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Electronic Data Interchange (EDI) software is a necessity for brands working with retailers. But with so many options, how do you choose the right one?…
The following article is 100 percent apolitical. We’re in the EDI business and the EDI business alone. That said, it is worth exploring what potential impact a new presidential administration might have on EDI practices for brands and retailers. Ultimately, it depends on an administration’s priorities, particularly in areas like trade policy, data security, and regulatory changes. Here’s what to pay attention to……
Earlier this month, Adobe Analytics came out with some very interesting online holiday shopping data. Here’s what stood out to us……
There are few moments more exciting for a brand than when they strike their first retailer relationship. After the champagne, however, is when the real work begins…
All brands that sell through retailers are familiar with chargebacks. (Hopefully not too familiar.) Retailers issue chargebacks when requested shipments are out of compliance: wrong quantity, wrong location, delivered too early, delivered too late, and inaccurate paperwork. There are a number of reasons a retailer might issue a chargeback to a supplier brand – and none of them are good…
Electronic Data Interchange, or EDI, is how brands and trading partners (retailers) communicate. It’s how they transfer data such as invoices, purchase orders and shipping notices. Done right, EDI reduces manual errors, speeds up processing times and, generally, strengthens the relationship between brand and trading partner…
Inventory turnover is a metric that measures how often a company's inventory is sold and replaced over a specific period, such as a month or a year. It reflects how efficiently a business manages its inventory in relation to its sales or production processes. Inventory turnover is measured by what’s called the inventory turnover ratio…
With Black Friday and Cyber Monday just days away, peak retail season is upon us. Brands are in final prep mode ensuring that all systems are go. And for those that have trading partner relationships with retailers, ensuring that their EDI is ready for the holiday crush is a top priority…
Electronic Data Interchange (EDI) systems are essential for businesses that need efficient, standardized communication with trading partners. An EDI audit helps assess the reliability, accuracy, and security of your EDI setup. Here’s a step-by-step guide to conducting an effective EDI audit for your brand. Define the Scope and Objectives Before starting, determine the scope of the audit. Identify key areas like data integrity, system security, compliance with industry standards, and partner-specific requirements. Set clear objectives, such as identifying errors in data transmission, evaluating system security, and improving transaction accuracy. If you’re working with a full-service EDI provider, this is the perfect time to bring them in on the audit. Assess Compliance with Standards Review whether your EDI setup complies with…
Sell-through rate is a critical metric for businesses to track, but it's often misunderstood. Let’s dig into what it is, why it matters, and how you can improve it. What is Sell-Through Rate? Sell-through rate measures how quickly a brand sells inventory compared to how much it receives from suppliers. It's expressed as a percentage and calculated over a specific period. This is the Sell-Through Rate formula: Sell-Through Rate = (Number of Units Sold / Number of Units Received) x 100 Example: If you received 100 units of a product and sold 80 units in a month, your sell-through rate would be 80%. Is Sell-Through the Same as Sell-Out or Sell-In? Though they all sound similar, sell-through, sell-out and sell-in…