EDI Market Growth in the Next 5 Years Before we dive into these top 18 benefits of internet EDI here are some real-time stats about internet EDI growth in the next 5 years, As per the Fortune business insights The global Electronic Data Interchange (EDI) software market size is projected to grow from $1.98 billion […]
Introduction to Top EDI Document Types Electronic Data Interchange (EDI) is an efficient and effective supply chain management tool, EDI can help reduce lead time, save documentation processing costs, eliminate procurement errors, clarify inventory status information, and enhance strategic alliances throughout the supply chain. In this blog, we will be focusing on some of the […]
First lets start off with What does Supply Chain Mean? To put it simply, a supply chain is a system that allows a manufactured product to reach a consumer in one or many steps. The 5 components of a supply chain: Planning Manufacturing Assembling Packaging Transporting Delivery & Return Top 15 Supply Chain Terminologies 1. […]
Introduction Electronic Data Interchange has changed the way businesses manage and process their information on a grand scale. EDI solutions save immeasurable amounts of time and lost revenue from clerical errors. Simply put, EDI provides a technical basis for commercial “conversations” between two entities, either internal or external. 60 EDI Benefits 1. Enhanced Efficiency EDI […]
Many may not know how important the EDI 997 functional acknowledgement document is and how important this very small EDI transaction set can be to your EDI operations. The 997 is less than one Kilo character in size, yet the value it provides is massive in the EDI world. Although it is an optional document, […]