Collaborative solution for companies who source or manufacture products internationally facilitates full compliance with new federal guidelines.
(CAMPBELL, CA., FEBRUARY 13, 2009) The news that "10+2" regulations went into effect Jan. 26 has left companies in the consumer goods and private-label industries scrambling – with the exception of those using Centric Software.
Centric, which provides enterprise product lifecycle management (PLM) for apparel, footwear, accessory and other fast-moving consumer goods and private-label industries, has updated its Centric 8 solutions to integrate U.S. Customs & Border Protection's Importer Security Filing and Additional Carrier Requirements, commonly known as "10+2." This means that every one of Centric's customers involved in global sourcing is capable of achieving full compliance with 10+2 mandates, according to Ray Hein, Centric's executive vice president of marketing.
The new regulations, designed to help prevent terrorist attacks on the United States, require vessel carriers bringing cargo to the United States to electronically transmit certain information to U.S. Customs & Border Protection (CBP) about their cargo prior to lading that cargo at foreign ports of entry. The filing must contain 12 data elements, including three elements not currently required for U.S.-bound imports.
With 10+2 capability available as part of the Product Sourcing module in the Centric 8 PLM suite, users can quickly view 10+2 information, and other sourcing data including supplier performance, compliance and other vital metrics. Instead of manipulating individual pieces of data across a global supply chain, Centric 8 manages and reports the twelve (10+2) data elements needed to create the Importer Security Filing (ISF) as mandated in the 10+2 regulations.
Benefits for Importers of Globally Sourced Products
The new 10+2 regulations represent major changes for any business involved in importing, as they require communication and integration across the supply chain in ways never seen before. With Centric 8, these companies do not need to invest in separate technology to handle the new regulations, nor do they face typical issues inherent in integrating a separate compliance module into their business systems.
"The full reporting capability of Centric 8 enables companies to eliminate 10+2-related delays in imports, which translates to no interruptions in distribution, marketing or sales. Importers who utilize the collaborative Centric Product Sourcing module in Centric 8 already manage their suppliers and manufacturers to improve costs, margins, improve compliance, and product quality with visibility over their entire product delivery processes and supply chain partners," says Hein.
About Centric Software, Inc.
Centric Software is a leading provider of product lifecycle management (PLM) and collaborative sourcing solutions for apparel, footwear, accessories and other fast-moving consumer goods industries. Centric 8 allows companies to speed new products to market, drive margin improvement, and improve global collaboration and compliance.
Centric's proven Web-based product intelligence technology enables team members and partners to securely access the information they need to improve global collaboration, execution and business performance. Global enterprises including Artsana, Best Buy, Bristol-Myers Squibb, Coleman, Kiewit, Le Coq Sportif, Moen, Timex and United Stationers Inc. use Centric's solutions to achieve top-line revenue growth and cost reductions.
Centric is a registered trademark of Centric Software and Product Intelligence is a trademark of Centric Software. All other brands and product names may be trademarks of their respective owners.