What is Foreign Trade Management in SAP AP-CUS - SCM-Customs Processing?

SAP Term: Foreign Trade Management

• Component: AP-CUS

• Component Name: SCM-Customs Processing

• Description: The management of foreign trade activities, that is, activities related to the import and export of goods and services between customs territories, especially the declaration of international goods movements to customs and statistical authorities.

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• Key Concepts: 
  Foreign Trade Management (FTM) is a component of SAP's Supply Chain Management (SCM) suite of applications. It is designed to help companies manage their international trade activities, including customs processing, export and import compliance, and other related tasks. FTM enables companies to streamline their international trade operations and reduce costs associated with managing foreign trade. 
  
  How to use it: 
  FTM provides a comprehensive set of tools for managing international trade activities. It includes features such as customs processing, export and import compliance, and other related tasks. It also provides tools for tracking shipments, managing documents, and monitoring the status of shipments. Additionally, FTM can be integrated with other SAP applications such as ERP and SCM to provide a comprehensive view of the entire supply chain. 
  
  Tips & Tricks: 
  When using FTM, it is important to ensure that all documents are up-to-date and accurate. Additionally, it is important to ensure that all data is entered correctly into the system in order to avoid any potential errors or delays in processing. Finally, it is important to regularly review the system to ensure that all processes are running smoothly. 
  
  Related Information: 
  For more information on FTM, please visit the SAP website at https://www.sap.com/products/supply-chain-management/foreign-trade-management.html. Additionally, there are many resources available online that provide detailed information on how to use FTM and best practices for managing international trade activities.