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| Home » The Challenge |
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| Complex And Cumbersome Current Exporting Process |
International trade is complex and difficult to manage. It involves a number of
documents, permits, approvals and co-operation of trading partners and
associated service providers as illustrated below to move goods and documents
from the exporter to the importer.
"According to studies completed by the Asia Pacific Economic
Cooperation (APEC) forum, the average international transaction involves 27-30
different parties, 40 documents, 200 data elements (30 of which are repeated at
least 30 times) and the re-keying of 60-70% of all data at least once.
Obtaining the necessary permits for import and export can take weeks in some
cases."
| Some of the partners involved in export supply chain process include: |
| Some of the Documents involved in International Trade include: |
Most of the export documentation is currently paper-based which results in
significant impediments to the efficiency of the overall export process.
| Some of these impediments are: |
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Consignment data
is faxed and re-keyed at many points along the supply chain |
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There is a high
volume of repeated, manual processing |
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There is a high
error rate in transport documentation |
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There is a low
first-time Letter of Credit matching with charges and cash flow implications |
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Courier costs are
high - particularly for regional exporters |
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There are often
long lead times on documentation, and |
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Physical
shipments are impeded by slow and inaccurate data transfer. |
The compliance requirements of both the export and import countries involving
differing terminology, documents and procedures makes the process time
consuming, complex and prone to errors.
It is clear that the export community needs a system to streamline the export
logistics, documentation and compliance process which reduces this complexity. |
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ImpexDocs
38 Eastview Avenue
North Ryde NSW 2113
Tel: +61 (0)2 9888 1020
Fax: +61 (0)2 9888 1127
info@impexdocs.com.au |
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