SAP Global Trade Services (GTS) is incorporating a solution in the 11.0 release to support companies that participate in trade within Foreign Trade Zones (FTZs). It is currently difficult to accurately track inventory within FTZs, which can prevent companies from participating in this duty relief opportunity. Additionally, it is challenging for companies to get a good picture of consumption related to manufacturing within an FTZ. GTS is a solution to these issues, providing automatic tracking of inventories held in FTZs and accurate measurement of consumption.
GTS also eases headaches at home by interfacing with U.S. customs to report goods movement in and out of an FTZ, which allows for much faster processing of goods, auditability and supply chain efficiency. Implementation of GTS can lead to quick ROI by utilizing foreign trade zones, increasing inventory visibility and integrating warehouse processes.