Specialist bearings supplier, SMB Bearings has successfully achieved an Authorised Economic Operator (AEO) status. The AEO status provides businesses with an internationally recognised security standard, that certifies a company as a secure supply partner — in adhering to the UK and EU customs control procedures.
Recognised around the world as a prestigious ‘trusted trader’ quality mark, AEO status gives customers the reassurance that SMB Bearings adheres to all HM Revenue & Customs (HMRC) standards. What’s more, the rigorous AEO application process, acknowledges that the company is an efficient, reliable and trustworthy supplier.
The advantages brought about by AEO certification have profit, efficiency and productivity at their core. SMB Bearings’ customers can benefit from the company’s lower rates of physical inspections of imported and exported goods, the faster release of shipments and preferential treatment by Customs Authorities.
“Having AEO certification means that we can continue to grow as a strategic partner, while helping to standardise and continually improve our company’s supply chain practices, explained Chris Johnson, managing director at SMB Bearings. “With the ongoing disruptions that Brexit could bring to our international supply chain, taking responsible action now is vital, not only for our day-to-day operations, but also for that of our customers.
“Post-Brexit, our AEO status could enable us to obtain early approval to comply with the new UK customs regimes being introduced to control the transit of goods from the EU. Knowing that we are forward planning and being continuously tested as part of the AEO certification process, will give our customers added confidence that our supply chain is robust, efficient, and speedy.
“We deal with many different types of bearings, which are found in all types of machinery. While these are small components, if a bearing fails and a replacement isn’t quickly available, it can have catastrophic consequences, resulting in downtime and a loss of productivity. At SMB Bearings our AEO status helps to ensure fast shipping and reduces the possibility of interruptions. Whatever the future holds, our systems will allow us to continue serving internationally, especially in a rapidly changing and challenging environment.”
AEO status can be obtained by companies involved in the international supply chain, who carry out customs related activities in the EU — including manufacturers, suppliers, exporters, and importers.