"EDI has facilitated “frictionless” commerce, helped to eliminate archaic manual paper processes, and delivered significant and persistent broad supply chain efficiencies through automation."
"EDI is alive and well and will remain critical to business for many years to come."
“EDI has grown and matured and today, like ERP systems, remains a backbone for global business.”
"AI has a wide breadth of potential applications in the supply chain and logistics field. It can be used to create more optimized freight and delivery routes, improve forecasting and asset utilization, mitigate the impact of risks like supply shortages and natural disasters, and provide customers with a more convenient delivery experience.”
“EDI/electronic invoices can reduce delivery time and allow customers to download their invoices directly into their own accounting system”
Factors to Evaluate When Considering Co-Managing EDI
When a company is evaluating how to service their EDI needs, a number of factors need to be assessed. Making the right strategic decision is critical to ensure that the benefits of EDI are maximized throughout business operations. The key factors to be considered can be easily summarized into the following categories: human resources, software, hardware, network, co-managing (outsourcing) alternatives.
The skills required to establish and monitor on-going EDI processes are highly specialized. Locating personnel with these skill sets is a challenge, and the time required to develop and train your own resources can be very time consuming and costly. Once trained you are exposed to the risks of employee turnover and the impact it can have on your operations. EDI support is not confined to a forty-hour workweek, and in many cases requires 7x24x365 support levels.
Making the right translation software decision can have a major impact on your ability to rapidly deploy new trading partners and transactions for your business. The capital cost of software is significant along with annual maintenance charges, and the in-house costs associated with managing the environment and upgrades.
In your evaluations, you must consider the costs of hardware to house your translation and communications software and back-ups. While these may share space on an existing platform there is still a "total" cost element that needs to be considered.
Managing communications and networking requirements can be a significant challenge. You need to coordinate with your trading partners to ensure that data transfers are handled in a timely and efficient manner. There are many communication alternatives in the EDI world, and you are often confronted with accepting your trading partners' standard. This can lead to costly, hardware and software needs, and additional effort to find knowledgeable communications support staff.
Co-managed EDI Alternatives:
Precision e-Business group (PEG) offers an effective alternative that should be given serious consideration. We have a staff of highly experienced EDI professionals who are well trained in the needs of implementing EDI. We can handle the process from start to finish including interfacing with your trading partners to complete the implementation and support loop in a very timely manner. Using shared resources also enables a lower per-transaction processing cost than in-house can normally deliver.
PEG understands EDI. We have been in this business for over 11 years across multiple industry verticals. We deliver fast, reliable and cost-effective service for all of our partners. We understand the importance and value of providing a high level of customer service and satisfaction.