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Fictiv Launches Innovative Tariff Management and Landed Cost Services

Fictiv, a leading name in global manufacturing and supply chain solutions, has unveiled exciting new services aimed at streamlining the import process. With the introduction of total landed cost pricing through Delivered Duty Paid (DDP) and Importer of Record (IoR) options, Fictiv is set to revolutionize the way businesses manage their imports.

Understanding the Need for Change

As global trade becomes increasingly complex, companies face the challenges of unexpected import bills and unforeseen fees, which can disrupt operations and inflate costs. Fictiv's new service offerings directly address these concerns, allowing customers to gain real-time visibility into their total landed costs. With more than a decade of experience in managing a global supply chain, Fictiv is uniquely positioned to provide these solutions that aim to de-risk financial and operational delays.

Key Features of Fictiv's New Offerings

The new services include several innovative features designed to improve the importing experience:

1. End Use Designation: Clients can specify the intended use of their products during the quoting process. This helps ensure that each quote is accurate, compliant, and efficient.

2. Landed Cost Calculation: Customers will now see the finalized cost for their products, encompassing all applicable duties, tariffs, taxes, and shipping fees. By acting as the IoR, Fictiv ensures lower total costs and mitigates customs clearance delays that could burden businesses managing imports on their own.

3. Lowest Landed Cost Advantage: Utilizing its extensive global supply network and established logistics partnerships, Fictiv enables customers to minimize overall costs while simplifying the import process. Businesses no longer need to juggle various service providers.

4. Importer Visibility Selection: For those who prefer greater control over their shipping and importation, Fictiv offers options to opt-out of DDP services, providing clients the flexibility to act as their own IoR with Ex Works (EXW) Incoterms.

With these features, Fictiv makes it clear that transparency is key. As articulated by Riley Reynolds, CEO of Rheam Medical, “Fictiv shows the full landed cost; it includes everything we can expect to pay up front. The transparency of selecting through those options makes a lot of sense and removes the guesswork.” Such sentiments reflect a growing appreciation among businesses for clear and predictable pricing structures.

A Step Forward in Digital Manufacturing

Dave Evans, Co-Founder and CEO of Fictiv, emphasized the company’s mission to simplify the sourcing of mechanical procurement. The new total landed cost pricing is a significant leap in digital manufacturing, providing the ability for customers to compare options in real-time. It ensures that operational complexities are mitigated, thereby driving better financial targets.

How to Access the New Services

Fictiv's new landed cost pricing options are now accessible to all customers when placing orders on their website. By providing a comprehensive solution for international shipping and customs management, Fictiv is committed to helping companies scale efficiently with reduced risk and complexity in their supply chains.

For more information about Fictiv’s latest offerings or to request a quote, visit www.fictiv.com. To learn more about international shipping with Fictiv, you can find additional resources on their site.

As part of the MISUMI Group, Fictiv continues to drive innovation in manufacturing and supply chain management, standing out as an essential partner in helping organizations navigate the complexities of global trade. With high-quality production capabilities in the United States, China, India, and Mexico, Fictiv supports businesses in transitioning from prototype to full-scale manufacturing rapidly and confidently, having delivered over 35 million parts to a diverse clientele.

In summary, Fictiv's launch of these new tariff management and landed cost services signifies an important development in how businesses approach and manage international supply chains. As challenges in global trade persist, such innovations will prove essential for those seeking to enhance efficiency and transparency in their operations.