A tier one automotive supplier was looking for opportunities to reduce its import duty.
What we did
We improved their process through the following steps:
- Categorized and prioritized savings opportunities
- Implemented a NAFTA averaging process that increased the number of eligible products
- Identified and worked with their brokers to fix part number errors
- Instituted ongoing KPIs to identify and correct small problems before escalation
The company was able to increase their use of free trade agreements by 10%.
How can STTAS help you
Even if NAFTA or other trade agreements are already a large part of your supply chain, there may be more duty savings that are slipping through the cracks of imperfect processes. We can review your processes, identify gaps and work with you to close them and increase your savings.