Mercado | Breaking down supply chain terminology

Why Mercado’s Commercial Invoice is like ordering at McDonald’s

Why Mercado's Commercial Invoice is like ordering at McDonald's

Mercado Labs | Support
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When you order a product from McDonald's they enter your order into their computer.
T he order is sent electronically to the people who make the product. When the product is complete, the computer validates the product is correct, and generates a document (receipt) to validate the selling price. Matching what was ordered, to what was made, to what was delivered.

Importers also require a receipt. However in importing it is not called a receipt, it is called a Commercial Invoice. The commercial invoice is used by the importers accounting department to pay the supplier. It is also used by US customs to confirm that they are being paid the correct taxes.

The problem for importers is that unlike McDonalds, the order is not tied to the people who make the product. A second problem is that unlike McDonalds, customers often change their mind after they have placed the order. 

The result is that each supplier creates their own invoice, 3 months after the order was received, and after many changes have occurred. When complete it's sent via a pouch or attachment to the Customs Broker and the Accounting department. All of this manual work leads to a lot of mistakes.
With Mercado, we connect the order to the people who make the products, just like McDonalds. We also allow them to update the order electronically if there are changes. This means we can create the receipt electronically and send it to the accounting department and the customs broker.

So just like McDonalds we create an invoice that is:
  1. Validated
  2. Standardized
  3. Electronic

“The problem for importers is that unlike McDonalds, the order is not tied to the people who make the product...[and] customers often change their mind after they have placed the order."

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Mercado | Bring Order to your Imports
                                               
© Mercado Labs Inc.
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Mercado | Bring Order to your Imports
                                               
© Mercado Labs Inc.
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.