EDI (Electronic Data Interchange) is the electronic exchange of business documents between two businesses, called trading partners. These documents are exchanged using a standardized format that allows the business systems to communicate with each other. Sometimes the trading partners require their documents to be translated into the standardized format so that they can clearly communicate with the other trading partner. They will use an EDI translator to interpret their data for the other system. They can either use in-house software or an EDI Provider, like MicroD, to translate their data for them.
BENEFITS OF EDI
You’ve heard about omnichannel helping retailers and brands streamline the process of serving your customers. But how does your business manage all of the important processes to deliver the finished product to your customers? Enrich your supply chain with some of these benefits of using EDI.
Automate the mundane so you can just manage the exceptions.
Reduce errors and time spend reworking orders while improving accuracy and the speed suppliers process your purchase order information.
Streamline your supply chain process with vendors and deliver better product to customers faster.
Identify consumer trends with our artificial intelligence and big data to find the products your clients want the most.
Increase inventory turns so you can reduce the amount of inventory you have to maintain in a warehouse. Reduce inventory and carrying costs.
Manage all your vendors and get their performance on an easy-to-use dashboard. How do your vendors compare to the others?
Get any-to-any connectivity with all your RMS, ERP and other business systems.
START AUTOMATING YOUR BUSINESS WITH THE LEADING EDI PROVIDER IN HOME FURNISHINGS
See how easy EDI makes your routine business tasks an automated process with no human interaction.
The purchaser creates the order, inputting the procurement details.
The purchaser’s system sends this information to the vendor’s system.
A P.O. acknowledgment is created in the vendor’s system and sent back to the purchaser system immediately.
P.O. acknowledgment is reconciled with the P.O. and an exception report is immediately created.
Why Does EDI Matter to You?
Our electronic data interchange software enables manufacturers and retailers to send and receive documents electronically and inexpensively through the Internet. EDI takes the manual processes like order tracking, transaction processing, or data entry and automates the exchange to reduce errors and maximize efficiency.
How Can EDI Help Your Business?
EDI frees furniture manufacturers and retailers to focus their talented staff on value-added activities such as building customer relationships, developing innovative new products and enhancing the shopper experience.
EXIM Commerce integrates into the leading home furnishings industry Retail Management Systems (RMS) and keeps your data rolling through the cloud-based technology. Your brand takes the lead and every vendor relationship operates within your EXIM Commerce software.
WHY SHOULD YOU WORK WITH MICROD?
Because EXIM EDI connects with any-to-any connectivity with your RMS, ERP, and other business systems, we can give you more than just your average EDI visibility. Through artificial intelligence, we can tie in product orders and compare them to the transactions and returns made on products. Our tool will come back to you with recommendations for ways to reduce costs on products that have a high return rate or lower purchase rate. You can carry fewer units of those items and focus on products that are selling efficiently! Plus, MicroD is connected to a huge partner ecosystem. This means you can leverage regional shopping trends to drive your ordering. We can show you what’s going on across the country and you can make inventory decisions accordingly.
START ONLY MANAGING THE EXCEPTIONS
MicroD’s EXIM EDI has been leading our industry in electronic data interchange for over 2 decades. With connections to all your most important home furnishings vendors, our EDI solution will help you automate your business transactions while providing your with unparalleled consumer trend data. Do more business in less time to make the best customer experience.
Sign up for a time to speak with our home furnishings technology experts to see how much you could save with our EDI solution.
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