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Maintaining accurate inventory records is essential for success in today’s fast-paced, multichannel retail environment. Trouble is, it’s not easy…
Chargebacks are among the leading contributors to small business failure in the United States. While there's no foolproof way to avoid them all, you can minimize them when you know the risks…
D2C (direct-to-consumer) businesses can significantly increase their profitability by implementing the RIGHT Electronic Data Interchange (EDI). EDI systems allow companies to exchange documents and data securely and efficiently. When implemented well, EDI can help your D2C reduce overhead costs and improve order accuracy…
Almost every business is looking for ways to save money and efficiency. Electronic Data Interchange, or EDI, is one area ripe for cost savings and process improvement. However, you may not have the time or expertise to evaluate an EDI provider and make an upgrade…
If you sell your products to traditional retailers and major online marketplaces, Electronic Data Interchange (EDI) is an essential part of your business operations and integral to supply chain management. Most trading partners will require you to use it, and they will expect your company to meet the compliance standards they have established. If your organization is missing the mark, here are seven ways to improve your EDI process…
Maintaining appropriate inventory is paramount in today’s competitive retail environment. Major stores are not happy when they discover a product they want on their shelves is not available, especially when they don’t get advance notice from the supplier. That’s why Inventory Out-of-Stock Detection is so valuable…
As a brand grows and expands its footprint to major retailers, it will be expected to process orders using Electronic Data Interchange (EDI). If you’re new to EDI, it can be challenging, time-consuming, and seem difficult to meet the compliance standards of your trading partners. In fact, as frustrations mount, you may find yourself asking: why do retailers use EDI?…
As companies grow, they turn to more powerful technology to track, manage, and forecast their business. For brands and suppliers selling to retail trading partners, that usually means implementing Enterprise Resource Planning (ERP) software. When they do, some will ask: can an ERP do EDI?…
Looking for ways to increase customer loyalty? You should be—repeat business is a formula for success. It’s easier to follow up a sale with another one—it’s getting the first purchase that’s the biggest challenge. But today’s consumers have more options than ever before, suppliers are often responsible for shipping to them directly, and building a base of frequent buyers requires careful attention. For brands and retailers, finding ways to increase customer loyalty should be a key initiative…
Drop shipping and online sales remain a bright spot in retail, and the opportunities they present for brands and suppliers can’t be ignored. According to a report from the National Retail Federation (NRF), non-store—outside of brick-and-mortar locations—and online retail sales are expected to grow between 11% and 13% in 2022. That translates to a market size of $1.17 trillion to $1.19 trillion. Clearly, online warrants serious focus, and major retailers now expect companies to drop ship direct-to-consumer. The challenge is that it’s an entirely different sort of order processing, requiring small shipments to hundreds of addresses instead of large shipments to a single store or distribution center. So the question is: how can you make drop shipping easier?…