Introduction What is SKU? Surprisingly, this simple acronym introduced in the 1930s has transformed how businesses manage inventory worldwide. Grocery stores that carried just 7,000 SKUs in 1970 now manage more than 31,000 as of 2022. SKU stands for Stock Keeping Unit – essentially a unique identifier assigned to products for inventory tracking purposes. These codes, […]
Introduction The use of EDI in procurement has revolutionized how we handle business transactions by dramatically reducing these expenses. While the typical costs for processing a paper document like a purchase order can range from tens to hundreds of dollars, conducting business electronically can slash costs by a third to a half. Electronic Data Interchange (EDI) […]
Introduction Our latest case study has revealed that EDI WMS integration can reduce business transaction costs by at least 35% while speeding up transaction cycles by more than 60%. We’ve observed that warehouse management system (WMS) integration has consistently remained the top technology solution for third-party logistics warehouses since 2020. However, without proper integrations, this […]
Introduction Real-time inventory management using EDI is essential for meeting customer demands in today’s fast-paced business environment. Modern businesses are moving away from manual processes that significantly hinder growth and operational efficiency. When retailers exchange inventory data automatically through EDI, they gain accurate, real-time information about inventory levels, sales, and customer demand—all crucial elements for making […]
Introduction Businesses have used electronic data interchange (EDI) for years to automate the movement of important documents, such as invoices, payments, and orders. The problem is that this efficiency doesn’t mean anything if there isn’t any data security. You can’t construct trustworthy automation on a shaky base of risk. A value-added network (VAN) is the […]