A Comprehensive Guide to Enhance Efficiency and Reduce Costs

11 Jun 2024

The global marketplace presents a dynamic landscape filled with both challenges and opportunities. To thrive amidst this complexity, businesses require a solid strategy. This strategy should cover essential aspects such as Cost Management, Visibility, Compliance, Performance Management, and Systems Support. In this article, we will explore these key areas in depth, offering valuable insights to elevate your international trade practices.


Cost Management: Ensuring a Low-Cost Environment

International freight rates often become the primary focus of negotiation in global trade. However, numerous other variables directly impact the costs incurred by your business. It's crucial to develop a comprehensive strategy that ensures a low-cost environment from purchase to delivery. This strategy must include a mechanism for measuring forecasted versus actual costs and a regular review process to assess its effectiveness.

Are all unnecessary costs removed from your international supply chain? If not, it's time to take a closer look and identify areas where you can cut costs without compromising the quality or efficiency of your operations.

Visibility: Ensuring Access to Information

Regardless of your business size, there are likely internal and external stakeholders directly involved in your supply chain. Internally, this ranges from finance to your warehouse. Externally, there are other parties such as your freight forwarder, customs broker, and transport company.

A misalignment of information between these parties can lead to increased risk, high administration costs, and unreliable data. So, how can you ensure that information is visible both internally and externally? The answer lies in leveraging your data to improve accuracy on forecasting activities and ensuring all parties have access to the same, accurate information.

Compliance: Minimizing Risks

On-time and accurate documentation, coupled with the alignment of information, are the mainstays of achieving on-time customs clearance. Maintaining a low compliance risk profile is essential to minimize the incidence of penalties or overpayment of duties and taxes.

To manage your compliance risk confidently, it's necessary to monitor the accuracy of the compliance declarations made by your customs broker. Additionally, you should have mechanisms in place to identify and respond to areas of non-compliance swiftly and effectively.

Performance Management: The Key to Improvement

A high-performing supply chain should be measurable and benchmarked to ensure continual improvement and cost reduction. Do you measure performance in your supply chain? If so, how do you capture this information, and is it aligned with your provider KPI’s? These are critical questions that need answers to ensure that your supply chain is performing at its best.

Systems Support: Facilitating Efficient Processes

Effective and efficient supply chain management comprises operational tasks, performance measurement, cost management, and exception reporting. To achieve more with less, it's crucial to have a system that can seamlessly adapt to dynamic environments.

Consider how frequently you need to gather and modify information for use. Identify any manual processes or tasks left undone due to resource constraints. The answers to these questions will offer a concise evaluation of your software's effectiveness.

In conclusion, the challenges of global trade require a comprehensive strategy that encompasses all aspects of supply chain management. Through effective cost management, enhanced visibility, rigorous compliance, performance management, and efficient systems support, businesses can navigate the complexities of the international marketplace successfully.

For more information, visit our website BSM Global or reach out to us at enquiries@buysellmove.com We're here to help you enhance your global trade practices and achieve your business objectives.

BSM Global’s Successful Participation at ISRI 2024: A Recap

30 Apr 2024

Transforming Recycling Export and Trading with Innovation and Expertise

BSM Global is excited to share the success of our recent participation in the ISRI 2024 convention! As a leading name in the recycling export and trading industry, we were thrilled to connect with industry professionals, showcase our innovative solutions, and explore the future of recycling and trading.

Booth 1227: A Hub of Innovation

Our booth at ISRI 2024 was a bustling center of activity, attracting attendees from various sectors of the recycling and trading industry. Visitors had the opportunity to learn first hand about our cutting-edge Trade Management Systems, designed to streamline trade operations and mitigate risks. We also highlighted our commitment to operational agility through our process improvement models, catering to businesses of all sizes, from SMEs to global giants.

One of the highlights of our booth was the demonstration of our Documentation, Reporting, Container and Pack Management solutions. Attendees learned about the interaction of our tools, which ensure that yards are packed and containers are in transit to the port in the most efficient manner possible.

What Sets BSM Global Apart?

  • Innovative Trade Management Systems: Our state-of-the-art systems are designed to add value to your business by streamlining trade operations and mitigating risks.

  • Operational Agility: We understand the importance of staying ahead in the competitive market. Our process improvement models ensure operational agility, helping businesses adapt and thrive.

  • Efficient Documentation, Reporting, Container and Pack Management: Experience the automation of our various features, optimizing your operations and enhancing efficiency.

Connecting with Industry Leaders

ISRI 2024 provided us with a fantastic platform to connect with industry leaders, exchange insights, and discuss the challenges and opportunities in the recycling export and trading industry. We were honored to engage in meaningful conversations and explore how BSM Global can implement customized solutions to meet the unique needs of each business, whether they are first-time traders or seasoned global players.

Looking Ahead

We are grateful for the overwhelming response and positive feedback we received at ISRI 2024. The event was a resounding success, and we are more committed than ever to continue empowering businesses with innovative solutions that drive growth and success in the recycling export and trading industry.

Get in Touch

Missed us at ISRI 2024? No worries! For more information about our innovative trade management systems and customized solutions, visit our website at www.buysellmove.com or reach out to us at enquiries@buysellmove.com 

Thank you for your continued support and partnership. We look forward to connecting with you soon!

OneStop and BSM Global: Celebrating 15 years of Transformative Partnership

19 Feb 2024

OneStop is thrilled to commemorate over 15 years of collaboration with BSM Global,
marking a significant milestone in our shared commitment to revolutionise the supply
chain through innovation and efficiency.

Since the inception of our partnership, OneStop and BSM Global have been united by
a common vision – to enhance visibility and streamline operations across the supply
chain landscape. Through relentless dedication and focus on cutting-edge solutions,
we have jointly achieved remarkable milestones, setting new standards in the industry.

“Data integrations stand as cornerstone strategies within OneStop’s repertoire,
empowering us to fortify Australia’s competitive trade landscape,” says Chris Harnett,
Chief Commercial Officer at OneStop. “By seamlessly integrating with industry
leaders like BSM Global, we harness the power of data to forge invaluable operational
insights, propelling businesses toward heightened efficiency and unparalleled

Our collaboration has empowered the BSM Global network to seamlessly transmit
over 1,500,000 Pre-Receival Advice (PRA) messages electronically, leveraging our
pioneering PRA messaging service. This achievement highlights the tangible impact of
our partnership in driving digital transformation and operational excellence.

In a testament to our collective success, in 2022, an impressive 21% of all Australian
export containers were processed through our interconnected systems, highlighting
the pivotal role played by OneStop and BSM Global in facilitating smooth and efficient
trade operations.

“Our long-established connection with OneStop compliments our commitment to
customers to drive efficiencies within their business through digitisation,” says Jason
Flemming, Managing Director at BSM Global. “Thanks to the seamless automation of
PRA’s and Container Events from OneStop, a process that would traditionally require
significant resources has been dramatically simplified.”

As we celebrate this significant anniversary, we reaffirm our unwavering commitment
to continue pushing boundaries, driving innovation, and delivering unparalleled value
and visibility to our customers and the industry at large.

For media inquiries and further information, please contact:

Kaylee Salzke
Senior Sales and Marketing Executive, OneStop.
E. ksalzke@1-stop.biz

Jason Flemming
Managing Director, BSM Global
E. jason.flemming@buysellmove.com