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Logistics Trading Services (LTS) for Society of Lifestyle

Challenge

Society of Lifestyle has experienced enormous growth since its inception in 2001. With more brands and more collections per year, Society of Lifestyle is known for its high quality and for allowing end customers to experience all the exciting products at retailers immediately after launch.

Production takes place primarily in countries outside the EU, and some goods are also sold to countries outside the EU. With a range of over 3.600 product numbers, it is a requirement that customs clearance is carried out correctly, flexibly and quickly.

Costs for external handling of customs processes were significant, and as Society of Lifestyle expects growth to continue and the product range to expand further, these external costs will increase.

They therefore wanted to insource the customs process by investing in an IT solution that could support customs processing and keep up with developments in order to:

  • Ensure correct classification of goods, and maintain knowledge of classification within the company
  • Shift focus from entry to control and correct tariffing
  • Avoid delays by automatically monitoring customs processes
  • Avoid double customs clearance when re-exporting to countries outside the EU

Solution

With Logistics Trading Services (LTS), Society of Lifestyle has gained a cloud-based standard solution for handling customs processes in connection with the import and export of goods, as well as the use of bonded warehouses.

The solution supports the entire process, from imports from countries outside the EU, customs warehouse accounting, and sales to countries within or outside the EU. Integration with SKAT's systems ICS (Customs 2000), ECS (E-export) and Manifest.

Society of Lifestyle's solution is integrated into their Microsoft Dynamics ERP system, which provides the datasets LTS uses to automate the customs process.

The service agreement includes creation and maintenance of exchange rates, creation and maintenance of tariff codes, and creation and maintenance of users/user roles in the system.

What will you get out of this?

  • Significant savings on customs handling costs
  • Internal resources in connection with implementation and operation are minimally burdened
  • Correct handling of bonded warehouses and transit goods, including automatic and controlled settlement of customs debts, and thus less strain on liquidity
  • Overview of customs debt and guarantee obligations
  • Duty-free sales of goods to customers outside the EU
  • Full traceability and history of all LTS registered goods
  • Reduction of error sources and faster troubleshooting

Society of Lifestyle is a family-owned company, which, with a passion for interiors, design, food, style and well-being, was founded in 2001 under the name House Doctor.

In 2011, the company expanded with the gourmet brand Nicolas Vahé, in 2013 the wellness brand Meraki was added, and in 2015 Monograph – a brand that creates stylish office supplies and storage solutions.

Read more about Society of Lifestyle here .

Back

“Lector is a valuable partner for us.

The use of LTS and the sparring we receive regarding customs processing makes it easier for us to clear our goods for import and re-export.”

“We save time, get optimized data quality in our ERP system for our many different products, and have also achieved significant savings by reducing the time we spend on customs clearance per shipment to a minimum.

At the same time, we ensure the use of correct customs codes because we can now provide a better data basis to SKAT.”

Flemming Munck Nielsen
Logistics Manager
Society of Lifestyle

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