What are the critical success factors for using documentation?
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Using the correct documents and ensuring they are accurate
Having the documents on time (often required in advance)
Must establish the "importer of record" for accountability purposes
Know the definition of global manufacturing.
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The production of goods for sale in countries outside the home market of
organization
,Know what bonded warehouses and foreign trade zones are.
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Bonded warehouse: allows the importer to postpone the release of the
goods
Duties are unpaid and in joint custody of the importer and the customs
officers
Goods can be cleaned, sorted, repacked, or manipulated
Goods cannot be remanufactured
If duty is not paid the goods will be exported, and if duty is paid the goods
can be imported
Foreign trade zone: sites in or near a customs port of entry where foreign
and domestic goods are held until they are ready for release
No time limit
Some goods are exempt for inventory taxes
Some quota restrictions do not apply
Know the seven secrets for navigating international markets.
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Decide how deep your involvement should be
Decide how you will be paid
Check US export controls
Protect your trademark
Know international contract laws
Respect cultural differences
Secure free US government services
Insurance Certificate
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Assures the coverage of loss or damage to the freight during transit
What are the three customs release methods?
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Border cargo selectivity
Pre-arrival processing system (PAPS)
Line release
What is the impact of global sourcing on communication, visibility, labor cost,
freight movement, and lead time.
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Communication: difficult with heavy paperwork
Visibility: more challenging to maintain
Labor Costs: cheaper but rising
Freight Movement: more expensive with more risks
Lead Time: more uncertainty with a longer lead time
Know the eight goals of technology and their definitions.
Give this one a try later!
Give this one a try later!
Using the correct documents and ensuring they are accurate
Having the documents on time (often required in advance)
Must establish the "importer of record" for accountability purposes
Know the definition of global manufacturing.
Give this one a try later!
The production of goods for sale in countries outside the home market of
organization
,Know what bonded warehouses and foreign trade zones are.
Give this one a try later!
Bonded warehouse: allows the importer to postpone the release of the
goods
Duties are unpaid and in joint custody of the importer and the customs
officers
Goods can be cleaned, sorted, repacked, or manipulated
Goods cannot be remanufactured
If duty is not paid the goods will be exported, and if duty is paid the goods
can be imported
Foreign trade zone: sites in or near a customs port of entry where foreign
and domestic goods are held until they are ready for release
No time limit
Some goods are exempt for inventory taxes
Some quota restrictions do not apply
Know the seven secrets for navigating international markets.
Give this one a try later!
Decide how deep your involvement should be
Decide how you will be paid
Check US export controls
Protect your trademark
Know international contract laws
Respect cultural differences
Secure free US government services
Insurance Certificate
, Give this one a try later!
Assures the coverage of loss or damage to the freight during transit
What are the three customs release methods?
Give this one a try later!
Border cargo selectivity
Pre-arrival processing system (PAPS)
Line release
What is the impact of global sourcing on communication, visibility, labor cost,
freight movement, and lead time.
Give this one a try later!
Communication: difficult with heavy paperwork
Visibility: more challenging to maintain
Labor Costs: cheaper but rising
Freight Movement: more expensive with more risks
Lead Time: more uncertainty with a longer lead time
Know the eight goals of technology and their definitions.
Give this one a try later!
