PINE BROOK, N.J., May 10, 2010 (BUSINESS WIRE) -- Flash Global Logistics, leader in single source innovative supply chain solutions for mission critical parts and products, today announces its value added Export Compliance Program, integrated with FLASHTRAC(C) - the company's real time, web-based order and inventory management system, specifically designed to address users' service needs for mission critical parts logistics. Automation of this competitive offering, including Denied Party Screening, Export Control Classification Number License Control Checks, Commercial Invoice Preparation and Automated Export System Filing, supports clients' compliance programs, saves clients time, resources, compliance processing steps and helps clients avoid hefty fines and denial of export privileges.
"Integration of Flash's Compliance Program with FLASHTRAC validates clients' cross border shipments against all U.S. and most other countries' denied party lists; this is substantial, because there are just under 70 lists in total," said Dennis Moniz, VP Business Technology Flash Global Logistics. "Flash can also maintain and control the number of parts shipped under a client's specific ECCN license; this helps clients determine license quantities that are becoming low, or are close to expiration." "Compliance with U.S. law is non-negotiable," states Jim van Leenen, CEO & President Flash Global Logistics. "Companies that ship out of country must recognize potential risk and regulations associated with exporting. Regardless of how the item is transported, inventory shipment is considered an export even if it leaves the U.S. temporarily, leaves the U.S. as a gift, or goes to a wholly-owned U.S. subsidiary in a foreign country." Even a foreign-origin item exported from the United States, transmitted through the U.S. or being returned from the U.S. to its foreign country of origin is considered an export and subject to appropriate regulations.
Organizations regulating export control include the Bureau of Industry and Security, Department of State, FDA (Medical Devices), and Department of Treasury (Office of Foreign Assets Control); BIS is responsible for enforcing Export Administration Regulations. "Dual-use" items, having both commercial and military proliferation applications, but also some purely commercial items, are subject to the EAR.
Flash's technological innovation differentiates the company from mission critical service providers. For instance, Brazil shipment documentation is transitioning from hard copy Nota Fiscal to the electronic 'NF-e'; FLASHTRAC is configured to capture all necessary information to allow for filing within the Brazilian fiscal system.
About: Flash Global Logistics, Inc. provides mission critical supply chain solutions for clients worldwide. Flash is headquartered in the U.S., incorporated in Germany and Brazil. Services include forward and reverse logistics; rapid setup/deployment for global movement, management & tracking of critical inventory; network modeling/analysis; global trade management. Flash's infrastructure spans 700 FSL's, 12 multi-client DC's, command centers and regional offices. Flash serves high tech clients in computer data storage/networking, healthcare, communications, electronics. Asset light for flexibility and client cost efficiency, Flash engineers solutions, mapping service applications directly to clients' requirements. www.flashlogistics.com SOURCE: Flash Global Logistics CONTACT: Flash Global Logistics, Inc. Amy Minarik, 973-808-3360 Copyright Business Wire 2010 -0- KEYWORD: United States
New Jersey INDUSTRY KEYWORD: Technology
Supply Chain Management
Logistics/Supply Chain Management
Retail SUBJECT CODE: Product/Service