Optimizing Business Output By Efficient Inventory Management System

Whenever you have a business, you will have a lot of stock to deal with. A fast growing business needs to know that how can it manage inventory. Inventory management is a key tool to increase the productivity and efficiency of the organization. If the inventory of the organization is not managed it will lead to inefficiency of the organization as the supplier and the vendor would not know what items needs to be ordered, which items are already present and which needs to be replenished. Hence, a vendor managed inventory needs to be set up in the organization in order to know the statistics of the system and what, when and where to stock needs to be ordered and dispatched.

A vendor managed inventory allow the system to see and do the analyses the system from within as how many stocks are already available and how many of them needs to be ordered or manufactured. This kind of inventory visibility allows the company to keep a track on the orders they make and also allows everyone to be updated on the items they are manufacturing.  In the vendor managed inventory the inventory visibility is a key part that needs to be known and understood. The major players of the vendor managed inventory needs to know the inventory status of the system and hence make accurate calculations accordingly. The major players of the vendor manager inventory are the suppliers that supply the product to the company, warehouse providers that store the inventory and small to bulk amount, transporters hat transport the product to different locations like the ware house, shops, retail stores etc. These three players need to know the inventory status of the system. The inventory visibility of these three players is essential because if the supplier does not know what amount he needs to supply it will create a problem for the warehouse management team. The warehouse management team will not be able to judge the amount of supply coming in from the supplier and they will not be able to manage their inventory which is already present and which needs to be dispatched. Same is the case with the transporter as if he is not given the inventory visibility he will not know how many reps he should be making to supply the inventory from the warehouse to the retail shops or vice versa. Everybody in the system should have a inventory visibility chart in the vendor managed inventory as it will make it very easy for the entire system to make sure that they do not produce in excess quantity. Tpsynergy.com provides the inventory visibility tools for the organization. So, visit the website and have your inventory managed. 

Supplier management is essential for consistent production

In a company which is trying to integrate new technology the biggest hurdle is if the people or its employees are going to accept the new technology or not. There have been many cases where when a company has tried to accept a new technology its employees have rejected it and it never came in to the light. Hence, the problem for new technology onboarding comes down to the manufacturer of the new technology. The manufacturer needs to make sure that the new technology is easy enough for the new employees and also easier than the previous technology the employees have already been working on. 

The vendor managed inventory software that TP synergy has created is very easy to adapt and does not require very complex understanding. The supplier onboarding process for the vendor managed inventory is very easy to adapt as it gives a good idea to the supplier itself for managing the inventory. Order acknowledgment, receipt, delivery confirmation all these things are done by TP synergy and sent to the ERP system for acknowledgment. Supplier communication is very essential for supplier on boarding here, if the supplier is communicated about the benefits he can have by getting on boarded, it is actually going to save a lot of time and money for both the supplier and the company as well. The previously installed system in this case remains as it is all that is added to the system is the TP synergy’s vendor managed inventory tool. Hence, supplier onboarding through supplier communication play a key role in adoption of the vendor managed inventory. Get in touch with the TP synergy website and get to know the details of the vendor managed inventory system and allow yourself to cut down extra cost and same time and money.    

One Stop Software Solution with Dynamic Result

TpSynergy offers ultimate supply chain to the potential customers. Take a look to our product range and get the information of the Supplier Portal. We will give you instant access to the suppliers’ site to know the current status of the products. We give you integrated customer experience with excellent data services. We offer robust enterprise security and help to leverage your previous IT investment. Our flexible front end solution includes complete portal with a skilled software solution. We have latest dashboard and advanced CMS and we create a good portal for the suppliers.

Build an Excellent Portal

Improve the profitability of your business by creating VendorPortal Software. We help you to improve the performance of your organization. We give you end-to-end vendor management solution. We designed e -Commerce solution for a complete automation platform. Vendor portal allows vendors to connect online with a secure manner. This will provide you a web based platform. The main advantage of the vendor portal is that it will give service more efficiently with less operational cost. Suppliers and vendors can directly submit invoices into the vendor portal. This can be seen by the managers directly. This will reduce disputes and also it will give an answer to all the invoice payments of the vendors.

