Tuesday, 02 January 2024 12:17 GMT

Fictiv Unveils Tariff Management And Landed Cost Services To Reduce Import Disruptions And Delays


(MENAFN- PR Newswire) With so many changes in flight and global trade changing by the hour, giving customers visibility into their true costs is mission-critical. This release leverages Fictiv's more than a decade operating a global supply chain platform to derisk financial and operational delays through transparency. Customers now have visibility into the true landed cost of their product, instantaneously and at their fingertips, allowing for fast decision-making and no hidden costs when procuring from a global supply chain.

The new offerings reflect customer feedback about unexpected import bills and hidden fees from other solution providers. Fictiv's fully transparent approach ensures seamless customs handling and upfront pricing, eliminating hidden costs and post-delivery surprises.

"Fictiv's mission is to simplify sourcing for mechanical procurement. The launch of our total landed cost pricing gives customers the ability to compare their options in real time, derisk operational delays, and incorporate financial targets," said Dave Evans, Co-Founder and CEO of Fictiv. "This is a first in digital manufacturing and paves the way to a future where technology and expertise reduce complexity instead of adding to it."

Key Benefits of the Service:

  • End Use Designation
    Customers can now specify the end use of their product during the quoting stage. To improve accuracy, compliance, and efficiency , each quote will require an end-use designation.
  • Landed Cost Calculation
    The Fictiv platform will display the final transactable landed cost, inclusive of all duties, tariffs, taxes, and shipping fees. With Fictiv acting as the IoR, customers benefit from lower total costs and reduced custom clearance delays compared to managing imports independently.
  • Lowest Landed Cost Advantage
    Through Fictiv's global supply network and established logistics partnerships, customers can reduce their overall costs while avoiding the complexity of dealing with multiple service providers.
  • Importer Visibility & Selection
    Customers who prefer to manage their own shipping and importation can opt out of DDP services and act as their own IoR, with Ex Works (EXW) Incoterms supported for maximum flexibility .

    "We really appreciate that Fictiv shows the full landed cost; it includes everything we can expect to pay up front. The transparency of selecting through those options makes a lot of sense and removes the guesswork. With Fictiv, what you see is what you pay, and that's a game-changer," said Riley Reynolds, CEO, Rheam Medical.

    Fictiv's new landed cost pricing option is now available when orders are placed on .

    For more information on Fictiv's capabilities or to request a quote, visit .

    To learn more about international shipping with Fictiv, go here .

    About Fictiv

    Fictiv , part of the MISUMI Group, is a global manufacturing and supply chain company that enables organizations to scale globally without the typical barriers of cost, complexity, and risk. By leveraging Fictiv's four global manufacturing centers in India, Mexico, China, and the U.S., companies can access high-quality production, optimize supply chain logistics, and mitigate supply chain risk-ensuring they can move from prototype to full-scale manufacturing with speed and confidence. To date, Fictiv has delivered more than 35 million commercial and prototype parts for early-stage companies and large enterprises alike, helping them innovate faster, free up precious resources, and drive profitable growth.

    Fictiv Media Relations
    Jennifer Shambroom
    Chief Marketing Officer
    [email protected]
    +1.415.278.1727

    5W Public Relations
    Catherine Toor
    [email protected]

    SOURCE Fictiv

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