Today's exceedingly dynamic and disrupted business environment has reinforced the need for enterprises to have complete visibility and control of their supply chains. In response, many have turned to technology for ways in which they can better connect with their partners, quickly respond to disruptions, and accurately meet evolving customer expectations.
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Pandemic-related disruptions, technological advancements, and evolving customer expectations have made global supply chains complex and dangerously unstable. As a result, integration has become imperative in supply chain management.
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The pandemic has reinforced the need for supply chain visibility. Amid increased volatility, every business must implement technologies that show the real-time status of assets as they move along the supply chain. Without reliable visibility, it is difficult to deploy timely corrective measures and cushion the blow of disruption.
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Electronic Data Interchange (EDI) is arguably the most disruptive technology in global supply chains. Since its advent in supply chains, EDI has significantly accelerated business growth and improved customer experience by delivering a quick, accurate, and uninterrupted flow of information between trading partners.
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Despite being more than six decades old, EDI has remained the foundational model of electronic business-to-business integration. The widespread adoption of EDI standards has enabled trading partners across various industries to communicate and exchange documents through pre-determined and pre-aligned digital formats and protocols. With EDI, enterprises have created ecosystems where data flows seamlessly from one end to another, accelerating transactions and minimizing errors in business-critical processes.
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