EDI is short for electronic data integration. It is estimated that there are 20 billion EDI transactions made each year. There are several reasons that you should consult with an EDI provider.
An EDI provider can help you save a lot of money. You won’t have to pay for printing, paper, storage, filing, and reproduction. You may be able to reduce your transaction costs by 35 percent when you switch to EDI.
Save You Time
There are several things that can go wrong if you do not have EDI. For example, if something is faxed, then people may not be able to read what is on the paper. The orders can also get lost. Additionally, errors can occur if you take odors over the phone. An error can cause a delay.
Errors are less likely to occur with electronic data integration. That is why you will be able to save a lot of time.
Speed Up Your Business Cycles
You will be able to make exchanges in minutes instead of days. You may be able to increase your business cycle speed by up to 61 percent.
Improve Data Quality
EDI can improve data quality by anywhere from 30 to 40 percent. You won’t have to worry about dealing with ineligible handwriting, keying errors, and lost mail.
Reduce Your Inventory
An EDI provider can help you reduce your inventory. You will be able to shorten your order and delivery time.