Foreign-Trade Zone | QAD Precision
FTZ CORPORATION IS NOW QAD PRECISION FOREIGN-TRADE ZONE
Achieve significant cost savings and operational flexibility by leveraging our industry-leading FTZ solution.
FTZ Corporation Is Now QAD Precision Foreign-Trade Zone
LEADING PROVIDER OF FOREIGN-TRADE ZONE SOLUTIONS JOINS QAD PRECISION
Foreign-Trade Zone Corporation is now part of QAD Precision’s end-to-end global trade management and transportation execution solution. FTZC is now QAD Precision FTZ.
QAD Precision FTZ is a recognized leader in FTZ solutions. Our senior FTZ consultants have unrivaled levels of expertise and have successfully completed more than 1,000 FTZ projects, enabling companies to realize significant savings on duties, Customs fees, and taxes.
KEY BENEFITS OF QAD PRECISION FTZ
Reduce Logistics Costs, Duties, Fees and Taxes
LOWER IMPORT COSTS AND IMPROVE SUPPLY CHAIN VELOCITY
With QAD Precision FTZ manufacturers and distributors can establish and successfully manage foreign-trade zones and bonded warehousing operations. Aligned with QAD Precision’s end-to-end global trade and transportation solutions, distributors and manufacturers can leverage an integrated approach to establishing and managing FTZ operations, lower importing costs, enhance inventory control and improve supply chain velocity and flexibility.
QAD Precision FTZ enables manufacturers and distributors to maximize the benefits of FTZs. In the United States, Foreign-Trade Zones are considered to be outside the US commerce and Customs territory. As a result, companies that utilize the FTZ program can defer, and often reduce, or even eliminate duty payments on goods until entered into the US Commerce. Furthermore, if goods are imported into an FTZ and then re-exported from the FTZ, or destroyed or scrapped within the Zone, companies pay no duties on the goods. By leveraging an FTZ, manufacturers and distributors gain the opportunity for significant cost savings including:
Reduce or even eliminate duties on manufactured goods
Reduce importing fees, such as Merchandise Processing fees and Brokerage fees
Gain duty exemption on re-exports
Eliminate need for Duty Drawback
Eliminate duties on waste, scrap, and production yield loss
Avoid tariffs and certain PGA requirements while in the FTZ
Avoid inventory taxes while in the Zone
Improve on-time delivery performance
Enhance supply chain performance
FTZ Consulting Services
LEVERAGE THE INDUSTRY’S UNRIVALLED EXPERTS
QAD Precision FTZ offers a consulting team with unrivalled expertise. By leveraging our FTZ consulting services, manufacturers and distributors will accelerate the process for establishing an FTZ as well as ensure they are compliant with documentation and reporting requirements. Our consulting services include:
Preparation and submission of a Foreign-Trade Zone Subzone, Manufacturing, or TIM application
General purpose zone applications and expansions
Activation with US Customs and Border Protection (CBP)
Re-engineering your current FTZ operations to maximize savings
FTZ project administration
We also offered bundled services for grantees, operators and subzones. Furthermore, our turnkey implementation for new FTZ projects includes obtaining FTZ status, activation with CBP and the implementation of QAD Precision FTZ software.
Remain Compliant with QAD Precision FTZ Software
ACCURATELY TRACK AND RECORD FTZ ACTIVITIES
The QAD Precision FTZ solution enables manufacturers and distributors to simplify FTZ administration and management. Using QAD Precision FTZ, companies will be able to address regulatory requirements for FTZ Inventory Control and Record Keeping System (ICRS). In addition, the solution accurately tracks and records FTZ activities, and includes reporting for regulatory and financial purposes.
Why QAD Precision FTZ?
BEST-IN-CLASS FOREIGN TRADE ZONE CONSULTING AND SOLUTIONS
QAD Precision offers the industry’s only end-to-end integrated global trade and transportation execution solution. QAD Precision FTZ is used by manufacturers, distributors, third-party logistics providers as well as property developers, grantees, local, regional, and state governments.
QAD Precision works with customers in over 4,000 sites across more than 100 countries. To find out how QAD Precision can assist your organization, schedule a consultation today or contact an FTZ expert on +1 251-445-1363 or +1 251-445-1385.
In-depth information and analysis
3PLS & FOREIGN-TRADE ZONE OPERATIONS: CREATING COMPETITIVE ADVANTAGE FOR US IMPORTERS AND EXPORTERS
Companies wishing to leverage the Foreign-Trade Zone program have to weigh the decision of becoming an FTZ operator or using a 3PL. In this white paper, we look at how logistics providers can create a competitive advantage for their customers through FTZ operations.