Duty Optimization and SAP GTS Project Readiness Kit (Publication Date: 2024/02)


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Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:

  • What are the necessary resources to fulfill the internal audit duty?
  • Is landed cost and duty optimization included?
  • How do you argue a duty to be socially responsible?
  • Key Features:

    • Comprehensive set of 1515 prioritized Duty Optimization requirements.
    • Extensive coverage of 66 Duty Optimization topic scopes.
    • In-depth analysis of 66 Duty Optimization step-by-step solutions, benefits, BHAGs.
    • Detailed examination of 66 Duty Optimization case studies and use cases.

    • Digital download upon purchase.
    • Enjoy lifetime document updates included with your purchase.
    • Benefit from a fully editable and customizable Excel format.
    • Trusted and utilized by over 10,000 organizations.

    • Covering: Strategic Goods, Trade Sanctions, Import Compliance, Participation Management, Customs Warehousing, Bonded Warehouse, Import Duties, International Banking, Free Trade Agreements, Daily Routine, Business Partner Management, Single Window System, Dual Use Goods, Freight Forwarding, End Use Control, Audit Management, Automated Compliance, Cost-Competitive, Customs Compliance, Trade Regulations, Compliance Management, Dangerous Goods, Foreign Trade Zone, Proof Of Export, Deemed Export, Denied Party Screening, Duty Exemption, Embargo Management, Electronic Filing, Sanctioned Countries, Software Applications, Restricted Party Screening, Product Registration, License Management, Document Management, Excise Duty, Warehouse Management, Export Declaration, Trade Preference Management, ITA Licenses, Trade Facilitation, License Determination, Valuation Methods, Drawback Processing, Inventory Reduction, Data Collection, Safety And Security, Duty Optimization, Classification Changes, ITAR Compliance, License Verification, Global Trade, Declaration Management, We All, Tariff Management, Global Trade Services, Export Control, HS Classification, SAP GTS, Risk Assessment, Product Master Data, Document Tracking, Trade Restrictions, Audit Trail, Grants Management, Risk Management

    Duty Optimization Assessment Project Readiness Kit – Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):

    Duty Optimization

    Duty optimization is finding and efficiently using the required resources to complete internal audit responsibilities.

    1. Centralized duty calculation system – Reduces manual effort and minimizes errors in duty determination.

    2. Harmonized tariff schedule database – Ensures accurate classification for duty calculation and compliance with regulations.

    3. Automated duty rate updates – Saves time and ensures duty rates are up-to-date, reducing the risk of non-compliance.

    4. Duty drawback management – Facilitates the recovery of duties paid on imported goods that are later re-exported, resulting in cost savings.

    5. Supplier collaboration platform – Enables communication with suppliers to gather necessary information for duty optimization.

    6. Real-time tracking and monitoring – Provides visibility into duty payment and utilization, allowing for quick adjustments if needed.

    7. Comprehensive duty reporting – Generates detailed reports for duty optimization analysis and audit purposes.

    8. Duty preference programs – Leverages free trade agreements and other trade programs to decrease duty costs.

    9. Integration with SAP financial and logistics systems – Streamlines the duty calculation and payment process, improving efficiency.

    10. Dedicated duty optimization team – Ensures ongoing compliance and identifies further opportunities for duty savings.

    CONTROL QUESTION: What are the necessary resources to fulfill the internal audit duty?

    Big Hairy Audacious Goal (BHAG) for 10 years from now:

    The big hairy audacious goal for Duty Optimization 10 years from now is to have a fully automated and technologically advanced internal audit system that eliminates manual processes and optimizes the efficiency and effectiveness of the auditing process. This system will be implemented globally and utilized by all our internal audit teams, resulting in significant cost savings and increased accuracy in identifying risk areas.

    To achieve this goal, we will require substantial investment in technology, including artificial intelligence and machine learning, to develop smart algorithms and data analytics tools that can identify patterns and anomalies in financial data. This will also involve hiring top-notch data scientists and IT experts to build and maintain the system.

    Additionally, we will need to invest in training programs for our current employees to ensure they have the necessary skills to operate the advanced technology and adapt to the changing role of internal audit. This will include providing them with continuous education on new technical tools and evolving best practices in the field.

    Furthermore, we will need to collaborate with external stakeholders, such as software vendors and industry experts, to stay at the forefront of emerging technologies and obtain their support in implementing and maintaining the system.

    Finally, we will need to establish strong communication channels and foster a culture of transparency and collaboration within our organization to ensure buy-in from all levels of management and employees for the successful implementation of this ambitious goal.

