• January 28, 2022

How to Keep Up with the EDI Renaissance

As global supply chain disruptions continue to threaten businesses across industries, enterprises are eager to streamline processes and increase productivity wherever possible. Electronic Data Interchange (EDI) plays an essential role in meeting these goals and keeping goods moving from creation to delivery. Decades ago, EDI replaced paper processes with electronic communications for B2B collaboration. With EDI, businesses were able to exchange documents and intellectual property (IP) across disparate systems quickly, securely and transparently.

Benefits included faster payments, fewer errors due to manual data entry, improved inventory management and business-process insight, and optimized operations. With the disruptions companies are now facing, EDI is a key element of cross-business collaboration. Automotive companies, general manufacturers, retailers and wholesalers, among others, are now looking to improve their EDI processes. In fact, EDI is undergoing a much-needed renaissance.

Businesses recognize the need to integrate EDI more effectively with the modern systems that power industry, from enterprise resource planning (ERP) and warehouse management systems (WMS), to e-commerce platforms and SaaS applications, to non-EDI-enabled trading partners. As such, businesses and IT vendors are applying modern technologies (such as web interfaces, API integrations, and SaaS delivery models) to B2B EDI integration, making it simpler, faster and more cost-effective to produce and sell products.

Here are four ways businesses can keep up with the EDI renaissance to meet modern supply chain challenges.

Manage all EDI in a single place

Manufacturers’ trading-partner ecosystems include suppliers and vendors, customers, distributors, fulfillment organizations and retailers. Each of these stakeholders have different needs and communication standards. To accommodate this extensive and growing network of trading partners, EDI must be managed in a centralized system that integrates with existing solutions used by each party involved.

Modern EDI supports omni-channel operations regardless of where an order originates, which is why leveraging a single solution that can unify disparate information is critical. With centralized EDI, businesses can establish a more seamless B2B communication process with all parties in the supply chain including OEMs, suppliers, customers, and third-party providers. Plus, it is more agile as networks expand, reducing the time it takes to onboard and connect with new partners.

Leverage automation

Manufacturers are constantly exchanging documents that are both critical to revenue generation and highly interdependent in how they work. Manufacturers of automobiles, high-tech products, consumer products and medical equipment may be processing thousands, or tens of thousands, of such documents daily. Automated, cloud-based EDI promises supply chain efficiencies, lower overhead and fewer errors that come with manual data entry. Unlike on-premise software, which requires manufacturers to have their own EDI experts, cloud-based, EDI as a managed service lets businesses reduce costs and improve accuracy without giving up control.

EDI as a managed service enhances and streamlines B2B communications in the face of complexity and diversity. This way, manufacturers are free to focus on their core business activities of product innovation, manufacturing, quality control and customer service without worrying about errors that cost time and money.

Retain visibility

Supply chain complexity requires comprehensive visibility to enable tracking and reporting on all EDI transactions. Data must be quickly accessible by those who need it, whether related to a specific transaction, to confirm documents were received or to ensure a process was executed correctly. Modern EDI provides real-time, end-to-end visibility into all data-process streams for improved decision making, trading partner engagement and response times.

At the same time, data needs to be protected from anyone who should not have access to it. IP is a manufacturers’ most valuable assets; implementing access controls without creating bottlenecks is an important role of modern EDI. Visibility into who should and should not have specific access can keep sensitive data secure, while still empowering employees to work effectively.

Get expert support

Rocket EDX is an EDI cloud-managed service, delivered using the software-as-a-service (SaaS) model and incorporating modern technologies like web interfaces. Cloud-based EDI solutions deliver savings on upfront costs, plus on long-term expenses like software updates and hardware upgrades compared to non-cloud solutions.

Created and operated by EDI experts with decades of experience across multiple industries, Rocket EDX serves customers across industries in a highly secure, highly available multi-tenant environment. Outsourcing EDI to Rocket EDX delivers significant savings and increased business agility over on-premises and internally staffed EDI solutions. With Rocket EDX, EDI processing is accurate and reliable, backed by responsive customer service when you need it most.

Modernized EDI keeps businesses moving

Across industries, Rocket partners with businesses to make a difference not only in their bottom line, but in the lives of their customers and partners. Rocket users help get food to grocery stores, cars to the lot, healthcare products to hospitals and so many more essential functions that keep our world moving. We’re proud that our solutions help drive their success and want to bring the EDI renaissance to more supply chain partners so that customers have the goods they rely on.

To learn more or connect with a Rocket expert, click here.

Kathy Larson 5 Posts

Hi, I'm the Product Marketing Manager for Rocket MultiValue. I returned to MultiValue in 2014. You see, I started my career right out of grad school with Unidata in downtown Denver. Back then I worked with our hardware partners including DEC, Data General, Sequent, HP and many others! Later I moved to MarComm and Product Marketing. I love being back in MV and in my free time enjoy spending time with my family skiing, hiking and enjoying Colorado.

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