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Management Dynamics and Foreign-Trade Zone Corporation (FTZC) Announce Strategic Partnership

5/12/2010

By Management Dynamics Inc.

Management Dynamics, a leading provider of Global Trade Management solutions, today announced a strategic partnership with Foreign-Trade Zone Corporation (FTZC), a leading provider of Foreign-Trade Zone consulting services and developer of the SmartZone Premier application. The partnership seeks to expand the use of foreign-trade zones integrated with core Global Trade Management (GTM) processes of import, export and trade agreement management.

Foreign-Trade Zones have been in use for nearly seventy-six years with the passage of the Foreign-Trade Zones Act of 1934 to expedite and encourage foreign commerce. Foreign-Trade Zones are now a key component of U.S. trade policy and offer companies several opportunities to reduce costs with:

  • Exemption of duty payment upon re-export of goods
     
  • Relief from inverted tariffs where raw materials with high duty rates can be transformed to an end product with a low duty rate
     
  • Use of consolidated weekly entries to reduce merchandise processing fees (MPFs)
     
  • Deferral of duty on any inventory stored within an FTZ

For many companies these benefits can justify the investment in a Foreign-Trade Zone in the first year of operation.

"Foreign-trade zones are becoming an integral part of a company’s GTM strategy and their use is expanding given the strong value proposition and fast pay back," said Craig Pool, President, FTZ Corporation. "Our customers are looking to integrate foreign-trade zones across their GTM processes and we look forward to working with Management Dynamics to deliver this solution."

FTZ Corporation has extensive experience, having implemented over two hundred and fifty Foreign-Trade Zone projects. The company is also active in Washington D.C. with involvement in recent industry advancements including the passage of Weekly Entry legislation and opening up the benefits of Foreign-Trade Zones to new industries. FTZ Corporation offers a complete set of implementation services including the application to the FTZ Board and activation of the zone with Customs and Border Protection. Combined with the implementation of SmartZone Premier software, FTZ Corporation can cut the time to first benefit with a "turnkey" implementation.

"Implementing a foreign-trade zone program can generate millions in recurring savings and is a key initiative for companies as the global economy is rebuilding," said Jim Preuninger, CEO, Management Dynamics. "FTZ Corporation has a tremendous track record of success in this industry and we look forward to working together to expand the GTM market."


About FTZ Corporation
The Foreign-Trade Zone Corporation is the only nationally recognized consulting firm with a practice focused on Foreign Trade-Zone consulting. The firm provides a wide range of consulting work from Foreign-Trade Zones Board applications to activations with Customs and Border Protection, and administers nine foreign-trade zone projects. Its management of these projects is in keeping with the Foreign-Trade Zone Corporation's philosophy that there is no substitute for hands-on-experience.

 

    

FTZ Articles
9/26/2016

Looking for a tool that serves U.S.-based manufacturers to boost operating margins? Learn about the U.S. Foreign-Trade Zones (FTZs) program. 

7/20/2016

The FTZC was awarded 'Best Local Company To Work For' by Lagniappe Magazine. Learn more about why people want to work for and with the FTZC.  

6/22/2016

Learn more about the Foreign Trade Zone Corporation (FTZC) and its SmartZone Software Suite in an article from Supply Chain World Magazine.  

9/3/2015

Still think FTZs are just about large water ports? Think again and learn here how FTZs can be instrumental in helping your globalization efforts. 

9/22/2014

Import values into Zones has tripled in the last decade and businesses continue to save money using the FTZ program. 

5/27/2014

Industrial and development parks through out the United States are discovering that Foreign-Trade Zone status (FTZ) can be a beneficial tool for bringing new economic development to their area.  Read why Neosho, MO is seeking a Foreign-Trade Zone.

9/17/2013

Foreign-Trade Zones Board adopted a comprehensive rewrite of its regulations in 2012. Greg Jones explains how this decision, along with past decisions, have affected the success of FTZs and how FTZs are used by businesses to help compete globally.

5/10/2013

Scott Sheldon and FTZC Announce Partnership to Place Deeper Value on Supply Chain Solutions.

9/22/2010

Foreign Trade Zones: Relief from inverted tariffs enables U.S.-based manufacturers to produce their goods and sell them in the American marketplace, and maintain the operating margins that are essential to their survival. 

5/12/2010

This strategic alliance between FTZC and Management Dynamics will integrate and expand the use of Foreign-Trade Zones in global trade management.

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