The demands of today’s consumers are rapidly changing. The growing appeal for choice simply means that stock taking units are increasing while the amounts of orders are diminishing. As a result, there is an increased daily operation time needed to meet these demands. This can reduce the ability of many warehouse facilities to keep up with their operation efficiency and the overall productivity of their warehouse services. However, there are several ways that a bonded can help you ensure that your services exceed your clients’ expectations.
What Is A Bonded Warehouse?
A bonded warehouse simply refers to a secure store or space where items that are liable to import duty or VAT are stored. VAT and duty payments are deferred till the items are sold or removed from the warehouse.
This type of warehouse service has a number of benefits to a seller who import or sell items that are liable to the above mentioned charges:
• Customized Services: Instead of complete end-to-end services that are favored by some warehouse services, bonded warehouse service can offer you customized services that can be broken down into a number of categories such as distribution, order fulfillment, unloading, inventory management, freight consolidation, and packing and assembly. In other words, you only pay for the services that you need.
• Certainty of supply: These types of professional warehouse services allow you to import and store goods in advance of peak season so that they are available for order fulfillment without any delays boosting your customer service.
• Top-notch storage services: bonded warehousing services are famed for their capability to store a wide range of products, including temperature-sensitive products. Most bonded warehouse services are equipped to manage exports and imports globally.
• Deferred payments imply that you don’t need to pay any tax until your items are sold, which improves your cash flow.
• If you plan to export goods, you won’t pay any duty in your home country but the destination country. This can help you avoid double payment of duty, which translates to huge savings on costs of doing business.
• Other important services that bonded warehouses provide include onward transportation when goods are sold and VAT/duty paid and inward and outward custom documentations.
Final Thoughts
If you want a warehouse services Texas Company that can help you save money, improve your cash flow, and meet the expectation of your clients, a bonded warehouse is the best bet. Most of them will help you complete the necessary documentation and have your items delivered to your clients in a seamless manner.
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