project Management:

    • Basic project management skills to oversee and coordinate global trade projects, ensuring they are completed on time and within scope.

13. Legal and Regulatory Knowledge:

    • Awareness of legal and regulatory frameworks impacting global trade. This includes staying informed about changes in trade laws and compliance requirements.

14. Customer Service Orientation:

    • Understanding the importance of customer service in global trade. This involves addressing customer inquiries, ensuring timely delivery, and managing customer expectations.

Learning Oracle GTM (Global Trade Management) equips individuals with a range of skills related to managing global trade operations, ensuring compliance with international regulations, and optimizing supply chain processes. Here are the skills you can gain by learning Oracle GTM:

1. Global Trade Compliance:

   • Understanding of global trade compliance requirements and the ability to navigate complex international trade regulations. This includes knowledge of customs procedures, import/export restrictions, and trade documentation.

2. Supply Chain Optimization:

   • Skills in optimizing supply chain operations, including transportation management, inventory visibility, and logistics efficiency. Oracle GTM provides tools for streamlining the movement of goods across borders.

3. Trade Documentation Management:

   • Proficiency in managing trade-related documentation, such as shipping documents, customs declarations, and compliance reports. Oracle GTM facilitates the automation and organization of documentation processes.

4. Customs Management:

   • Knowledge and skills related to customs management, including customs declarations, duty determination, and adherence to customs regulations. Oracle GTM assists in complying with customs requirements.

5. Product Classification:

   • Understanding and expertise in product classification according to the Harmonized System (HS) for accurate duty determination. Oracle GTM helps businesses classify products appropriately.

6. Restricted Party Screening:

   • Skills in conducting automated screening of trading partners against restricted party lists and government watchlists. Oracle GTM helps identify and manage interactions with restricted entities.

7. Integration with ERP Systems:

   • Proficiency in integrating Oracle GTM with Enterprise Resource Planning (ERP) systems for seamless data flow across business functions. This includes data consistency and streamlined processes.

8. Real-Time Supply Chain Visibility:

   • Ability to leverage Oracle GTM for real-time visibility into the supply chain. This includes tracking the movement of goods, monitoring inventory levels, and responding proactively to disruptions.

9. Transportation Management:

   • Skills in using Oracle GTM for transportation management, optimizing shipping routes, and reducing transportation costs. This involves coordinating and managing shipments effectively.

10. Event Management:

    • Proficiency in event management within Oracle GTM, setting up alerts and notifications for specific events or milestones in the global trade process. This enables proactive management of exceptions.

11. Reporting and Analytics:

    • Ability to use Oracle GTM's reporting and analytics tools to analyze trade performance, monitor compliance metrics, and make informed decisions based on data insights.

12. Collaboration and Communication:

    • Effective collaboration skills to work with cross-functional teams, stakeholders, and external partners involved in global trade. Clear communication is essential for successful trade operations.

13. Problem-Solving and Decision-Making:

    • Skills in problem-solving and making informed decisions based on real-time information and analytics provided by Oracle GTM. This includes addressing compliance issues and optimizing trade processes.

14. Customer Service in Global Trade:

    • Understanding the importance of customer service in global trade. Oracle GTM users gain skills related to addressing customer inquiries, ensuring timely delivery, and managing customer expectations.