Seeking out supply chain solutions is how your company can stay on the front foot and remain relevant within that supply chain. The world is fast paced and there are constant advancements which are taking place, that we all have to be aware of. In terms of supply chain solutions however, not all of them require the use of cutting edge technology. A perfect example of this is EDI supply chain management, the best approach to managing your role within the supply chain, and ensuring that others deliver on what you expect from them too.
EDI stands for electronic data interchange and it is, simply put, the computer to computer exchange of documents between two trading or business partners. This technology seamlessly allows the transfer of important data between the two points, delivered in standardized format, and negating the need for paper. EDI is the perfect compliment to supply chain management and here is exactly why.
Benefits of EDI For Supply Chain Management
There is simply no getting away from the benefits of using an EDI system within the supply chain, and here are just some of the benefits which you can expect:
Security of Information
No matter what information you are sending or receiving to and from your trading partners, it is expected that the information remains secure. This is what EDI is able to deliver because only authorized personnel will be able to use the system. Not only this, but we often see this tech with archive tracking and options which show an audit trail.
A Great Increase In Speed
The automation of this data transfer ensures rapid speed, which is perfect for order to shipment. There is rarely time to waste in the supply chain and an EDI system will make sure that none of that time is wasted through the sending of information.
Two words which are music to the ears of anyone in the supply chain are cost savings, and yet again this is what EDI systems are able to deliver. Through the savings on time, the reduction in resources and the improved relationships which you can have with your partners, this is a system which is seriously going to cut down on spending.
Increasing The Accuracy
Whether we care to admit it or not, human interaction does lead to mistakes, and that can be costly, either financially or in damaging relationships with your suppliers and your partners. Owing to the automation of EDI, these mistakes are massively reduced and that is going to mean that your business can ensure accuracy and positive relationships with its trading partners.
The future of EDI software looks bright within the supply chain too, and we can expect to see further integration and automation in the coming years. If your business is not already using this, then it is time that you took advantage of what is surely one of the smartest supply chain solutions available.