|
|
|
|
|
FTZ Challenges
Foreign trade zone (FTZ) operations mandate precise control of Customs supervised
inventory and pro-active management of compliant inventory movements.
Automated FTZ systems must have robust functionality combined with rich
content, rule-based integration tools, and electronic links to multiple regulatory
government agencies.
Importers filing their own import entries require ABI connectivity, while others
need connections to their brokers. Ability to file AES, electronic in-bonds, and
drawback claims are essential functions of a foreign trade zone solution.
Other levels of complexity may involve importers maintaining several foreign
trade sub-zones in different ports and foreign trade zone participants processing large
volumes of transactions. In the later situations, high degree of automation, seamless
integration, instant compliance verification, and management "by exceptions" become
a necessity.
Integrated Solution for FTZ operators - FTZQW
Developed to meet the specific needs of FTZ operators and tenants, our integrated
Foreign Trade Zone business model unifies import, export, logistics, compliance and
financial processes including U.S. Customs clearance, Harmonized Tariff Schedule
classifications, export licensing, denied party screening, comprehensive product
catalog, tracking, event management and international document repository.
To further reduce data redundancy, the integrated solution incorporates information
sharing capabilities with import, export, customhouse brokerage, and freight forwarding
components.
|
|
|
|
|
|
|
Key FTZQW Components:
-
Admissions: Automated admissions is the electronic way to file 214s directly
to U.S. Customs;
-
Manufacturing: Fully automated manufacturing and manipulation procedures and
auto-generation of CF 216s;
-
Automated CHB System: ABI is the
electronic way to file FTZ entries, weekly estimates, and in-bonds directly
to U.S. Customs;
-
Warehousing: Supports receiving, manipulation, manufacturing, consolidation,
and distribution of inventory, and generation of receipts and manifests;
-
Product Master: All-inclusive database of pre-classified parts/products;
-
Automated Export System: AES is the electronic way to file the Shipper's Export
Declaration (SED) and the export manifest information directly to U.S. Customs;
-
Integration: The multi-layered integration interface that unifies multiple
cross-format legacy platform accesses;
-
Documentation: Purchase
Orders, Commercial Invoices, CF 214, CF 216, CF 368, CF 3311, CF 7501, CF 3461, CF 6043, CF 6423, CF 7512,
CF 7551, MDR, Bills of Lading, AWBs, Inventory Labels, and many more...
|
|
FTZQW Helps Customers To:
- Minimize logistics costs, duties, fees, and taxes;
- Ensure adherence to compliance regulations and
reduce exposure to fines and penalties;
- Proactively manage the entire foreign trade zone process,
including manufacturing and manipulation, informing stakeholders of potential problems;
- Generate both mandatory, analytical, and management reports;
perform customized queries,
- Improve on-time delivery by reducing delays;
- Improve ability to efficiently handle volumes during
peak seasons;
- Ensure compliance movements of supervised inventory;
- Reduce administrative and support costs by centralizing
and sharing global transportation, compliance, and trade data;
- Increase visibility of supply chain information.
FTZ Comparison Matrix
|
|
|
|
