August 2017

EDI: the road ahead

Industry 4.0 is much in the news: more importantly, it is also the destination for large scale investment by major manufacturing companies and supply chains around the world, so this ‘new industrial revolution’ is apparently more than just hype.

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Risk Management through EDI 4.0

The role of EDI (electronic data interchange) in reducing cost and error and accelerating transactions is widely understood, if less widely implemented. EDI as part of a risk management strategy in the supply chain is less appreciated, but as Industry 4.0, the much-vaunted ‘new industrial revolution’, starts to become a reality, EDI is going to become an even more important tool, although not necessarily in quite its present form.

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EDI 4.0 for agile supply chains

Manufacturing and retail supply chains need to become ever more agile. Whether its delivery to the home or production line-side, expectations are of instant availability. On the other hand, a wider supply base and the ability of customers to specify individual preferences militate against the concept of a ‘standard’ product.

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How to select the right EDI provider

Until recently, most organisations venturing into Electronic Data Interchange (EDI) didn’t have to think too much about their choice of vendor. Major customers as a condition of doing business typically imposed standards, technology and vendors. Now, EDI is widely available in a competitive marketplace as a managed or ‘pay as you go’ service, requiring relatively little commitment. Changing your EDI vendor should be relatively straightforward and inexpensive.

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