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SUPPLY CHAIN OFFSHORE MERCHANT ACCOUNT MANAGEMENT AND ECOMMERCE

A supply chain means the flow of products and information associated with those products from the starting point to the customer. The important activities in a supply chain are:

  • Sales forecasting
  • Customer Service
  • Distribution
  • Materials Management
  • Purchasing
  • Production Planning

These activities are very important for any operation to succeed whether they are service providers, wholesalers or manufacturers. The internet and Ecommerce have changed the nature of the supply chains, and have redefined how consumers know about, make their choice, buy and make use of the services and products. This has resulted in “business to business” supply chains which are focused on the consumer rather than on the products. Customized services and products are also provided. Ecommerce has impacted the process of supply chain management in various ways which include:

Cost Efficiency – Transportation companies, big and small, exchange documents electronically. This is very convenient as there is no need of physical documents to be carried around or posted from one company to another. Ecommerce has allowed trucking firms, freight forwarders and shippers to stream line their document handling activities without investing much time and money that was required in traditional document management systems.

With ecommerce, firms can enhance customer service, accelerate business cycles, stream line business processes, improve the accuracy of data and reduce costs drastically. Ocean carriers can exchange many important documents with their trading partners with high efficiency and accuracy. The only hardware that you will require to get all these benefits for your company is: an internet connection and browser and a computer.

Changes in distribution system – Ecommerce will help businesses to manage the complex movement of information and products between customers, suppliers and businesses. Ecommerce is used to close the link between the distribution centres and customers. Customers will also be able to manage the movement of information and products through the chain.

Customer Orientation – Ecommerce is an important link between the internal and external transportation services. It will help firms in delivering better products and services to the consumers and increase the rate of growth of their companies. It will also lower costs of the business. Using internet and ecommerce will permit customers to pay freight bills, track shipments, place delivery orders and access information regarding rates.

Shipment Tracking – Ecommerce allows companies to provide account to their users which they can use to get real time status of their cargo shipments. They can also submit a freight claim, analyze charges, place a cargo order and submit lading bills. Additional, electronic commerce permits customers to track down each of their products and make some decisions regarding their support functions. Encryption technologies are used to make the business transactions secure.

Shipping Notice – Ecommerce has automated the process of receiving by transmitting a list through the internet. Therefore, firms can now record and track each parcel, pallet and any item that is shipped.

Freight Auditing – This makes sure that every freight bill is efficiently reviewed. This results in reducing the risk of overpayment and eliminates paperwork. Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.