Wednesday, 2 April 2014

Tips for a Flawless Global Supply Chain: Custom and Documentation

Part of operating a flawless global supply chain is managing customs and the implications it has on your shipments. If you don’t understand the whole customs process you’re bound to come against issues that cost you money and time. Therefore it’s essential that you:
  • Understand the government agencies that you’ll be dealing with for each of the countries you’re operating in. Most of the imports will be subject to requirements set out by the government agencies and they have different rules and regulations. Failing to comply with their regulations results in shipments being held until the requirement are met.
  • Correct and complete data is essential. Get to know the terminology for global trade and ensure all of your data is correct and adds up. If you provide the right information there is less chance of meeting problems when it comes to customs declaration.
  • Provide all the documentation required from each country and don’t rely on your service providers to print off the documentations and complete them for you as it will increase your costs.
  • Multi lingual talents in-house give you an advantage as documents in the important country’s language are beneficial when it comes to customs and government reviews and clearances. Using local currencies and units of measurements also save time and reduce the risks of currency errors.
  • Embrace technology and use electronic communication across the Internet. Your supply chain partners will be able to quickly and easily integrate your documents with their own systems reducing the risks that come with manual data entry and speeding up the entire process.
  • Confirm the receipt of documents to avoid problems of missing documents that could delay your shipments. It’s also essential to audit your documents and ensure that your brokers and partners are complying with your policies.
  • Take control of everything you can by creating your custom compliance procedures and communicating them with your employees and partners.

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