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Relaunching Your Supply Chain for the Digitial Age

Although most aspects of daily work have shifted online, one major activity has stayed grounded in the 1970s: data entry. Even today, where almost everybody has a host of electronics at their disposal. the vast majority of data entry for tasks like orders and purchases are still done via pen and paper. While this may seem simple, there’s a lot of reasons to switch to a digital data entry system 1. Saving Time While filling out a few forms may seem [...]

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How to Dispute Amazon Vendor Central Chargebacks

In our previous post, we talked about how vendors can avoid their profits being eroded by Chargebacks. It explained what are the various reasons, Amazon may issue chargeback and how to avoid them. Disputing Chargebacks In this article, we’ll see how you can dispute chargebacks in a way that improves your chances of getting it approved. Chargeback Notification Amazon periodically sends a chargeback notification to its suppliers. This email has the details of the chargeback, including the category of the chargeback, the incident [...]

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Using Purchase Orders in QuickBooks Online

Purchase Orders Purchase Orders are important in Pre authorizing an expense. In many organizations, person authorizing the spend may not be the same as the person approving a supplier bill. So it is a good idea to follow the Purchase order process to manage expenses. QuickBooks Online and Purchase Orders QuickBooks online provides good features to manage purchase orders in a simple way. In this blog, we will see how to use Purchase orders feature in QuickBooks Online Turning On Purchase Order Feature Purchase [...]

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How to Avoid Amazon Vendor Central Chargebacks

Every Vendor Central (VC) supplier is familiar with the frustration of receiving a chargeback and seeing deductions from their payment. Due to the immense effort required to list and market a listing on Amazon, it’s important to limit or prevent these chargebacks from occurring. WHY DO CHARGEBACKS HAPPEN There are various reasons as to why a chargeback happens. It’s important to understand these reasons so you know what to monitor. PURCHASE ORDER (PO) ACKNOWLEDGEMENT: Late PO Acknowledgement: If the PO was not confirmed [...]

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A Comprehensive Guide to Supply Chain Collaboration

In every aspect of a a supply chain, there are areas of collaboration. It’s important to understand each type of collaboration, its use in the supply chain, and when a business needs to use it. Some common areas of collaboration include: Purchase Orders Shipments/Receipts Inventory/ Forecast Invoice/Payments PURCHASE ORDER COLLABORATION Some traits of businesses that need purchase order collaboration include: Companies with a small group of strategic, and where most items are single or dual sourced Companies that have frequent small volume purchase orders to the [...]

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Inventory Visibility in Contract Manufacturing

Although it’s not a recent innovation, contract manufacturing is being widely adopted by many large corporations. One notable example of this is Apple, which contracts the manufacturing of its phones to external companies such as Foxconn. While research and development is still done by Apple, the actual creation of its products is mostly done elsewhere. This has a multitude of benefits to both the main company and the contractors. There are two main types of contract manufacturing: consignment and turnkey. [...]

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How to Reduce Risk in Your Supply Chain – Step 2 – Mitigating

(This post is follow on to our previous blog on Supply Chain Risk Identification . You can read about it here: https://goo.gl/VqAbpj) After you’ve identified all of the risk factors in your supply chain, the next step is to reduce it as much as possible. For obvious reasons, some risk factors are easier to manage than others. Some risk factors that you can manage are, but not limited to: INVENTORY RISKS: This is one of the easier risks to manage. Using a [...]

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Supply Chain Collaboration Explained

Collaboration Areas There are many areas of collaboration in Supply Chain. Below are common areas that needs collaboration Purchase Orders Shipments/Receipts Inventory/ Forecast Invoice/Payments       Purchase Order Collaboration Typical scenarios that need supply chain collaboration in purchasing are Small group of Strategic suppliers – Mostly 75-300 suppliers. Most of the items are single or dual sourced Frequent small volume purchase orders to the same suppliers. Generally, 2-3 purchase orders for the same items to the same suppliers every month Frequent Revisions to Purchase orders – Expedite, Delay or Cancel. This [...]

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Inventory Visibility in Contract Manufacturing

Contract Manufacturing on the Mechanism of Metal Gears. Contract Manufacturing is being widely adopted in industries nowadays. It was very popular in electronic industries. Everyone knows that Apple manufacturers most of its products with its contract Manufacturers. While Research and Development is done by the product owners, manufacturing execution is outsourced to contract manufacturers.   Contract Manufacturing can be of two major types Consignment or Turnkey manufacturing. In Consignment manufacturing, all necessary material is procured by the product company and delivered to the [...]

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Dynamic Supply Chain

Dynamic Demand Drives Dynamic Supply Chain Dynamic Demand Fluctuation makes the Supply Chain also Dynamic. Companies are pushing the inventory down the lane to suppliers and would like to delay their procurement as late as possible. Many of the large retailers like Amazon, Home Depot are insisting on very short delivery window of 3 days. They expect to procure and ship with in the same week. This is possible in case of retailers who buy finished goods and ship the same without any [...]

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