How Do You Become EDI Compliant?
By Frank Tilleli on October 28, 2021
In business, Electronic Data Interchange (EDI) refers to computers exchanging documents with one another, with these documents staying in a standardized electronic format when they pass between business partners. This formatting standardization helps business-to-business (B2B) organizations facilitate transactions and exchange information with greater ease and accuracy. Complying with EDI is crucial to establishing better relationships with your trading partners and increasing your financial opportunities. If you want to streamline various business processes and meet trading partner and customer expectations, you need to know how to comply with EDI.
How to Use a Supplier Scorecard to Evaluate Vendors
By Frank Tilleli on September 30, 2021
One of the best tools you can use to evaluate your vendors is a supplier scorecard. When a company wants better vendor and supplier management, a scorecard allows them to evaluate key metrics and determine how well its vendor is performing. Since vendors are crucial to an effective supply chain, companies rely on supplier scorecards to determine if the vendor is providing them with high-quality service and efficiently moving products through the supply chain.
What Is Vendor-Managed Inventory?
By Frank Tilleli on September 16, 2021
Vendor-managed inventory (VMI) is a popular process that vendors and customers can use to improve inventory management. Whether you're a customer or a supplier, you can benefit from using a VMI system. While VMI can be very advantageous, you should understand how this process works and the ways you can make it more successful before you implement it. Find out more about what VMI is, its goals and the processes involved in it. If it sounds like an attractive option to you, you may also want to know more about its benefits, potential drawbacks and how you can successfully implement it.
Omnichannel Automation | How Does It Work?
By Frank Tilleli on August 5, 2021
Omnichannel marketing automation lets companies craft a more integrated and personalized shopping experience for their consumer base across multiple sales touchpoints. No matter whether a customer shops online or at a brick-and-mortar store, omnichannel automation allows companies to improve their target audience's experience. Unlike more traditional strategies that take a very generalized approach to marketing, such as multichannel marketing, omnichannel marketing enables companies to focus on individual customers.
