B2B Data Integration and Transformation Blog

As an ocean freight forwarder, you face a unique set of hurdles in your business. From coordinating with multiple suppliers and customers to ensuring that all of your documentation is in order, you have a lot on your plate to monitor and control. If any one of these elements falls through the cracks, it can severely impact your bottom line.

Today's highly globalized supply chain ecosystem has made it critical for trading partners to maintain advanced levels of communication throughout the product lifecycle. Seamless information flow from suppliers to distributors and retailers is essential to optimize supply chain visibility and manage inventory levels efficiently without compromising customer satisfaction.

Since its advent in the 1960s, EDI has gained vast inroads in supply chain operations. As one of the most valuable tech investments for supply chain management, Electronic Data Interchange (EDI) has consistently proven effective at improving supply chain efficiency and helping companies maximize the advantages of trading partner collaboration. Today, many of the largest, most successful manufacturing, distribution, and retail companies utilize EDI solutions to exchange business information autonomously and in real time.

Thanks to Electronic Data Interchange (EDI), business communication in inventory management is now faster, more accurate and more efficient than in years past. While EDI for inventory management has been in existence for decades, it has undergone significant transformation since its inception–and the pace of its evolution only continues to increase.

Electronic Data Interchange has played a critical role in logistics for decades. Since the 1960s, transportation companies have used EDI to transform their operations from disorganized and complicated to streamlined and efficient. With EDI, modern-day logistics enterprises automate the generation and sharing of procurement, shipping, and payment information, resulting in better coordination, reduced errors, and lower costs across supply chains.