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Key Features Of Supply Chain Management Software Solution

Monitoring and managing the flow of data, goods, and finances from initial stages of product development to the time it reaches to its final destination, a supply chain management software solution does it all. Without it, businesses often fall susceptible to making mistakes at each stage, from production to shipment, which can lead to delays, customer frustration, and lost revenue. This is why we see more and more organizations incorporating it into their practice worldwide.

Since it integrates various business verticals into a centralized single system, it has now become an integral part of business operations, enabling organizations to improve their efficiency and generate more revenue. That said, you, being a business owner, may also be thinking about implementing it. If so, make sure that the system you opt for has a few common features to ensure maximum returns.

The most common features that a supply chain management software solution should include are as follows:

Inventory management

It’s a critical feature that enables you to track and manage the availability of stocked goods, raw materials, or spare parts. It also helps you with asset management, future inventory, barcode integration and price forecasting.

Order management

Overseeing purchase orders is often a tedious and complex task. A good supply chain system helps you automate purchase order processes including generation and tracking of purchase orders, scheduling of supplier deliveries, and many others.

Logistics and shipping status

This is a crucial aspect that assists you with coordinating transportation channels, refining delivery performance and boosting customer satisfaction, which ultimately helps your business in the long run.

For the best supply chain management software solution, make sure you go through Techdinamics and include it in your practice.

Top 4 Benefits of an Integrated Supply Chain Management

Did you know that the percentage of companies implementing integrated supply chain management is expected to rise from 60% to 83% by the end of 2018? Reports and surveys suggest that no less than 79% of companies who have implemented high-performing supply chains are seeing a much greater growth in revenue.

Benefits of supply chain

For a better understanding of why it is suddenly gaining popularity among industries, let’s take a look at the top 4 benefits of an integrated supply chain system.

  1. Clearly, it is one of the most important needs for a company to be flexible and adaptable to a variety of unprecedented situations. The application of an integrated supply chain system gives a company the capacity to perform more easily and flexibly than any other method. The just-in-time characteristic eventually helps in bringing down the warehouse maintenance costs by limiting the space needed. Just-in-time essentially means assembling and manufacturing the products just when the order comes in.
  2. Management of a co-operative and innovative supply chain system effectively will only assist in producing better results and profit. This happens because product delivery gets way quicker and without much of a failure rate, thus resulting in a significantly higher profit margin.
  3. Warehouses in industries often struggle with over and under stocking problems. This happens majorly due to human error. By successfully implementing a supply chain management system, you wouldn’t need to bother about such issues and will be able to focus on more important areas of the workplace.
  4. With a tightly integrated system, the production planners have the capacity to focus on the order fluctuations, thus eliminating mistakes in delivery. It gets way easier and efficient to correctly count the quantity of products to be delivered in the right order, from the right box. This eventually results in a lesser number of poor product handling situations.

Techdinamics Warehouse Integration solutions makes supply chain management implementation easy. With over 15 years of experience — providing services to businesses of various sizes — Techdinamics has the experience and know-how for making small and large projects successful. Get in touch with us, today!

Automate Your Business Verticals with a Logistics and Supply Chain Management System

by EZ Marketing in Techship Comments: 0

Business processes are complex and involve more than a couple of verticals working in sync to provide a positive end-result; i.e. a profit statement. To make sure you are on the right track at every distinct vertical and there’s an automated supply of process knowledge and information – having a logistics and supply chain management system is not just a necessity but an everyday requirement in this age of growing competition.

How does Logistics and Supply Chain Management work?

By using robust cloud environment – meaningful verticals change into meaningful, profitable results, where you have specific data management going on one time or the other. The whole complex web of ideas, innovations, and necessary actions from each department soaks up wet areas or loopholes in your business by eradicating the need for manual labor and by improving customer service, logistics (supply and sale), visibility, payments together as an integrated order.

It was evident in this critical age of technology that when revolution gave us the modern-day tools, our mental capacity could only hold account of a few things, for the rest, robust cloud environment works well perfectly. The collaborative effort between various enterprises with supply chain networks is at times managed directly by evaluating a performance scorecard, and identifying the errors in each transaction (if any) that’s electronic.

