Blog - Page 4 of 11

The Significance of Forecasting in a Supply Chain

What is Forecasting? In a supply chain, forecasting is the prediction of what to expect in the short and long term for inventory, orders, production, etc. The most common forecast is MRP or Material Requirement Planning. This takes into account customer demand, and looks into supply details like Bill of Lading, and sourcing info to give valuable information on inventory and how best to fulfill orders. Due to the variable nature of a supply chain, forecasts are not always exact, [...]

July 27, 2018 By Srini Raja Supply Chain 0 Comments

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 [...]

July 21, 2018 By Ravi SundarRajan Supply Chain 0 Comments

How to Reduce Risk In Your Supply Chain – Step 1 – Identifying Risks

All business comes with a degree of risk, and that’s not going to change. No matter how streamlined and fail-proof you make every aspect of your business, things can and will always go wrong. This is especially true for a supply chain, where an error in one place can drastically impact everybody down and even before them. The key is to find and reduce your risk wherever possible. This can be done in many ways, but the first step [...]

July 16, 2018 By Srini Raja Supply Chain 0 Comments

Digitizing Your Supply Chain

Although most aspects of daily work have shifted online, one major activity has stayed grounded in the 1980s: data entry. Even today, where almost everybody has a smartphone, computer, etc. the vast majority of data entry for things 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 Paperwork. 1. Save Time While filling out a few forms may seem faster than a [...]

July 12, 2018 By Srini Raja Supply Chain 0 Comments

IoT in the Supply Chain

“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 new IoT tracking devices integrate seamlessly into its award-winning supply chain platform, [...]

June 26, 2018 By Venkat Srinivasan IoT 0 Comments

Understanding Amazon Vendor Central – Order Types

Within Amazon Vendor Central, there are two order types, DC and Direct Fulfillment. They vary in order frequency and processing steps. DC Orders DC stands for Distribution Center, meaning that orders ship to Amazon’s various distribution centers. By default, anybody invited to the Vendor Central Program is added to DC. DC orders work by suppliers shipping inventory as requested by Amazon to one of their distribution centers. Form there, the products are shipped to the end user. Usually, Amazon order requests are [...]

June 9, 2018 By wp_admin Uncategorized 0 Comments

Do You Need Blockchain Technology?

Recently, you may have heard about blockchain technology everywhere. Its omnipresence in today’s publications and trade magazines gives the impression that it will revolutionize the world in the same way as the internet. Is this true? Let’s find out. What is Blockchain? Although blockchain technology is most commonly associated with cryptocurrencies like Bitcoin, the underlying principle can be applied to almost anything, including the supply chain. Even with its widespread use and versatility, the premise is actually very simple. Blockchain is [...]

June 5, 2018 By Venkat Srinivasan IoT 0 Comments

Electronic Kanban (E-Kanban)

What is Kanban? Kanban is a Just in Time (JIT) concept where orders for more inventory are sent only when current inventory is empty or low. In practice, the customer has two bins of the required product. When one bin is empty or running low, its sent to the supplier for restocking while the other bin is used. What are the Benefits of Kanban? Unlike a traditional forecast based MRP system which is prone to both shortages and excesses, the Kanban system [...]

June 4, 2018 By David Inbar E-Kanban 0 Comments

Amazon Payments Reconciliation

Reconciling payments to Invoices in Amazon Vendor Central can be confusing and time consuming for many users. This post explains how to read the payments and reconcile from vendor central. Invoices and Remittances After logging into Vendor central, under Payments tab, you can view the below categories CoOp Invoices Remittance Disptues Current Balance 1. Coop Payments These are the marketing and sales promotion charges Amazon will deduct from the invoices due to the supplier. The charges are agreed between Amazon and the supplier at the time of the [...]

April 10, 2018 By wp_admin Uncategorized 0 Comments

Amazon Vendor Central Shipping Automation

Processing orders and shipping them in Amazon Vendor Central is a step by step process. Each step has to be executed carefully to avoid any chargebacks. The main steps in Order Processing are Confirming Purchase Orders Preparing Shipment Routing Requests Printing Labels Submitting Advance Shipment Notice (ASN) Submitting Invoices Confirming Purchase Orders Each order will have one or more items. Each item has to be either Accepted or Rejected. Rejection can be soft Reject or Hard Reject. Soft Reject means the item is not available now but it [...]

March 5, 2018 By wp_admin Uncategorized 0 Comments