How does EDI Standardize the Supply Chain & Customer Satisfaction?

Electronic Data Management (EDI) is an integral part of the supply chain. It is a computer-to-computer exchange of trade data in a standardized format. Compared to traditional legacy systems, EDI provides customers flexibility into the supply chain business ecosystem by facilitating visibility into key documents like orders, acknowledgements, order amendments, shipment notifications, invoices, remittance advice, routing instructions, commission sales reports, Price/Sales Catalogs, technical Information etc.??

Some of the top-notch benefits of EDI are:

• Fill gaps in dataflow documentation and save time and order processing time, and delivery?
• Eliminate errors in manual data entry and boost accuracy and efficiency in information management.?
• Ensure security as only authorized users can view and take action.?

Who Needs EDI?

Manufacturers?

Maintaining efficient communication and providing real-time updates to consumers and traders are crucial for manufacturers to streamline the product life cycle. The EDI system helps manufacturers track orders and deliveries to retail outlets and distribution centres.???

Retailers

The time consumed in creating and receiving orders is always a problem for retailers. But, retailers equipped with an EDI system find it easy to send orders directly from point-of-sale to suppliers' computers. EDI provides efficiency, accuracy, and enhanced speed in controlling and optimizing workflow.???

Logistics

EDI is the lifeblood of the logistics industry. In logistics, EDI helps in enhancing communication systems and transaction modalities through secure channels. Fluidity in communication and transaction is necessary for logistics to enhance delivery.????

Components of EDI

Trade Document

An EDI trade document is the exchange of information between you and your trade partners. Today, the proliferation of eCommerce has extended trade partnerships to a new level. It's no more about two or three partners. However, advancements in IoT have brought enhanced scope for collaborations. In such cases, electronic trade documents ensure easy data collection, storage and distribution.??

Standard Document

There are many EDI document formats that businesses use to enhance data interchange, namely, ANSI, EANCOM, SAP, SWIFT, TRADACOMS. Adhering to a single format to standardize information flow is necessary to enhance productivity?

Translation Management & Mapping Software

It is the software used to convert data to and from a specified format; that is it can convert enterprise data into a standard format and it can also convert standard data into an enterprise format.??

Communication Software?

Communication software ensures data flow and its proper delivery to authorized sources. Timely communication and transfer of data in a recognized standard format is crucial in the supply chain to enhance productivity?

Communication Network

The communication network determines the network link EDI uses to share information. It can be:

Modem: Data transmission from one computer to another through a hardware device

VAN: Connecting devices from one organization to another?

Point-to-Point Link: Direct communication link between trading partners.??

Switch to EDI to Amplify Your Supply Chain Business

Catching the pace of technology is crucial to bring transformation. Documentation and data interchange are essential parts of supply chain activities that determine access to the market and productivity. Electronic Data Interchange or EDI ensures efficiency, accuracy and security in data. Hence, gone are the days of manual data maintenance! Switch to EID & accelerate the supply chain's future.?v