What is EDI (Electronic data interchange)? Electronic data interchange (EDI) is the exchange of structured data, according to a pre-defined format agreed upon, between computer systems and without human intervention. It is the basis of successful entrepreneurship. This is precisely the reason why business partners want to do business electronically, with their business partners such …
Almost every manufacturing and distribution company today, work with third-party logistics providers (3PL) to organize and manage their transportation of goods. This allows companies to save on their cost of warehouse management, easily track the movement of their goods, inventory, preparation of documentation, cargo handling, and delivery to the buyer. In this article, let us …
Today, companies switching from one EDI service provider to another, is not different from someone changing his mobile operator. Successful companies are always looking for better services and conditions. They are not afraid to change their EDI service provider, considering they add a value with their new selected choice. Typically, the main reasons for …
How to manage an enterprise whose production or commercial activities are highly dependent on exact timing and sufficient volumes of deliveries of goods, materials, or raw materials? For example, when the manufacturing conveyor underload or empty shelves for a short period of time can cause enormous losses to the business. Different companies have various approaches …
Effective management of the supply chain and stock, helps outperform competitors. A supplier company, where these processes are set at a high level, can save on inventory replenishment and increase sales. Without accurate information about inventory levels, a company can stay with inaccurate stock in its warehouse, and obviously loose sales, time and profit. In …
This article provides the definition and specification of the inventory report message (INVRPT) for UN/EDIFACT (United Nations for Electronic Data Interchange for Administration, Commerce and Transport) EDIFACT standard very commonly used in Europe, Oceanian countries, and some Asian counties. EDI 846 Inventory Inquiry / Advice is an analog document for the ANSI X12 standard, which …
Clear navigation, great visual branding, and simple user-friendly layout – this should look like a good online store. E-commerce platforms such as Shopify, Magento, Woocommerce or the likes, already perform these functions. However, no matter how important usability is, this is only part of the success of your e-commerce business. Long delivery time for example, …
In almost all countries where coronavirus (COVID-19) spread, isolation, social distance, and lockdown measures were taken. Whenever possible, employees are asked to work remotely from home, schools are closed, and people are asked to avoid public crowded places. It is not surprising that in this pandemic of coronavirus disease situation more and more people turned …
Many countries and big businesses are active participants in the Fourth Industrial Revolution. Commercial associations and non-profit organizations were created to support the development of Industry 4.0. Experts identify some basic technologies that include Industry 4.0 – Industrial Internet of Things When manufacturing equipment is combined into one common network and is controlled by a …
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 …
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