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02 Nov

10 reasons why EDI is a winning strategy for your business

Celtrino Marketing

celtrino Marketing

Acquiring an EDI solution for your business can help to empower your business with the agility and speed it needs to satisfy both consumers and also retail needs.  EDI automation can help your company retain current trading partners and open the door to further opportunities.

To show just how beneficial it is, here are 10 reasons why Electronic Data Interchange (EDI) is a winning strategy for your business.

 

 1. MULTIPLE COST SAVINGS

EDI results in saving money for your business

EDI Cost Benefits:

  • Reduces administrative and documents processing costs
  • Reduces cost of paper & printing supplies
  • Reduces resource costs

 2. FASTER

EDI decreases the time it takes to manually create invoices and purchase orders

EDI Speed Benefits:

  • Reduces the time it takes to create and process electronic documents
  • Data re-entry is eliminated or reduced
  • Availability and control of stock is improved

 3. GREATER EFFICIENCY

EDI results in a more efficient use of your resources

EDI Efficiency Benefits:

  • Reduces human error inherent in manual processes
  • Frees up resources that can be deployed to better effect elsewhere
  • Improves processes within the business

 4. DATA QUALITY IMPROVES

EDI improves your business data quality considerably and removes the issue of re-working orders as transactions errors will reduce significantly

EDI Data Quality Benefits:

  • Increases data quality and removes the issue of re-working orders
  • Eliminates errors associated with lost post/faxes, illegible handwriting, keying and re-keying.

5. INTERNAL BUSINESS OPERATIONS IMPROVE

EDI improves and enforces company processes

EDI Business Operations Benefits:

  • Productivity increases: resources concentrate on other business operations
  • Makes certain business tasks redundant and reduces management effort
  • Improves business relationships

 6. ENHANCES RELATIONSHIP WITH TRADING PARTNERS

EDI’s adaptability modernizes communication flow with your trading partners and improves business relations and opportunities

EDI Trading Partner Relationship Benefits:

  • Enhances co-ordination between trade partners
  • Establishes long lasting trading relations
  • Opens doors for new business opportunities

 7. ENVIRONMENTALLY FRIENDLY

Implementing EDI reduces the impact on the environment

EDI Environmental Benefits:

  • Reduces paper trails
  • Reduces water consumption
  • Reduces CO2 discharge
  • Reduces landfill

 8. BUSINESS INTELLIGENCE IMPROVES

Being able to track data improves visibility and drives accountability

EDI Business Intelligence Benefits:

  • Easier to track and maintain data
  • Traceability to changes in documentation is improved
  • Archived data can be readily accessed

 9. EDI CAN BE CUSTOMISED TO YOUR NEEDS

An EDI system can be customised especially for your needs regardless of system complexity

EDI Customisation Benefits:

  • Delivers a system that results in a seamless exchange of data to other business operations
  • EDI standardizes the transactions with your many trade partners
  • Ensures connectivity and collaboration across the entire business and partner enterprise

 10. EDI GIVES YOU A COMPETITIVE EDGE

Having EDI increases your standing in the eyes of current and potential trading partners

EDI Competitive Edge Benefits:

  • Differentiates you from those that don’t use EDI for their business operations
  • Opens you up to accessing other trade partners
  • Allows connectivity and collaboration across the entire business and partner enterprise

 

For more information on EDI and how it can work for your company, talk to a Supply Chain Expert today, or visit our website for more information.