ANSI X12 vs UN/EDIFACT Which one to choose? To choose between ANSI X12 vs UN/EDIFACT standards it all comes down to where and with whom your doing business with. ANSI X12 is most commonly used in North America and UN/EDIFACT is mostly used in Europe and Asia. Introduction Electronic Data Interchange (EDI) has become an […]
Introduction EDI in eCommerce facilitates the exchange of business documents, such as purchase orders, invoices, and shipping notices, between trading partners and customers in a standardized format. Define eCommerce E-commerce stands for electronic commerce. It makes buying and selling products or services easy by using the internet. It makes use of various digital technologies such […]
Introduction to EDI in Finance In this new era of digitalization, the growth of international trade has created opportunities for trade between buyers and suppliers across the globe, resulting in the globalization of the financial supply chain. It involves many different processes to exchange information such as differences in currencies, accounting regulations, and other financial […]
What is Dropshipping? Dropshipping or DTC (Direct to consumer) is a fulfillment method where a retailer sells the product to its consumers via its online e-commerce store but does not keep the products in stock. Instead, the retailer sends the order information to its supplier and asks them to fulfill the order for its customer […]
What is 3PL? A 3PL provider is a third-party logistics company serving as links in outsourced distribution and fulfillment stages of the supply chain. 3PL companies provide full-scale logistics services such as transportation, warehousing, customs clearance, and other logistics-related activities. Basically, 3PL helps outsource a part of or a full logistics operation to a logistics […]