It was not an April Fool’s joke when printed invoices became outlawed in Mexico as of April 1. The move was designed to force the nation’s businesses, both large and small, to adopt electronic invoicing techniques.
The rules regarding electronic invoicing (e-invoicing) in Latin America are both constantly changing and different than anywhere else in the world. Brazil utilizes Nota Fiscal, Mexico mandates CFDI, Argentina elects for eFactura while Chile count on DTE. While the laws pertaining to e-invoicing in those four nations share similarities, each country tweaks their e-invoicing laws on a regular basis.
If you’re associated with a multinational corporation that conducts business in Chile and generates revenues in excess of $4.2 million dollars annually, that nation’s new electronic invoicing requirements will affect you. That’s because Chile’s taxing authority recently announced that as of November 1, 2014, commercial invoices transmitted by such entities must be sent electronically. Not only that, they must adhere to a standard electronic format for approval.
Just when doing business on a global scale seemed to be getting more manageable there is an increasing number of signs that indicate gamesmanship is going to trump openness... sooner than later. If there was ever reason to understand the status of your supply chain, the time looks to be now. Here are some of the signals I'm watching.
Do you remember when Walmart lead the charge to implement EDI? If you're one of their suppliers you probably also remember the onboarding experience and the lack of choice you had. To be fair, Walmart did offer a choice - but it included the option of never receiving another order from them. For most of its suppliers this was not a viable option. Is it time to follow Walmart again?
The very nature of EDI and other forms of trading data is that it is to be shared. But as the volume of transactions grows, the details of individual transactions becomes less available. As trading transactions become part of what we now know as 'big data' the old tools to deal with these details simply are not sufficient to deliver meaningful information.
With all the chatter and excitement about Big Data it's easy for supply chain folks to look on with wonder about what all the talk is about. But in fact, the supply chain is the source of a tremendous amount of big data. Certainly all those purchase orders, ASNs, and invoices constitute a lot of data passing between organizations, but that's not the end of the line.
Over the last week or so there's been some angst about a new Walmart commercial featuring Mike Rowe - the "Dirty Jobs" guy. I watched the commercial and while I think I recognized the voice, there was no specific mention of or image of Mike Rowe anywhere. But that's really beside the point. The pitch is about Walmart's $250 Billion commitment to bring manufacturing back to the U.S.
One thing about working in supply chain, EDI, or electronic commerce: it’s always interesting. 2013 is nearly ‘in the books’ and it was no exception. Luckily for you, the ec-bp.com writing staff produced a bumper crop of great articles on a plethora of topics, ranging from the impact of omnichannel retail to ‘big data’ to new efforts to implement supply chain control towers. We wrote primarily about supply chain and EDI, but we also covered general management, trends, training, and other relevant subjects.