Challenge: A fragrance and flavor company wanted to create a foreign trade zone (FTZ) in which it could perform both manufacturing and distribution functions. Due to its many product formulations — and ingredients coming from the U.S. and around the world — tracking inventory was complex. Some incoming ingredients also skipped manufacturing and were sold raw.
Solution: The company selected QuestaWeb’s FTZ solution because it offers inventory management using both FIFO and Lot Control methods. The technology automates document and custom report generation, does electronic filing, has a document binder for record retention and maintains a complete audit trail of all activities.
Results: QuestaWeb configured the company’s many complex procedures into its advanced FTZ software. They became fully compliant with U.S. Customs and Border Protection rigorous requirements, and the automated software freed company employees from labor-intensive tracking and reporting duties. The company also now avoids higher duties on manufacturing components, while deferring duty payments until goods are consumed.
About the Solution Provider: QuestaWeb is a premier provider of integrated, web-based global trade management software solutions. Our business model unifies import, export, logistics, compliance and financial processes. Our Global Trade Management System proactively manages export and import processes – accelerating the flow of goods, reducing inventory and operational costs and ensuring compliance with cross-border regulations.
