In a business environment that’s ever-increasingly dependent on and driven by metrics, the perfect order seems like, well, a perfect metric. R. Wang of Constellation Research originally conceived and developed the perfect order as a as a tool for retailers to monitor supplier performance.
Supply Chain Management's biggest contribution to the corporaton's bottom line is to improve the order to cash process. It is so important that order to cash improvement should be the first line in SCM's mission statement.
This paper will present a clear, simple path to successful implementation of a highly productive and profitable EDI initiative in your company. If you're about to bring EDI into your processes, this brief will help you avoid the potential pitfalls encountered when approaching it without this guidance. If you’ve attempted to implement EDI already, you’ll likely recognize at least some of the problems we describe, and gain from our explanations on how to avoid them.
One of the biggest business changes wrought by the rise of the Internet is omnichannel retailing – the ability for consumers to make purchases at any time in any place, and then have the product directly delivered to any address in the world.
The first one is a bit silly. 95% of all EDI users are spokes and they use what their hubs tell them to use. So the only companies that this can possibly apply to are Hubs. But perhaps there is a little bit more. The one that specifically comes to mind is the 820 Remittance Advice. It can be used to both inform your trading partner that they are getting paid and it can instruct the bank to make the payment (SWIFT or ACH).
This paper will present the key components of a successful automated integration solution for ERP and EDI without customizations. After reading this paper you'll learn how to gain a competitive advantage with this approach to EDI and ERP integration and how purchasing tools which force customizations to your ERP system can leave you responsible for costly and time consuming modifications to the systems.
Customers turn to logistics services providers (LSPs)/third party logistics (3PLs) companies because they expect them to be able to run their warehousing and transportation operations more efficiently and cheaply than they can run it themselves. These companies need to incorporate new service offerings and respond to new market requirements quickly and easily, while keeping IT costs low.
“If you are a retailer without logistics and delivery capability, you have to decide what omnichannel means to you,” says Ram Ganeshan, a professor of business at the Mason School of Business at the College of William and Mary.
It might seem odd that EDI, data exchange technology that’s been in existence for more than two decades, is the saving grace for global commerce. But, according to James H. Davis, director of sales for Amosoft, an EDI services and solutions entity, a vast majority of all commerce utilizes EDI. “EDI is older technology that continues to be significant in today’s global supply chain,” says Davis.