Vendor Customs Compliance Management Programs
Managing Your Supply Chain
Your company probably has a Carrier Management Program that documents your pickup & delivery requirements and outlines the financial and non-financial consequences for instances of program non-compliance.
You also most likely have a Vendor Management Program
that documents your product & master carton packaging & labelling requirements and outlines the financial and non-financial consequences for instances of program non-compliance.
However, do you have a Customs Compliance Vendor Management Program?
Or are you maximizing your current vendor management program to protect yourself from acts of customs non-compliance by your vendors?
Acts which could result in your company being charged with significant financial penalties and subjected to increased government audits by the local Customs Administration.
Program Benefits
Improved Vendor Contract Management
With our program, you will be able to minimize the risk that your vendors fail to maintain their customs-related contractual obligations.
Some common examples include Inaccurate and/or incomplete customs documentation, Child/Forced Labour declarations, and trade chain data.
Enhanced Vendor Performance Management
Our team will create and maintain a Customs Compliance Vendor Database where you can track, measure, & evaluate the customs compliance performance of your vendors.
Providing you with the ability to identify, isolate, and proactively correct your areas of potential customs non-compliance.
Generate Value for Multiple Stakeholders
Within Your Organization
Is your vendor advising you of a price increase, but has a history of increasing the work effort of your customs team in order to resolve issues associated with their products/shipments?
Additional work effort that drives up your internal costs?
If so, with our program, these costs can now be quantified and used:
- In your negotiations to offset your vendor price increases.
- To provide you with the ability to recover your lost revenue by billing back your vendors for your time.
- To function as a deterrent against potential future acts of customs non-compliance by your vendors.
Reporting and Visibility
Our interactive and customizable reporting provides you with full visibility and transparency to monitor our progress in real-time.
From communicating with internal customs compliance vendor management stakeholders, to assessing vendor risks to minimize repeat occurrences of customs non-compliance on future importations, your team will have the ability to provide us feedback, or to ask us any questions when it is convenient for you.
You can stay focused on your day-to-day activities while monitoring the progress of our work on your schedule.
The Dominion Commitment
We will be transparent.
Our team will collaborate with your team to identify & document the specific customs compliance requirements for your vendors and build the supporting infrastructure to execute & maintain the program on your behalf.
Once operational, this program can be transitioned over to your team if & when you determine the time is right for you.
You decide how you wish to proceed and what makes business sense for your organization.
Regardless of your decision, our team will support you to ensure your interests are protected.
