A customs bonded warehouse provides a secured place to store or manipulate any dutiable goods and inventory without payment of assigned duty fees. Used for import and export goods, bonded warehouses are regulated by the customs agency in the country where they are located.
What is a Bonded Warehouse?
What is bonded storage?
What is bonded cargo?
What are bonded goods?
What is a bonded shipment?
Types of Bonded Warehouse
- Public Bonded Warehouse: A guarded warehouse owned by the state or port authority. Anyone can use this warehouse to store goods.
- Private Bonded Warehouse: A privately owned warehouse used to store the owner’s goods or goods that the owner has allowed to be stored there by a client.
- Special Bonded Warehouse: Some goods must be stored specially to remain fresh or safe. For instance, this may include deep freezing or special storage of bulk liquids.
Benefits of Using Bonded Warehouses
- Deferred duties and taxes.
- Storage flexibility.
- Improved cash flow.
- Simplified customs clearance.
Learn more about how Bonded Warehouses Can Benefit From TMS and ERP Integration in our white paper.
Bonded Warehouse Regulations and Requirements
In the United States, the warehouse proprietor physically supervises the goods, and the U.S. Customs and Border Protection (CBP) supervises the proprietor using the audit-inspection program. This includes things like determining the responsibility of the proprietor for the goods.
How MercuryGate Supports Bonded Warehouses
MercuryGate TMS supports and integrates the warehousing and resource planning tools bonded warehouses use. MercuryGate TMS creates increased visibility into the international movement of goods in and out of these bonded warehouses. In addition, MercuryGate can help streamline the customs clearance processes.
The Case for ERP and TMS Integration in Bonded Warehouses
It’s beneficial for bonded warehouses to integrate enterprise resource planning (ERP) and transportation management system (TMS) solutions. This is because ERPs tend to struggle with the complexity of transportation models and the challenges of modern supply chains. Integrating provides a faster ROI, cost savings, better visibility, and improved adoption. MercuryGate can help facilitate this type of integration.
Gain the Benefits of Integration in a Bonded Warehouse
Bonded warehouses can better keep up with the complexities of modern transportation and supply chains by integrating their ERP with a transportation management system (TMS). The TMS-ERP integration provides support and creates increased visibility into the movement of bonded warehouse goods. This is how MercuryGate can help, as it offers innovative TMS solutions that can be integrated for maximum support.
Keep learning about the pitfalls of ERPs and improvements through integration with a TMS.
