The era of digitization has seen a tremendous change in almost all the business platforms and especially in supply chain. The shift from heavy paper documentation to the paper-less work is one of the major reasons to accelerate the rate of transaction growth between various business partners and partner systems. The emergence of Electronic Data...
Electronic Data Interchange or EDI is the most advanced way to interchange the data between the business partners. The exchange of data between buyer and supplier, usually consist of purchase orders, invoices, shipping documents, payment receipts, and other related documents. With the advanced facility of EDI, the ease of virtual connectivity between the businesses has...
A small shop at the corner of the colony or the big stores offering you everything from pin to electronic gadgets, the retail industry has changed a lot. With the customer-centric approach and better services, many retail stores are experiencing the real boom in their business. With the advent of the e-commerce, and linkage to...
With globalization, the export and import of goods and services have grown tremendously. To cater to the demands of the global market smoothly, the requirement for a well-structured and sophisticated communication and supply chain channel is required. To answer this need, we have the EDI logistics strategy. To improve the overall efficiency channel, and increase...
How EDI is Shape Shifting Your Legacy Systems Communication and data transfers are no longer elective activities for a business in both B2B and B2C models. And Electronic Data Interchange (EDI) plays a significant role in establishing viable communications. Organizations that stay up-to-date in this regard achieve greater success. EDI has been around for a...
Orders, invoices, catalogues, instructions, sales reports, quotations, and more – the list of documents required in logistics management is endless. Logistics and supply chain is heavily reliant on documents for transactions and communications. But this increased paperwork translates to the increased expenditure of time, money, and resources. And don’t forget the risk of errors. Electronic...
Electronic Data Interchange was not born yesterday. It has been around for decades, and in spite of several developments and revolutions, EDI has remained a pillar in the realm of B2B communications and collaborations. And as new technologies develop, it is critical to reevaluate the role of electronic data interchange in the supply chain. Let's take a look at how EDI is changing the B2B landscape, along with some EDI trends for 2020 and beyond.
