Purchasing
Sales Operations
Product Article Master
Logistics
Finance
- Accounts Payable
- Invoice verification & posting invoices
- Making payments to vendors & queries
- Goods receipt and invoice receipt clearance
- Analyze vendor open line items
- Overhead cost invoices
- MIRO Posting
- Accounts Recievables
- Scheduling a dunning run
- Settling customer payments & queries
- Self-billing of customer’s invoice
- Bank reconciliation
- Customer invoice clearance
- Sales Order Booking
- Daily Credit Run
- Releasing Green Orders
Market Research
Creation of tariff lists
Würth Business Services offers a wide range of the Logistics Support services to ensure a seamless experience of shipment delivery for companies within the Würth Group. We aim to accelerate logistical operations by assisting Logistics teams in executing various processes. We have a team of experienced and well-trained professionals who excel in handling non-core processes.
Among many processes, Creation of Tariff Lists is one of them. In this process, we provide a detailed information about each material such as price, net weight, and others for customs clearance. A tariff list is a part of shipping documents that facilitate the inspection process. Moreover, it plays an important role in occurrence of any unfortunate events such as shipment damage or accident.
Work Flow
WORK FLOW OF THE PROCESS
01. Receiving
Receiving documents such as invoice and packing lists from the suppliers in the Transport Management Information System (TMIS) portal
02. Enter
Enter the invoice orders in SAP and export data in excel format, which is a loading list of that particular invoice.
03. Create
Create a packing list in excel along with correct product names. Create a pivot table
04. Add
Add pallet costs and discounts if mentioned in the invoice
05. Upload
Upload the completed loading list in the TMIS portal
Benefits
Value-added
BENEFITS OF OUR CUSTOMERS
☞ Inspect the shipments thoroughly
☞ Check the shipment load to ensure shipment security and transport
☞ Beneficial in case of any unfortunate events such as an accident or damage to the shipment
Transition
TIME TAKEN FOR TRANSITION
Step 1
Analysis of requirements – 2 Weeks
Step 2
Documentation – 1 Week
Step 3
Transfer – 1 Week
Step 4
Step-by-step implementation – 2 Weeks
For more assistance in understanding the transition process, kindly get in touch with us at contact-wbs@wuerth-industrie.com
Case study:
Executing Creation of Tariff Lists for Efficient Customs Clearance
Introduction:
In the realm of international trade and shipping, accurate documentation is crucial for smooth customs clearance and effective risk management. Our customer, Würth Industrie Service GmbH & Co. KG, recognized the need for executing the Creation of Tariff Lists process. We executed this process by providing a detailed information about each material, including price and net weight, for customs clearance purposes. The tariff list serves as a vital component of shipping documents, facilitating inspection processes and playing a crucial role in the event of unfortunate incidents.
In the realm of international trade and shipping, accurate documentation is crucial for smooth customs clearance and effective risk management. Our customer, Würth Industrie Service GmbH & Co. KG, recognized the need for executing the Creation of Tariff Lists process. We executed this process by providing a detailed information about each material, including price and net weight, for customs clearance purposes. The tariff list serves as a vital component of shipping documents, facilitating inspection processes and playing a crucial role in the event of unfortunate incidents.
Problem:
Our customer faced challenges in efficiently creating accurate tariff lists to facilitate customs clearance and mitigate risks associated with shipping. Moreover, the customer needed to invest a lot of time in executing the process. Moreover, there were possibilities of potential errors in document creation, delays in customs procedures, and difficulties in addressing unforeseen events. This inefficiency hindered the company's ability to streamline international trade operations and manage potential risks effectively.
Solution:
Recognizing the need to enhance their Creation of Tariff Lists process, we adopted a systematic approach to improve document accuracy and streamline customs clearance. We implemented a meticulous process to compile accurate and detailed information for each article. This manual process involved gathering data related to prices, net weights, and other relevant attributes.
We utilized the Transport Management Information System (TMIS) portal to compile the data in a centralized portal. Upon compiling the required information, we manually created comprehensive tariff lists for customs clearance purposes. These lists provided essential data to facilitate efficient inspections and address potential incidents effectively.
Results:
The changes implemented in the manual Creation of Tariff Lists process led to significant improvements in customs clearance efficiency and risk management for Würth Industrie Service GmbH & Co. KG. The key results included:
1. Streamlined Customs Procedures: By employing a meticulous information compilation approach, the company achieved a reduction in customs clearance delays. Accurate and comprehensive tariff lists facilitated efficient inspections and reduced procedural bottlenecks.
2. Effective Risk Mitigation: The manual creation of detailed tariff lists played a significant role in effective risk management. In the event of unfortunate incidents such as shipment damage or accidents, the comprehensive tariff lists provided essential data to address challenges promptly.
3. Improved Trade Operations: With accurate and reliable tariff lists, our customer experienced an increase in trade operation efficiency. This improved international business interactions and strengthened relationships with partners.
4. Time Savings: Our approach led to significant time savings per month. We saved nearly 363 hours for our customer in a month. This saved time can be utilized for executing different core operations.
Conclusion:
The manual Creation of Tariff Lists led to accurate customs clearance and effective risk management in international trade. By implementing a meticulous information compilation and tariff list creation process, we successfully improved customs clearance efficiency, risk mitigation, and trade operation effectiveness. While automation was not involved, the results highlight the value of a well-executed Tariff List creation process in maintaining efficient trade operations and minimizing potential challenges.