How can a forecasted major profit margin on imported bicycles end up as a steep loss that leads to bankruptcy? The short answer may be that it’s due to a lack of knowledge and inadequate processes with respect to the classification of goods. Let pain become gain by conducting an annual review of your commodity codes to avoid unnecessary costs. With a life cycle management approach, you’ll keep up with the changes in commodity codes and gain a competitive edge in your market.

Read our article and learn what you can gain by revising your commodity codes regularly