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operators to maximize local sourcing .
Any supply chain organization adds value to operations through quality delivery and pricing – in that order of importance , Poosuthasee believes . “ We won ’ t sacrifice quality or compliance in order to get something quicker and we won ’ t sacrifice meeting our internal customer ’ s operations delivery requirements just because it ’ s going to save us some money ,” he says . “ One of the biggest benefits we see is that when you source locally you don ’ t have to deal with trade compliance issues ,
importation delays or potential ‘ penalties ’ and ‘ fines ’. Countries that are heavily dependent on oil and gas especially are constantly changing their import / export requirements . Therefore , the potential for significant fines or penalties by local customs is there if you are not diligent and focused on trade compliance . Of course among local suppliers , there is also a level of corruption so you must spend a lot of time auditing them and doing due diligence to ensure compliance with the FCPA .”
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