Sample Extended Value Formulas Available for Qualification

This feature provides sample formulas which help to simplify the configuration of trade agreement qualification. Once you download the rules of origin data from Descartes, you need to assign two formulas to your trade agreements so that GTM can calculate the extended value of the finished good and of each component. The results are used by the qualification engine to determine if your finished good qualifies for a trade agreement.

For this enhancement, GTM ships with two sample formulas: EXTENDED VALUE and COMPONENT EXTENDED VALUE. If these formulas align with the needs of your business, you can assign them as reference numbers on your trade agreement so that GTM will use them during qualification. For visibility purposes, you can also assign them in the Dependent Formulae grid so that you can see the details of the formula.

Sample formulas provided for: EXTENDED VALUE and COMPONENT EXTENDED VALUE

You must have the following reference numbers specified on the trade agreement for trade agreement qualification to work properly. You can use the out of the box formulas or create your own at Master Data > Power Data > Configurations > Formula Expressions.

  • A Reference Number Qualifier of RVC METHOD1-EXTENDED VALUE FORMULA with the corresponding extended value formula.
  • A Reference Number Qualifier of RVC METHOD1-COMPONENT EXTENDED VALUE FORMULA with the corresponding extended value formula.

Business Benefit

This feature provides sample data that helps reduce implementation effort, reducing cost and effort to implement trade agreements capabilities.

Steps to Enable

You don't need to do anything to enable this feature.

Key Resources

  • For more information on qualification, please refer to the GTM How To/Configuration Topic called 'Trade Agreement Qualification' in help.