For EDI-implemented companies, integrating transaction processing with ERP is the single biggest saver in improving process efficiency and reducing errors. Reaching the ultimate connection means minimizing keystrokes and eliminating duplicate effort through electronic, system-to-system updates of information.
Simply filling orders is not enough to ensure retailers their customers are pleased with the products and services they receive from a company. In addition to fulfilling customer demands, retailers need to be concerned with the timeliness and accuracy of the orders they fill. Sales lost due to the shipment of incorrect or damaged products or even delayed delivery can lead to red ink coloring a bottom line. Certainly, that’s not an ideal situation.
Global expansion might mean greater profits for international companies, but if their supply chain marketing materials are unorganized or unclear, bottom lines suffer, according to a study to be released soon by InfoTrends, a worldwide market research and strategic consulting firm for the digital imaging and document solutions industry. The study, entitled The Future of Global Marketing Supply Chain Management, is designed to provide a clear understanding of the current state of and trends impacting the marketing supply chain for companies and the providers who serve it.
In reviewing the business elements of a company that interfaces with EDI, I am certain the most difficult to understand is the “Supply Chain”. The most common mistake is thinking that “Supply Chain Management” (SCM) is just another name for “Logistics”.
Data loss is the greatest concern for supply chain professionals, according to a poll of nearly 500 IT and risk-management professionals conducted by Forrester Research on behalf of BitSight. The results, released earlier this month, indicate that when global supply chain pros work with third-party vendors, 63 percent fear the loss and theft of confidential data more than any other risk.
In our increasingly automated and digitized world it’s common for business relationships to thrive for years without having face to face meetings between the retailer and their suppliers. But there are those times when sitting across the table from each other makes sense - and is beneficial. We would like your opinions and experiences about these meetings and how you think they can be made better.
Your first thought might be: “I know already or I wouldn’t be reading this publication.” Yes, we will give you the “schoolbook” definition. We will even tell you a brief history of EDI (Electronic Data Interchange), but our real purpose is to give you the modern era definition of EDI; and back it up with an expert opinion.Developed in the United States in the mid-1960s, the idea of what became known as EDI today originated with a group of railroad companies.
The global pharmaceutical supply chain can now boast its own Top Ten list, ala comedian David Letterman. That’s because following nine months of extensive research on the topic, a report delineating and explaining the industry’s top concerns has been released.