Kuehne & Nagel are supported in their business growth by the duty management software solution from RedPrairie Corporation . The solution delays payment of all customs duties and VAT until the latest possible time, usually after the goods leave the warehouse, enhancing Kuehne & Nagel’s ability to run bonded warehouses, a service that they offer to their customers.
Currently, Kuehne & Nagel run the solution for their consumer goods and drinks logistics divisions, which are part of their Contract Logistics business. The offering has been extended to include the technology division, thus enabling electronics suppliers and manufacturers to benefit from the solution.
Paul West, IT Solutions Director, Kuehne & Nagel, said that to run a bonded warehouse, people need to meet HM Revenues and Customs legislation and software and processes need to comply with the strict regulations. RedPrairie’s software is approved and recognised as the duty management solution, and having already implemented RedPrairie’s warehouse management solution.
Martin Hiscox, Vice Chairman of the Board, Managing Director and President International, RedPrairie, said that RedPrairie’s solution offers Kuehne & Nagel a competitive edge, by providing cost savings to their customers.