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Software pulled EDI out of the fax era. Now automation is optimizing it, helping businesses drive more productivity and revenue while mitigating risks and costs. But here’s the thing: Just as EDI software felt like a daunting departure from faxing, the mere mention of the word “automation” sometimes makes people sweat. How do I even get started? What’s the time investment? How will this impact my retailer relationships? So let’s break EDI automation down and walk through some manageable best practices, pro tips and what you can expect to get out of it…
Often referred to as the Payment Remittance Advice, the Order Remittance Advice or simply The Remittance Advice, the EDI 820 informs the supplier that the retailer has received an invoice, otherwise known as the EDI 810…
As you increase retail trading partners who vary in their requirements and what systems they use to communicate with you, some serious challenges arise. Challenges an EDI platform should help alleviate. Unfortunately, not all EDI software and providers offer the tools you need…
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…