EDI benefits and challenges
Exchanging trading information (orders, delivery notes, invoices, remittance advices and so on) on paper involves the re-keying of data from another company’s computer system. Using standard electronic messages means this can be processed automatically, with none of the delays and inaccuracies of manual data entry.
This increase in the speed and accuracy of capturing key supply-chain data will enable companies to concentrate on their own core trading activities, and enable them to respond to customers’ demands more accurately and speedily.
Whatever its position in the supply chain, any company can benefit from appropriate and timely information about the demand and supply of its products and services.
Applying EDI to your company will be beneficial for your company. The key benefits are:
• Greater flexibility
• Higher staff productivity
• Reduced operating costs
• Stronger relations with trading partners
EDI is not a panacea for all your business problems. Indeed, if badly implemented it will add to them.
EDI is a business process that will allow you to collect and process data in a speedy and efficient manner, and the way in which you then integrate this into your business will determine your long-term success.
ECR techniques will themselves become standard business practice over the next few years, and you will be require a well established EDI process to exploit them fully.
“Owing to EDI – formalization and automation of order taking and invoice issuing – we reduced substantially the manual work and number of errors while filling the customers’ orders.”