QAD Precision Launches Complimentary Foreign-Trade Zone Cost/Benefit Analysis

Analysis helps manufacturers and distributors evaluate the bottom-line value of leveraging the US Foreign-Trade Zones program

QAD Precision, an industry-leading provider of global trade and transportation execution solutions, today announced a complimentary Foreign-Trade Zone (FTZ) Cost/Benefit Analysis. This analysis calculates the cost savings manufacturers and distributors could realize by leveraging the Foreign-Trade Zones program. QAD Precision is a division of QAD Inc.

Under the US Foreign-Trade Zones program, goods imported into an FTZ are considered to be outside the US commerce and customs territory. As a result, no duties are paid on imports until such time as the goods enter US commerce. Should goods be exported from the FTZ, no import duties are paid.

“Companies that establish and operate an FTZ must adhere to significant compliance requirements around inventory controls. With our free FTZ Cost/Benefit Analysis, organizations can discover the value FTZ can bring to their bottom line,” said Corey Rhodes, President of QAD Precision.

QAD Precision Foreign-Trade Zone was developed in collaboration with senior consultants and FTZ practitioners to create a user-friendly and configurable FTZ Inventory Control and Recordkeeping System (ICRS). QAD Precision FTZ ensures compliance with FTZ regulations while lowering FTZ administration costs.

“Most companies considering an FTZ do so in order to defer import duties or eliminate the need for duty drawback. However, the Cost/Benefit Analysis will help uncover other opportunities for cost savings, such as relief from inverted tariffs and reduced Merchandise Processing fees and brokerage fees,” added Mr Rhodes. “With QAD Precision FTZ, companies can slash import costs while accelerating supply chain velocity.”

To book a complimentary FTZ Cost/Benefit Analysis, please schedule a consultation online or contact an FTZ expert at [phone] or [phone].

About QAD Precision – Trusted Global Trade and Transportation Execution

QAD Precision, a division of QAD Inc., provides industry-leading global trade compliance, and multi carrier transportation execution solutions from a single, integrated platform. An ISO-certified company, QAD Precision assists companies to streamline their import, export and transportation operations, optimize deliveries, and increase logistics ROI. QAD Precision’s scalable and extensible solution easily integrates with existing ERP and WMS solutions. Industry leaders in every region of the world rely on QAD Precision’s global support centers to leverage thousands of carrier services and manage millions of global trade and shipping transactions every day. For more information about QAD Precision, visit www.qadprecision.com.

About QAD – Enabling the Adaptive Manufacturing Enterprise

QAD Inc. is a leading provider of next-generation manufacturing and supply chain solutions in the cloud. Global manufacturers face ever-increasing disruption caused by technology-driven innovation and changing consumer preferences. In order to survive and thrive, manufacturers must be able to innovate and change business models at unprecedented rates of speed. QAD calls these companies Adaptive Manufacturing Enterprises. QAD solutions help customers in the automotive, life sciences, consumer products, food and beverage, high tech and industrial manufacturing industries rapidly adapt to change and innovate for competitive advantage.

Founded in 1979 and headquartered in Santa Barbara, California, QAD has 30 offices globally. Over 2,000 manufacturing companies have deployed QAD solutions including enterprise resource planning (ERP), demand and supply chain planning (DSCP), global trade and transportation execution (GTTE) and quality management system (QMS) to become an Adaptive Manufacturing Enterprise. To learn more, visit www.qad.com or call [phone]. Find us on Twitter, LinkedIn, Facebook, Instagram and Pinterest.

“QAD” is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211129005248/en/

QAD Precision Chris Caouette [e-mail] 401-487-1917

QAD Inc. Kristin Poulton Public Relations 805-566-6000 [e-mail]

or

Evan Quinn Analyst Relations 617-869-7335 [e-mail]