Analyzing data from EDI transactions and documents
The goal of EDI analytics is to extract insights from this data that can be used to improve business performance. EDI analytics can be used to track a variety of metrics, including:
- Transaction volume
- Order fulfillment accuracy
- Inventory levels
- Customer satisfaction
- Supplier performance
- Market trends
By tracking these metrics, businesses can identify areas where they can improve their operations. For example, if a business sees that its order fulfillment accuracy is declining, it can use EDI analytics to identify the root cause of the problem and take corrective action.
EDI reporting is the process of generating reports that summarize the results of EDI analytics. These reports can be used to communicate insights to decision-makers and to track progress over time.
EDI reporting can be customized to meet the specific needs of each business. For example, a business may want to generate reports on a daily, weekly, or monthly basis. The reports may also be tailored to specific departments or business units.
EDI Analytics and Reporting examples
- A retailer can use EDI analytics to track inventory levels and identify products that are running low. This information can be used to place orders with suppliers in a timely manner, preventing stockouts.
- A manufacturer can use EDI analytics to track production schedules and identify potential bottlenecks. This information can be used to adjust production plans and avoid delays.
- A shipping company can use EDI analytics to track shipments and identify problems such as delays or damage. This information can be used to improve customer service and reduce costs.
EDI analytics and reporting can be a powerful tool for businesses that want to improve their efficiency and profitability. By collecting, processing, and analyzing EDI data, businesses can gain insights that can help them make better decisions.
To learn more about EDI and become a CEDIAP® (Certified EDI Academy Professional), please visit our course schedule page.