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    Duty Optimization Case Study/Use Case example – How to use:

    Case Study: Duty Optimization for Internal Audit

    This case study focuses on a multinational corporation, ABC Ltd., which operates in multiple countries and industries. ABC Ltd. has a robust internal audit function that is responsible for ensuring the effectiveness of the company′s internal controls and risk management processes. As the organization grows and expands its operations, the scope and complexity of the internal audit function also increases. In order to maintain efficiency and achieve its objectives, ABC Ltd. has engaged a consulting firm to optimize its internal audit duties. The primary objective of this optimization is to ensure that the internal audit function has the necessary resources to meet the growing demands of the organization while maintaining high standards of quality and effectiveness.

    Consulting Methodology:

    The consulting firm will follow a structured approach to optimize the internal audit duty as follows:

    1. Understanding the current state: The first step in the consulting methodology is to gain an understanding of the current state of the internal audit function. This involves a detailed review of the existing organizational structure, roles and responsibilities, processes, and technology used by the internal audit team.

    2. Identifying gaps: Based on the current state analysis, the consulting team will identify any gaps or inefficiencies in the internal audit function. This could include inadequate resources, duplication of efforts, or outdated processes and technology.

    3. Benchmarking: In order to determine the optimal level of resources required for the internal audit function, the consulting team will conduct benchmarking exercises against industry best practices and other similar organizations. This will provide a benchmark for comparison and help identify areas for improvement.

    4. Developing a resource allocation strategy: Based on the findings from the current state analysis and benchmarking, the consulting team will develop a resource allocation strategy. This will involve identifying the necessary resources required for each area of the internal audit function, including personnel, technology, and other supporting resources.

    5. Implementation: Once the resource allocation strategy is developed, the consulting team will work closely with the internal audit team to implement the necessary changes. This could involve restructuring the internal audit team, implementing new processes or technology, or hiring additional resources.


    The following are the key deliverables that the consulting team will provide during the duty optimization engagement:

    1. Current state analysis report: This report will provide a detailed assessment of the current state of the internal audit function, including any gaps or inefficiencies identified.

    2. Benchmarking report: The benchmarking report will compare the internal audit function against industry best practices and provide recommendations for improvement.

    3. Resource allocation strategy: This document will outline the optimal resource allocation for the internal audit function, including personnel, technology, and supporting resources.

    4. Implementation plan: The implementation plan will provide a roadmap for implementing the recommended changes, including timelines, resource requirements, and key milestones.

    Implementation Challenges:

    The duty optimization engagement is likely to face the following challenges:

    1. Resistance to change: Any changes to the internal audit function may face resistance from key stakeholders, including senior management and internal audit team members. It is crucial to address this challenge by involving all stakeholders in the optimization process and communicating the benefits of the changes to them.

    2. Limitations of technology: The internal audit function relies heavily on technology to perform its duties. However, the use of outdated or inadequate technology can be a significant challenge in achieving efficiency and effectiveness. The consulting team will have to carefully assess the company′s current technology landscape and identify any limitations that may hinder the optimization process.

    To measure the success of the duty optimization engagement, the following KPIs will be used:

    1. Resource utilization: This KPI will measure the utilization of resources, including personnel, technology, and other supporting resources, to ensure that they are effectively utilized.

    2. Time and cost efficiency: The consulting team will track the time and cost required to complete internal audit duties before and after the optimization process to demonstrate the efficiency gains achieved.

    3. Quality of internal audit reports: The quality of internal audit reports is a crucial measure of the effectiveness of the internal audit function. The consulting team will review the quality of internal audit reports before and after the optimization process to measure any improvements.

    Other Management Considerations:

    The following are some key management considerations that need to be taken into account during the duty optimization engagement:

    1. Communication and change management: It is essential to communicate the changes made to the internal audit function to all stakeholders effectively. Change management techniques, such as training and communication plans, should be implemented to ensure a smooth transition.

    2. Continuous monitoring and review: The duty optimization process is an ongoing one, and it is vital to continuously monitor and review the internal audit function to identify any new areas for improvement.


    Duty optimization for the internal audit function is crucial for ensuring the effectiveness and efficiency of this critical function. By following a structured consulting methodology and leveraging benchmarking and resource allocation strategies, organizations like ABC Ltd. can achieve significant improvements in their internal audit function. The key to success lies in involving all stakeholders, effective change management, and continuous monitoring and review of the function.

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