One of Shopify‘s main challenges is managing your inventory. Without well-organized inventory management, you can lose a lot in sales. A bad situation is when you sell product that you no longer have in stock, which can lead to additional costs for refunding money, irritating customers and losing loyalty to your store. Manually updating your …
As you know, an online store or eCommerce site, always becomes an additional source of revenue for a company, and sometimes even it might become the main source of sales and revenues. Great design, information blocks and a clear structure are just some of the many good advantages if you decide to create an online …
Ecommerce (or online retail) has been a growing trend over the last few years. Due to this, online retailers are always on the lookout for efficient processes in order to better serve today’s well-connected, tech-savvy and wise online consumer. Successful brands are those that are able to find a balance between affordable prices, fast & …
Industry 4.0 is the leading trend of the fourth industrial revolution taking place before our eyes. The main focus of Industry 4.0 is to fully automate production facilities where all processes are controlled in real-time, while considering the ever-changing external conditions. In Industry 4.0 an important role is played by Internet-based technologies that provide communication …
Electronic Data Interchange (EDI) is a technology that allows the exchange of commercial information between organizations in a structured digital form based on regulated message formats and standards. Any standard business document exchanged between companies (for example, purchase order, invoice, shipment plan, request for goods availability) can be transferred using the EDI standard and, when …
This post was updated to reflect current trends and information. Currently, many businesses are operating their own eCommerce stores on Shopify or Amazon to sell their products and services over the Internet to clients and consumers, all over the world. This is a great way to increase sales and brand awareness. United States: top …
This post was updated to reflect current trends and information. The most common introduction to EDI faced by small businesses is often receiving and processing purchase orders. This electronic business document is used to place a commercial order for goods or services by a buyer or business partner. It’s still possible to use phone, email, …
X12 vs. EDIFACT Doing business and interacting with trading partners is associated with the need to prepare, send, receive and process a large number of documents. Today, around the world, almost all enterprises from small businesses to large corporations use EDI (Electronic Data Interchanges) to communicate with business partners. The most common standards that are …
EDI 810 Invoice – in international business practices, the 810 (Invoice) is an electronic document sent by the seller to the buyer to receive payment for goods or services provided. The 810 Transaction Set contains information about the goods and /or services, their quantity, their price at which they were delivered to the buyer, the …
This post was updated to reflect current trends and information. What is HIPAA? (Health Insurance Portability and Accountability Act) HIPAA acronym of “Health Insurance Portability and Accountability Act 1996”, is a U.S. law that provides data confidentiality and security provisions to protect patient information. In recent years, the law has become very important with the …
