The value of an external perspective for your import-export department
- September 28, 2017
- Posted by: admin
- Category: Compliance, Custom Trade
At some point in their professional career, Import-Export, Supply Chain, and Finance managers face the decision of whether to hire consulting or audit services for their Import-Export operations. Decisions are commonly taken based upon responses to specific questions, like:
- What have been our fines to date due to non-compliance?
- Can we address current non-compliance notifications received from customs authorities internally?
- What is the financial investment required to bring in this type of service?
- Why bringing in someone from outside if the company already has an Import-Export Department?
- How will I know the level of knowledge and expertise that the Import-Export staff has?
Even though the above factors are valid concerns, none of them show the fundamental reasons as to why securing an external perspective is a key strategic move.
Let’s face it, a critical factor to consider when embarking on a project is whether existing resources have the time to take a new project and still maintain their regular assigned duties.
Consulting firms can bring different perspectives because of their cross-industry experience. In dealing with a variety of customers and scenarios, consultants are empowered with the knowledge of what really works, what doesn´t, and they can complete the project in a fraction of the time it would take a company to do it internally.
There is also objectivity, which helps to elaborate a more professional analysis in its findings, action plans, and recommendations. Even the best Import-Export departments from companies of all sizes, use consulting firms to avoid developing bad habits that organizations can build up over time.
Implementing a preventive approach to customs compliance, not a reactive one. Our firm has seen firsthand that prevention brings greater benefits, savings, and a better path for sustained growth in the medium and long-term.
When a consulting firm makes a risk assessment of the Import-Export department, it provides the customer with valuable insight that would otherwise not be known.
CIC is the leading Consulting and Audit firm in Trade and Customs Services matters for your Mexico operations.