Why do you need EDI in a Supply Chain to become ECR?
One of the key components of Efficient Consumer Response (ECR) is the more efficient replenishment of goods and services in response to consumers’ demand. For the supply chain to be at its most effective, consumers must be able to satisfy their choice of goods and services 100% of the time, at the least cost to all parties in the supply chain.
Achieving this efficiency relies on fast and accurate information about production, distribution and consumption. This need for highly responsive supply chain is driving forward the development of more accurate and faster means of communication. Electronic data interchange (EDI) is the technology for this communication.
“EDI provides businesses with the speed and efficiency, that are so important ingredients in today’s economy. Standardized exchange of information among businesses over the net saves time, people resources and nerves of management. Salaries grow and people are still leaving for better-paid jobs outside Baltics. Managers are forced to think with limited people resources in mind. Implementation of EDI in any business forces to re-think business processes, eliminate waste, and ensure standards are followed. Why wait?”