Business profitability when importing industrial machinery for the company O'ringsline

Abstract

In Latin America there is a reduced industrialization, however, in Ecuador, the industrial sector is considered one of the main factors that promote the economic growth of the country, on the other hand, the main strategies aimed at improving the profitability and utility of companies, are the optimization of processes and innovation through the acquisition of equipment, where importation is the most used strategy. The objective of this investigation was to analyze the import costs of a horizontal lathe for the company O'ringsline, by comparing prices in different markets. Based on theoretical foundations through reliable sources of research, an interview was also conducted with the manager of the company, to find out the needs and current situation of the company, the results were analyzed in an analytical-synthetic way. It was possible to know the importance of the import processes, within the profitability and utility of the companies, the need to acquire a machine called horizontal lathe through import was also known, at the same time, a series of quotes was made to inquire about related aspects with the prices, accessibility, guarantee and after-sales service, it was stated that buying said machinery turns out to be economically more profitable in China than in Peru, since its prices including taxes and tariffs were $21,382.50 and 37,669.23 USD respectively, finally, it was achieved generate a strategic import plan, where the requirements that must be taken into account before making a decision to ensure a purchase were exposed.