When you need a one-stop-shop to better your supply chain experience – choose Techdinamics – the one stop shop for all your B2B needs – fulfilled here. Improve your strength and hold on the supply chain by making information available to all the stakeholders and clients alike. From reporting, data analytics, data collection, reporting, and alerting services you’ll never get enough of your management system yet feel secure at the same time.

Install a system today!

Understanding the fundamentals of integrated supply chain management

Referring to an enterprise resource planning approach, Integrated supply chain management aids in facilitating a plethora of business relationships with its suppliers, while managing all the logistics and distribution activities by the means of a centralized system. The supply chain management encompasses the tactical, strategic, and operational level of decision making, wherein it helps to level up with the ever-increasing competition and thinning profit margins. Referring to an enterprise resource planning approach, Integrated supply chain management aids in facilitating a plethora of business relationships with its suppliers, while managing all the logistics and distribution activities by the means of a centralized system. The supply chain management encompasses the tactical, strategic, and operational level of decision making, wherein it helps to level up with the ever-increasing competition and thinning profit margins.

Before delving deeper into the subject matter of supply chain management, it is imperative to have an understanding of its functionality.In pursuance of creating one specific product for a company, a supply chain makes up a group of suppliers where each supplier acts as a link in the chain that aids in adding time and saving money. Being a large-scale business strategy, a supply chain integration brings in all the possible chains together to improve the efficiency of the organization.

There are a couple of ways through which an integration is done:

1     Through a merger with a firm that is already present in the supply chain, which becomes a binding approach.
2     Through the exchange of information and exclusively working with customers and suppliers, making it a non-binding approach where one company does not absolutely own the supply chain.

In pursuance of making the process easier, Techdinamics Solutions Inc. helps in supporting a multitude of business processes to gain benefit from the automation and integration. From secure payment gateways to various applications to customer service and logistics, we, at Techdinamics have it fully covered in the most secure way possible.

New Couriers Added to Techship

Welcome Loomis

by Announcements in Announcements, Solutions, Techship Comments: 0 tags: Carrier

Techdinamics Integrations is continuously working to expand the list of couriers supported by our Techship multi-courier platform. This month we are pleased to welcome, Loomis Express.

Loomis offers a wide range of domestic and export services that you now have access to through your Techship portal. If you ship domestically, Loomis can get your packages to every postal code in Canada. For international shipments, you can send packages to over 220 countries and 120,000 destinations worldwide with Loomis.

UPS Address Validation

by Announcements in Announcements Comments: 0

Did you know that we now have UPS address validation? When you type a ship to address, the City-State-Zip Validator checks that the Province/State, Country and zip are a valid combination. If the combination is valid, the shipment is processed. If the combination is not verified, a valid address combination will be suggested. While it doesn’t capture every possible mistake, it greatly reduces error costs and time consumption on your end.

Rate Shop Couriers

We’re excited to announce the launch of rate shopping in our multi-courier shipment solution, techSHIP! Rate shop is perfect for those looking to ship the cheapest way possible across carriers. This process happens automatically so there is no extra work on your end. Simply turn it on and ship at the best rate available. Happy Shipping!

Learn more about on the techSHIP page.


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USPS Negotiated Pricing

by Announcements in Announcements Comments: 0

If you have been holding back from shipping USPS, we want to let you know that as part of our courier integration, we also offer very attractive shipping rates. Contact for more information.

EDI Stories from the Field

by edward in Uncategorized Comments: 0 tags: B2B, EDI

Over the years of doing EDI consulting, we have found that many otherwise successful companies find themselves facing great difficulties conducting electronic data exchange with vendors and customers. We estimate that many companies blindly lose 10 to 30 percent of their revenue to penalties, lost of sales etc.