We help to create vendor portals and streamline all your information at one place. This will provide you a discount. We make sure that your vendor portal would be designed to give you the best service. We offer vendor management solutions. Our vendor management software simplifies the supplier data and ERP platform. Our supplier portal is automated and less time consuming. You can improve profitability of your business and get an error free designed portal. We give comprehensive portals to our customers.

Supply Chain Collaboration Is Crucial For Businesses To Achieve Optimum Operational Efficiency

Supply Chain has always been an integral part of any business. Supply Chain function is highly responsible for in – bound and out – bound logistics and moreover, the internal processes of the organisation. A supply chain collaboration enables the organisation to convey the accurate information to the distribution channels and also to enable the client or the final customer to track the processing and get the status quo of his requirement. Therefore most of the organisations have invested a considerable time and money to enhance their supply chain activities and thus achieve optimum operational efficiency. All the processes like taking quotation, sales order, purchase order, billing and e-mails have been completely automated to shorten the cycle time of each output.

A supply chain collaboration includes suppliers, customers, logistics and warehouse. Each and every business process is linked with them. Supply chain visibility becomes very crucial in case of e – commerce businesses where they take several orders and process them simultaneously. On time delivery of the product becomes very important and moreover, generating e – invoices and notifying to customer is an integral part of the process. A sound supply chain mechanism in an organisation enables end to end solutions for inventory management and logistics visibility. It enables monitoring and controlling of each and every step involved in the complete process.

Organisations like Amazon and e – bay flourish in the market due to their strong supply chain collaboration and logistics management. Their processes are highly efficient and therefore they are able to deliver quality services. There are various third party providers of end – to – end supply chain solutions to the organisations. Most of the large corporations outsource their supply chain management to these third party vendors. It is also profitable as these third party providers have expertise in providing services and organisations can focus more on their core competencies.

Amazon Vendor Central Chargeback Explained

Why does Amazon Deduct from My Payments

This is the question many suppliers ask when they see the Remittance advice from Amazon. There will be many deductions in the total amount paid. Understanding the reasons for these deductions will help to avoid the charges and improve overall profitability.

Reasons for Amazon ChargeBack

There are many categories under which amazon will add chargeabck to a payment. The categories as below

Shipments Fulfillment ChargeBacks

 These charges are due to the actual date of fulfillment of the supplies.

1. Shipments outside the ship window :  If the supplier ships after the ship window, then it will lead to charge back upto 10% of the cost of the product.
2.  No Delivery Cancellation : If the order is not delivered within the delivery period and the order was not back ordered earlier, Amazon will cancel the order and chargeback the supplier for delivery compliance.
3. Routing Request : For collect orders (Amazon pays the shipping charges), Suppliers are supposed to create routing in advance. If they fail to create the routing request, or if the collect date is outside the ship window, it will lead to No routing request chargeback

 Shipments Label Issues

1. No PO on Carton Label : Each carton label should have the PO number printed on the label. If not, Amazon will chargeback for this
2.  Expired Product : The product has expired or close to Expiry
3.  No Barcode on the product : Each product should have barcode
4.  No Label on Carton : Amazon expects each carton/container to have barcoded label pasted on the box. If the label is missing or not scannable, Amazon will charge each carton for the missing labels

Advance Shipment Notification (ASN) not created in Advance

1.  ASN Not in Time:  If the supplier does not submit ASN within two weeks of Receipt of the Shipment, charges will be added for No ASN.
2. Late ASN : Vendors are expected to create Advance Shipment Notification (ASN) to Amazon either in Vendor Central or through EDI before the shipments reach Amazon's Fulfillment Center (FC). If not, Amazon will charge Late ASN fee. This can be $5 for Small parcel shipment and $150 for Less than TruckLoad (LTL)

Packaging Related Chargeback

 
Bagging, Boxing, Bubble Wrap, Stuffing , Taping issues can lead to charegback.

Avoiding The Chargeback

Processing Amazon orders in time, providing correct labels on the packages and creating Advance Shipment Notification in time are the keys to avoid chargebacks. Using a good EDI system like TPSynergy EDI will automate the order processing with Amazon. Using an EDI system to acknowledge orders in time, create Advance Shipment Notification (ASN) can help to avoid chargeback situations.