Benefits of Trading Business Documents via EDI

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The benefits of EDI systems are real, and organizations are getting on board. EDI is proven to streamline and improve workflow while enhancing supply chain predictability. Trading partners are using EDI to:

  • Respond quickly to the disruptions that damage sales and relationships
  • Make more-accurate documents and forecasts
  • Reduce inventory
  • Reduce manual data entry, as well as the errors to which this is prone
  • Free up valuable office resources to focus on more important business functions
  • EDI is more cost effective than traditional paper methods

Below is a list of common EDI documents:

Inventory Advice (846)

Purchase Order (850)

Purchase Order Change (860)

Purchase Order Acknowledgement (855)

Advance Ship Notice (856)

GS1-128 Shipping Label

Invoice (810)

If you would like the complete PDF guide, please click here.
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According to a recent research study from Forrester, EDI continues to prove its worth as an electronic message data format. This research states that “the annual volume of global EDI transactions exceeds 20 billion per year and is still growing.”1 For buyers that handle numerous transactions, using EDI can result in millions of dollars of annual savings due to early payment discounts. From a financial perspective alone, there are impressive benefits from implementing EDI. Exchanging documents electronically improves transaction speed and visibility while decreasing the amount of money you spend on manual processes. But cost savings is far from the only benefit of using EDI.
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