Story 1: The Cash Flow Disaster

A mid-sized retail company found themselves conducting a big part of their business via EDI. Customer demand was high, shipments were up. They began to notice that more and more invoices were not paid, and accounts receivable was growing. Discussions with customers revealed that the invoices were not being paid because they contained EDI syntax errors and needed to be corrected.  The EDI group within the organization was contacted, and at first they denied that a problem existed at all.  After going back and forth between the customers and their own EDI group, management confirmed that there were issues with EDI which continued to affect new invoices.  The customers refused to switch to manual paper invoices and the company found that correcting EDI data manually was a very time-consuming process, highly prone to errors.  In addition to the unpaid invoices, the penalties for errors continued to grow, damaging realized revenue even more. AR was over 6 months overdue on many invoices.

Management finally tried looking for external help but it was too late, despite a healthy orders book, they were forced to close the business due to insufficient cash flow.

Story 2: The Costly Discovery

A record company was happily filling orders for their CDs to be sent to a major retail store chain. The company was happy to have such a high-volume customer. The AR Department found that a number of invoices were not being paid, with most in the six-month-overdue category.

Investigation showed that the invoices were being rejected by the customer and many EDI notifications had been sent to the company.  The messages were not being processed by the record company’s system with the same scrutiny as other transactions so no one in the EDI group noticed.

After a great many hours and many meetings most of the six million dollars overdue was recovered. This was an accidental interest-free loan for their customers, which cost over $150,000 in lost interest.  The greater loss was the need to negotiate at a disadvantage with a large customer because of the record company’s EDI system shortfalls. Their service image is still under repair.

Story 3: Outsmarting Yourself – The EDI Game

A mid-sized manufacturing company felt they had finally ‘beaten’ EDI problems by circumventing their own technology.  They intensively trained Order Entry personnel so that each employee could understand, and be able to read, raw EDI data and compare it to data imported into their SAP system.

Despite the considerable time and labor costs of entering orders, management felt that the approach could considerably reduce overall costs.  They were very proud of the work they had accomplished, and to their credit the company performed better than many of their competitors in EDI data flow with their customers.

Unfortunately, a close analysis revealed that they were not without problems.  In one instance, they received a blanket purchase order for a considerable amount of goods from a large retail chain.  The order came in November with the first delivery due in May and was large enough that it required complex planning and additional investment to complete.

On the day when the first trucks were due to arrive, many of the other orders had been rescheduled or moved to a later time. The warehouse floor was full of prepackaged goods for quick loading. But no truck came. The trucking company, when called, explained that no truck had been requested by their customer.

After a few calls to the retailer, it turned out the order had been cancelled just prior to midnight the day before via an electronic message. This message was automatically accepted by the EDI system. The employees who manually review all EDI transactions had ignored it. Because the warehouse had un-knowingly accepted the cancellation request, the customer they had no responsibility for the order.

Story 4: Order Cancellation — What You Don’t Know Will Hurt You

While conducting a review of EDI-process performance for a distribution company, we noticed a large number of ‘lost’ orders.  It is common practice for customers to put a deadline for fulfilling an order. Missed shipment or acknowledgement results in the order being considered cancelled. Almost 30% of all orders were cancelled this way. Senior management was aware that some orders were being cancelled but did not realize the magnitude of the percentage.  Adding insult to injury, the customer often verbally requested increased quantities which were not reflected on the invoices.

Story 5: Who Do You Believe?

A number of senior managers for medium-sized companies all had a similar concern. They did not know whom to trust, their internal staff or their customer. Prior to negotiation meetings with the customer, management would arm themselves with facts and arguments related to EDI. However, from the customer’s perspective, the picture was quite different. And the customer’s word was backed up by comprehensive reporting from the customer’s systems.

Story 6: The Penalty Box

While conducting a review of an EDI department for a mid-size manufacturer we uncovered problems with the EDI invoices. Invoices being produced by their PeopleSoft system failed acceptance by their customer’s EDI process. Each time, a penalty of 50 to 80 dollars was applied and the invoice was rejected. The EDI staff noticed the problem and tried correcting the issue by re-sending the invoice. But they did not increase the control number (counter). The invoice is rejected again and another penalty is applied. After an unsuccessful third attempt with a third penalty charge, the EDI group gives up and the invoice is not paid. Unfortunately, this was not an isolated event.