Navigating the Tariff Storm: 5 Steps To Calculate Impact on Costs
U.S. tariffs may be driving up costs, but are all your suppliers’ price hikes justified?
Procurement and supply chain teams need a clear method to cut through the noise, fact-check claims, and separate what’s valid from what isn’t.
GEP's newest white paper, Decoding Tariff Impact: A Step-by-Step Guide To Assess Exposure and Risk, lays out a practical five-step framework to evaluate tariff exposure, verify cost increases, and quantify the impact on landed costs.
It’s an essential resource for companies trying to control spend and reduce risk in a fast-changing, increasingly complex trade environment.
Why Read This Paper
Understanding Classifications and Codes
Learn how HTS codes, transaction value, COO and IOR impact tariff calculations
Import Cost Breakdown
Identify every component that contributes to total landed cost
Supplier Price Validation
Determine cost deltas and review vendor price increases
Managing Tariffs: Are Your Suppliers’ Price Hikes Justified? Find Out Now
About Us
GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.
Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.
A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters.
GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.
GEP SMART™ is an AI-powered, cloud-native software for direct and indirect procurement that offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
GEP NEXXE™ is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains.
Built on a foundation of big data, artificial intelligence and machine learning, GEP NEXXE is next-generation software that helps enterprises make supply chain a competitive advantage.