It's time to optimize your business efficiency with descriptive material standardization and tax classification!
Count on 4MDG to optimize your business processes, enhance data governance, and maximize efficiency. Establish a consistent and precise structure for product descriptions, ensuring that all data is easily understood by your internal team, business partners, and most importantly, your customers. Have the correct application of tax classification and ensure your products comply with regulations and tax standards.
Apply the best methodology for descriptive standardization of materials/products with 4MDG!
Descriptive standardization of materials or products is essential to provide clear, consistent, and accurate information about products. This practice ensures clarity in internal and external understanding, uniformity in descriptions, agility in material search and selection, compatibility between systems, and supports informed decisions. Descriptive standardization brings benefits such as efficiency, informed decision-making, and optimization of material management processes.
Overcome the complexity of tax classification with the strategic partnership between your company and 4MDG!
Tax classification is the assignment of specific codes to products based on standardized nomenclature. Its importance is related to compliance with tax obligations, legal compliance, facilitation of international trade, inventory control, data analysis, and standardization in communication. Tax classification ensures the correct calculation of taxes, avoids legal issues, streamlines business operations, provides consistent data, and facilitates communication among stakeholders.
How we solve your material registration problems!
A good material registration, besides providing intangible benefits such as improvement in governance, generation of business insights, and compliance with government regulations, can also reduce your company's costs.
According to the 2020 Global Data Management Report, 85% of companies claim that they see data as the most valuable asset for their business.
Having a complete, coherent, and intact registration increases organizational productivity.
In general terms, PDM (Descriptive Material Standardization) allows your registration to be organized practically and coherently. The goal is to create consistent material descriptions based on pre-established rules, eliminating duplications.
Using a previously established structure of characteristics and values, new descriptions are formed based on rules, leaving no room for the use of unforeseen terms.
During this process, it is also common to review the NCM classification of your products, avoiding incorrect payment of taxes.
Before
Rubber Ring 4.55 x 2
After →
- Ring 0
- EPDM
- 70SHA
- 4.5 x 2mm
After →
- Ring 0
- Material: EPDM rubber
- Hardness: 70 SHA
- Internal Diameter: 4.5 mm
- Section Diameter: 2 mm
After ↴
- Ring 0
- Material: EPDM rubber
- Hardness: 70 SHA
- Internal Diameter: 4.5 mm
- Section Diameter: 2 mm
- Manufacturer reference: Vedabras-0010555
NCM> 4016.93.00 – Rubber and its works – Other works of vulcanized, non-hardened rubber – Others: Joints, gaskets, and similar
Discover what's included in our descriptive standardization
- Creation of standardized long and short descriptions
- Delivery of PD (technical sheet used)
- Formatting of fields (e.g., description character size)
- Removal of special characters
Optional services
- Assignment of NCM or Service Code (LC 116)
- Classification in the client’s market tree
- Classification in international standards
- Finding additional attributes (e.g., photos, dimensions, weight, etc.)
- Translation English/Spanish
How it works
06 reasons for you to get in touch with our experts!
01
CLARITY AND CONSISTENCY
Ensure clear, precise, and consistent information about the products, facilitating internal and external communication. This improves employee understanding, increasing efficiency and reducing errors.
02
AGILITY AND EFFICIENCY IN MANAGEMENT
Allow agile and efficient management, establishing an organized structure for material identification, search, and selection. This facilitates the location of materials, saving time and effort. Moreover, standardization simplifies inventory control and improves management effectiveness.
03
INFORMED DECISION-MAKING
Provide a solid base of information, such as technical characteristics, specifications, and properties. Empower managers to make informed decisions based on precise analyses. This will enable comparison and evaluation of different materials objectively, considering factors such as quality, price, and availability.
04
COMPLIANCE WITH TAX OBLIGATIONS
Ensure that products are correctly categorized, and taxes are calculated according to current legislation. This prevents fines, penalties, and legal issues related to taxation.
05
INVENTORY CONTROL AND MANAGEMENT
Enable precise inventory control, as each product receives a specific code according to its nature and purpose. Facilitating product identification, organization, and tracking.
06
FACILITATION OF INTERNATIONAL TRADE
Determine import and export rates applicable to the products. Ensure that commercial transactions are conducted in compliance with customs regulations, facilitating the flow of goods and avoiding delays or issues at borders.
Learn more about Products and Tax Classification
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