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Iot and Supply Chain Integration

“Where Is My Order?” Shipment tracking is one of the most critical services in supply chain management. Millions of dollars worth of goods are lost in transit every year due to a lack of visibility during the shipment process. Therefore, the ability to give an exact and immediate answer to the question, “where is my order?” is critical to the efficiency and robustness of any supply chain. TPSynergy’s IoT tracking devices integrate seamlessly into its award-winning supply chain platform, giving [...]

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Kanban for Hospitals

The Kanban System Kanban is the Japanese term for Just in Time Replenishment. This is a visual tool to refill inventory when and only when needed. As the refill is done only when necessary, there is no excess or shortage. As a result, inventory is always kept lean. Kanban System and Health Care Industry The kanban system has been used successfully since 1940 in various manufacturing industries, and super markets. It is a common sight to see long racks where bakery items [...]

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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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Optimizing Business Output by Using VMI

In any business that deals in physical products, its inventory is its number one concern. Having a surplus means potential wastage and reduced efficiency, while having a deficiency means the inability to fulfill orders. Both situations are potentially disastrous to the business, and need to be prevented at all costs. As such, having an efficient inventory management solution is invaluable to any business. VENDOR MANAGED INVENTORY A vendor managed inventory (VMI) system is where the supplier or vendor holds the products [...]

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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 Blockchain Technology Can Preserve Food Safety

Recently, there has been a large scale case of E.Coli outbreaks in the US, affecting mostly lettuce and lettuce based products. Due to the disastrous effects of the bacteria, keeping it away from customers is of the utmost priority. The difficulty in doing this arises from the near impossibility of fully tracing back a food product to its source. Between the restaurant that serves it and the farm that grows it, there may be a multitude of middlemen, each [...]

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