More and more companies running warehouse management solutions (WMS) are adding EDI to optimize their business processes. When used together WMS and EDI allow companies to maintain inventory control with real-time processing while simultaneously exchanging documents and business data between suppliers and customers. Inbound/Outbound inventory transactions take place instantly through secure data transmissions instead of slowly through traditional sending avenues.
EDI has become increasingly popular in the trucking & transportation industry because it helps communication flow between all parties in the supply chain process. Companies now rely on standardized electronic formats rather than having to manage different manual systems for load requests, load request responses, status updates, and invoices.
EDI has been in use across the automotive industry for over 40 years. The smooth running of today’s car production lines relies on the seamless exchange of business documents between the car manufacturers and their supply chain. The automotive industry has a ‘tiered’ supply chain structure. Upstream from the car manufacturer or OEM are the Tier 1 suppliers that will typically supply some of the largest components or sub-systems for the cars. Downstream from the OEMs there are: Tollers, Warehouses and 3rd party logistics (3PL) provider
The manufacturing industry relies on the effective flow of information in the supply chain to accomplish many of the required tasks for getting products to market. Suppliers and buyers in the manufacturing industry use generally accepted industry processes in the supply chain to support the distribution of products to mass markets at competitive prices.
Manufacturing and Retail sectors have been at the forefront of EDI adoption for more than 30 years and has replaced many paper-based processes with electronic documents. The retail supply chain has a unique structure because it is driven by product flow across the supply chain. The fast moving nature of sales, accentuates the importance of availability and managing uncertain demand levels. The key to all of this is the advance ship notice (ASN).
The introduction of EDI has enabled the financial services industry to automate many of the day-to-day processes between their clients. Financial services include transactions related to purchase order processing, letters of credit, open account management, pre & post-shipment financing, reconciliation, invoice presentment, dispute management, foreign exchange and insurance management.
The Health Insurance Portability and Accountability Act was enacted by the U.S congress in 1996. A key component of HIPAA is the establishment of national standards for electronic health care transactions and national identifiers for providers, health insurance plans and employers.