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A High-Level Overview of Electronic Data Interchange How does EDI (or, electronic data interchange) work? Good question. There’s a short answer and a long answer. And since everyone is tight on time these days, let’s start with the short… EDI is the electronic communication of business documents such as purchase orders, confirmations, invoices, shipping updates, and more, between suppliers and retailers. Each document is associated with a three digit code.* Before we dive deeper into how EDI works, first check out our What is EDI? primer. Some retailers will require numerous EDI documents. Others will only utilize a few. It all depends on each retailer’s compliance standards. But one thing is for sure: When a supplier is compliant with a…
Switching EDI providers sounds daunting, but with the right mindset and preparation the task isn’t as tall as you think it is. Here’s what to expect and how to prepare…
Congrats! A major retailer wants to carry your product! That spells distribution, brand awareness, revenue and… Testing. Specifically, EDI testing. As you likely know, virtually all retailers require EDI compliance from their suppliers. It’s how they ensure that elements of the relationship are economically viable. Timeliness. Accuracy. Predictability…
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…