What is Global Trade Management in SAP LO-GT - Global Trade Management?

SAP Term: Global Trade Management

• Component: LO-GT

• Component Name: Global Trade Management

• Description: A solution that allows you to comprehensively run the logistics and financial settlement processes in trading businesses. It mainly consists of: Trading Contract Trading Execution Workbench Position Management Portfolio Management and Association Management Expense Settlement

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• Key Concepts: 
  Global Trade Management (GTM) is a component of the SAP Logistics (LO) module. It is designed to help companies manage their global trade operations, including import and export processes, customs compliance, and other related activities. GTM provides a comprehensive set of tools to help companies streamline their global trade operations and reduce costs. 
  
  How to use it: 
  GTM can be used to manage the entire global trade process, from order entry to shipment tracking. It provides features such as document management, customs compliance, and shipment tracking. It also provides tools for managing risk and compliance with international regulations. 
  
  Tips & Tricks: 
  When using GTM, it is important to ensure that all data is accurate and up-to-date. This will help ensure that all processes are compliant with international regulations and that shipments are tracked accurately. Additionally, it is important to ensure that all documents are properly filed and stored in order to avoid any potential issues with customs or other regulatory bodies. 
  
  Related Information: 
  GTM is part of the SAP Logistics (LO) module, which also includes components such as Warehouse Management (WM), Transportation Management (TM), and Extended Warehouse Management (EWM). Additionally, GTM can be integrated with other SAP modules such as Materials Management (MM) and Sales & Distribution (SD).