In order for a supply chain to work smoothly, new orders must be timed just right. If an order is too early, there may be costs incurred for storage, but if it is too late then it isn't available in a timely manner for projects and clients. And timing orders is closely linked to cash flow. When using credit cards for orders, bumping up against a pre-set credit line can be disruptive. A business debit card can be a great solution to help manage cash flow, making sure money does not become the weakest link in the chain. It can help you get money for use where it is needed at just the right time.
A business debit card, like PEX Card, can have money added to the main account within a few days, giving you access to funds soon after they come in the door. From there, the funds can be instantly distributed to cards as needed, so purchasers can use that money towards needed inventory. All these transactions can be viewed immediately, and custom reports can be created. This detailed information can provide insight into where money is being spent. It can also help with figuring out the best timing for supply orders. All this can contribute to a smooth supply chain process.
Toffer Grant is PEX's Founder and CEO. He founded PEX in 2006 as a prepaid card solution for small businesses. His background in the prepaid industry began at Clarity Payment Solutions, where he initiated 65 prepaid card programs in consumer, corporate, and emerging verticals of the prepaid card industry.