COVID-19 KILLED YEAR OVER YEAR COMPS Part 1: Every retail report presents data in a nearly identical way: TY LY % CHG +/- VOL. This traditional method of measuring business performance is useless in the face of COVID-19, and the hangover is going to continue through all of 2021. See the nearby chart which shows... Read more »
The X12 855 transaction set is called a Purchase Order Acknowledgement. The 855 EDI transaction code is used by sellers to confirm the receipt of a purchase order (EDI 850) from the buyer, which completely eliminates one’s need to call or fax a confirmation document. The 855 also communicates whether the purchase order was accepted,… Read more »
What is EDI? EDI stands for Electronic Data Interchange. EDI combines a system and processes to give businesses the ability to exchange documents and transactions between trading partners in a standard electronic format. We can use a quick example of this, any retailer can send a purchase order (PO) to a vendor digitally using EDI… Read more »
EDI 997 – Functional Acknowledgement The EDI 997 transaction set is known as a Functional Acknowledgment or FA, which is often sent as a response to other EDI transactions received. An EDI 997 is the same thing as a receipt, it acknowledges a specific EDI transaction or a group of EDI transactions which was received.… Read more »
EDI 850 – Purchase Order The EDI 850 is also refereed to by EDIFACT ORDERS and x12 850 Purchase Order. The EDI 850 represents an electronic purchase order that’s sent from a buyer to a seller, which request their want to buy goods or services. The electronic purchase order is one of the most common… Read more »
Every stage, process and function across your global supply chain is vital. Just one failure in your supply chain can be enough disrupt the flow. This is exactly why inventory management is among the most consequential elements of your supply chain. It serves as the pillar for the whole end-to-end process, balancing the inbound flow… Read more »
In this guide, you’ll learn how EDI works for retailers, grocers and e-commerce retailers. Explore why companies in the retail industry use it to help automate, improve and speed up order management and other processes. Discover the benefits of EDI for your retail or grocery business, and how it can help you work better with… Read more »
EDI compliance refers to the ability to exchange business documents in the way your trading partner requires. Each document must adhere to a specific EDI format to ensure the successful exchange of EDI documents. Do You Need EDI Compliance? Nearly all major trading partners require you to be EDI compliant, this includes; Belks Bed Bath… Read more »
Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product’s flow from materials to production to distribution in the most economical way possible. SCM focuses on integrated planning and execution of processes needed to optimize the flow of materials, information and capital in functions that broadly include… Read more »
What Is EDI? EDI is an abbreviation for electronic data interchange. EDI is an acronym for Electronic Data Interchange. EDI provides a standardized method of communicating data between businesses. The other businesses that you exchange data with would be considered your EDI trading partners. Using EDI, businesses are able to send information digitally from one… Read more »
There are many electronic data interchange (EDI) transaction codes that relate to business documents, such as invoices and purchase orders. These can be exchanged with your trading partners or other third parties using EDI. Most EDI partners support the EDI transaction codes you need, including codes that are defined by the ANSI ASC X12 standard… Read more »