Industry Updates

Managed Services Offset Complexity in the Supply Chain

complexityMany supply chain participants feel their operations are too complex for them to manage. EDI service providers offer “managed services” to address complexity.

Improving Accuracy and Consistency with Electronic Order Processing

accuracyIn any business, it’s rare to find anything that’s “always true.” But to say you can vastly improve accuracy and consistency by using EDI (electronic data interchange) instead of paper for your order processing comes very close to being, well, a fact. And an obvious, almost direct benefit to improvements in these areas can be seen in the bottom line.

The Unnecessary Costs Of EDI Document Errors

fixing-exe-errorsPurchase orders and a cacophony of other documents and forms that comprise your supply chain are the lifeblood of transporting your goods from suppliers to your customers. Fortunately, those documents are relatively simple and straightforward. They usually follow a standardized format and include information that has already been defined and collected. In fact, most retailers create the purchase order sent to a supplier as an EDI document via an automated function completed by the company’s ERP system.

EDI Modifications and Updates

updateImplementing EDI, and subsequently ensuring that a company’s EDI remains compliant, almost always falls upon a company’s IT department, because all of the surface elements of EDI are directly tied to the company’s computer network. Making sure EDI actually streamlines order processing and delivery, however, requires a lot more than installing software and ensuring the network is running smoothly.

Save Time – And Money – With Electronic Order Processing

saves time moneyThere’s no doubt that the old cliché “time is money” can be overused in business, in the sense that there are certain areas where the maxim just doesn’t apply. But when considering EDI (electronic data interchange) as part of digital operations, the phrase could not be more fitting.

Understanding Context, Improving Timing Help Avoid Invoice Deductions

CommunicatingBoth retailers and suppliers understand that invoice deductions can be  useful devices for enforcing compliance. In part this is because retailers simply don’t have many tools to really press the issue when suppliers can or will not meet the agreed-upon conditions for product purchase and delivery. Deductions provide some financial redress for buyers, and are a negative incentive for suppliers.

Industry Updates

eC-BP brings you the most useful and current information on optimizing your supply chain efforts. Whether your concentration is on EDI, logistics, manufacturing, retailing or any other segment of the supply chain, eC-BP brings you the best and most current information in our Industry Updates section.

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