Foreign-Trade Zone

Foreign-Trade Zone Issues and Challenges

Many manufacturers and distributors take advantage of bonded warehousing and the U.S. Foreign-Trade Zone (FTZ) programs to reduce and eliminate duties, lower costs, speed delivery times and improve regulatory compliance.

However, these can be manually intensive and complex programs to administer. In many cases, companies require electronic integration with multiple government agencies, warehouse management systems, and trading partners, including customs brokers and carriers. Most companies have a variety of systems managing their import and export activities which impacts the efficiency of their FTZ operations. And, it is inherently difficult to manage Customs supervised inventory, especially, if companies are dealing with large transaction volumes and multiple FTZs.

How Amber Road Can Help
Amber Road's Foreign-Trade Zone solution integrates fully with existing Amber Road capabilities providing companies a more effective approach for managing their bonded warehousing and foreign-trade zone operations. By enabling companies to take a holistic, integrated approach to their bonded warehousing and FTZ operations, these companies can lower importing costs, enhance inventory control and improve supply chain velocity. Amber Road includes deep functional capabilities across all areas of global trade - import/export management, global logistics, supply chain visibility and trade agreement management. Underpinning all of these solutions is Global Knowledge^®, the most comprehensive, intelligent repository of global trade content available anywhere.

Features	Benefits
Customs Document Generation	▪	Generate 214, 216, 3461, 7501 and others automatically to support zone admission and zone withdrawal
	▪	Electronic filing of e214, ePTT, QP/WP and QX/WX
	▪	Customs filing for government agency requirements prior to zone admission
Inventory Control	▪	Bill of Material receipt and processing to manage inventory tracking, manufacture and assembly
	▪	Inventory tracking using FIFO and Lot Control methods
	▪	Cycle count and inventory reconciliation
Inverted Tariff	▪	Avoid paying higher duty rate on component parts
Inverted Tariff	▪	Defer the lower duty payment until time of consumption
Document Archive	▪	Maintain all required documents for tracking and tracing
Audit Trail	▪	Generate accurate audit trail from admission to entry to commerce

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Foreign-Trade Zone

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