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What is EDI used for?
EDI is used to enhance efficiency, improve communication and streamline procurement with a real time data monitoring system, enabling supply chain visibility and analytics, enabling computer-to-computer exchange of business information.
What is EDI capable?
Retailers, eCommerce partners, OEMs and trading partners require their vendors become EDI capable and compliant. EDI capable is a company's ability to implement an EDI solution for simplified procurement processing and streamlined communications between trading partners, suppliers and customers.
What does EDI compliant mean?
EDI compliance refers to following an organization's EDI specifications and requirements. By outsourcing your EDI to Monitor Pro all-in-one EDI and eCommerce solution, always maintain compliance as Monitor Pro adheres to trading partners' specifications. We takes ownership of all your trading partner requirements so you always maintain compliance allowing you to focus on what you do best, your business.
What is involved in an EDI program?
An EDI program can vary based on your organization's business needs whether your company requires a simple solution to process and fulfill orders, integrate with shipping services or accounting programs, or a fully integrated EDI solution with your ERP, WMS, TMS or EMR. Outsourcing EDI allows your company to focus on your business while a team of specialists manage your EDI environment. With an EDI provider such as Monitor Pro, easily connect to trading partners, get supply chain visibility and analytics, maintain 100% compliance, have access to the industry's best all-in-one inclusive EDI and eCommerce cloud-based feature rich portal that scales by integrating with your business operations. With a seamless sign up link, you will have an analyst working on your behalf, testing directly with your trading partners and setting a go-live date. Attend WebEDI training sessions to anticipate what to expect when you receive your first order.
What is EDI processing?
EDI order processing is for example, when a buyer's internal system initiates a document such as an (EDI 850) purchase order and sends to the supplier. The supplier's internal system generates a response document such as an (EDI 810) invoice and sends back to the buyer. The EDI processing life cycle is a streamlined and simplified procurement process eliminating manual data entry, providing a quicker exchange of business information reducing lead time on orders.
What is a trading partner?
A trading partner can be referred to as an organization, such as a retailer, eCommerce partner, OEM, grocer, pharmaceutical / healthcare company and so on, that has agreed to exchange EDI business documents electronically. The sending or receiving party involved in the exchange of EDI transmissions.
What are the components of EDI?
Components of EDI include a standard document format, document preparation, translation and transmission and is useful for supply chain visibility and analytics. EDI document preparation varies on how each business generates data. With EDI translation, the data is translated to or from an EDI file in a standard and structured format. The common "language" among different computer systems and data formats is translated into information that is understood by different business systems. Once the data has been translated to an EDI format, the document is ready to be transmitted to your trading partner.
How do I use EDI?
Depending on your company size, industry and trading partner requirements, the use of EDI may vary. By outsourcing EDI to Monitor Pro, you can simplify your daily operations with our cloud-based, all-in-one multichannel, intuitive solution that scales by integrating with any application. Monitor Pro team of specialists manage your EDI environment so you can seamlessly process and fulfill orders.
Why is EDI important?
EDI is important as it streamlines the procurement process between companies, automates the flow of business information, improves the operational efficiency of business processes and communications, provides real time visibility, strengthens partnerships and drives down costs.