EDI For Retail: Ideal Solutions For Business
EDI for retail industry was adopted over thirty years ago and this process was quite quick. Businesses that suffered from paper documents circulation were first to notice the major benefits of EDI for retail. It was easy to understand that EDI replaces a big amount of paper documents that can be sent much faster and easier via EDI. However, EDI for retail should not be treated like a way of replacing paper documents. Its possibilities are limitless and should be researched by managers and business owners in order to get all the benefits and therefore enhance business processes.
EDI for retail industry can be viewed as a vital part of general company strategy regarding business development and delivering best service to customers. Implementing EDI into company system gives a competitive advantage and raises efficiency. EDI integrated into internal inventory gives possibility to take full control over goods supply and their delivery to clients.
The supply chain in retail is a system with a specific structure and tasks. The main task is to provide customers with products available at all times. Retail cannot stick to occasional orders or orders with delays – it must support efficient flow in order not to send clients to competition. EDI helps to facilitate delivery process, control over stock-keeping units, to reduce check-in times and human errors.
One of the most used and the first to implement EDI transactions in EDI for retail is 856 ASN (Advance Ship Notice) – it lowers receiving time approximately by 60%. It gives the opportunity to update delivery status on each stage of supply as well as get all necessary details about goods moving.
Thousands of retail companies from grocery sector, healthcare, telecomunications etc. are currently using EDI in retail. The process takes place throughout the USA, in Canada and Europe. Electronic trading systems (EDI in retail is a good example of this solution) regulate the flow of goods between parties. The implementation of such systems usually results in total comfortable control of business, reducing manual paper work, speeding up operations, more effective satisfying of clients’ demands and getting more profit. With EDI in retail businesses grow, develop and become more competitive.