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DM Short Presentation WIM - Optimizing Customs Suspense Procedures
Warehouse Inventory Management (WIM) Training
Optimizing Customs Warehousing Operations for Efficiency
By Ernie Boland
What is WIM?
The Warehouse Inventory Management Module
What is WIM?
A system designed to help warehouse operators and Customs track, manage, and process goods moving in and out of warehouses more efficiently.
The Purpose
Why was WIM introduced?
To Streamline the tracking, movement and clearance of goods in bonded warehouses.
To reduce manual work, improve accuracy and ensure better oversight of operations.
How WIM Works
1 - Assess SAD
2 - Submit Inward Inventory
3 - Create Inventory products
4 - Submit Inventory Movement
5 - Customs approval *
6 - Submit Clearance processor
7 - Assess exit declaration
8 - Compliance verification
Key Functional Areas
Inventory Tracking
Movement Processing
Stock Management
Better
Inventory Tracking
Tracking
WIM keeps records of all warehouse stock, showing available quantities at any time
Movement Processing
Movement
Operators can create movement documents for goods leaving the warehouse, ensuring compliance with Customs procedures.
Stock Management
Management
WIM automatically updates stock levels based on warehouse movements, eliminating manual errors.
Key Changes
Key Changes
Better Product Management
- Inward Inventory manages products entering the warehouse.
Simplified Process
For Warehouse Exits & Transfers → Inventory Movement document standardizes and simplifies goods exiting the warehouse or being transferred.
Automatic Assessment
Faster Processing of Exit Declarations → Clearance Processor ensures automatic assessment, speeding up warehouse exits.
Improved Compliance & Stock Visibility
Compliance verification improves visibility of stock movements and ensures accurate records.
Improved Compliance
Better Product Tracking
Product Tracking
Search for products using a finder instead of remembering declaration reference numbers (C-numbers); track by product description, product ID, or C-number if preferred.
Benefits
of the
WAREHOUSING INVENTORY MANAGEMENT
module
Reduce Brokerage Costs
Operators can process exit declarations independently, reducing costs.