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Constrained Supply Chains: Everything You Need to Know

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Avatar for Renny Smith
Renny Smith

Concerns of financial instability and inflation make supply chain management more challenging. By March 2023, prices had increased by 5% compared to the previous year, forcing supply chain managers to work with limited resources. As fears of recession grow, managers must adjust their approaches to meet customer demands with less income. Constrained supply chains are […]

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How to Grow Your Wholesale Business with TrueCommerce EDI

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Avatar for Renny Smith
Renny Smith

In the world of wholesale distribution, collaboration with major retailers like Walmart and Costco is essential for business growth. Electronic Data Interchange (EDI) is a vital tool that streamlines communication and ensures compliance with industry standards, simplifying processes and enhancing productivity. However, many wholesale businesses find navigating the world of EDI challenging. In response to […]

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Walmart EDI Integration

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Avatar for Renny Smith
Renny Smith

The goal for many suppliers is to partner with Walmart. Like many major retailers and trade partners, Walmart requires its suppliers to comply with their electronic data interchange (EDI) standards and formatting. This requires Walmart suppliers to implement a compliant EDI system, or they’ll be unable to do business with Walmart. While many EDI solutions […]

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How to Build a Sustainable Supply Chain

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Avatar for Renny Smith
Renny Smith

Concerns about climate change continue to grow worldwide, resulting in pressures for more sustainable practices. Supply chains can account for more than 90% of organizations’ greenhouse gas emissions, making evaluating processes and reducing carbon footprints crucial.  Companies can use many strategies to minimize waste, optimize operations, and limit carbon emissions in their supply chains. These […]

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Driving Efficiency in the Pharmaceutical Industry: Managing Rebates with EDI

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Avatar for Renny Smith
Renny Smith

Contract management solutions are needed in the pharmaceutical industry because many manufacturers have a rebate process established with their distributors. If the distributor sells specific products in varying amounts or to a particular network, the manufacturer will offer a rebate when they hit those sales thresholds. This requires a process to validate the contract and […]

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Streamlining Business Operations with TrueCommerce and NetSuite Integration  

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Avatar for Renny Smith
Renny Smith

The world of business isn’t what it used to be. Everything is faster, more digitized, and interconnected to increase efficiency and profits. Seamless integration between systems and platforms is crucial to ensure streamlined operations. Organizations can enhance automation, improve accuracy, and simplify their supply chain networks by leveraging the capabilities and connectivity of integration solutions. […]

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Importance of Inventory Management in the Marketplace

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Avatar for Renny Smith
Renny Smith

Online marketplaces have transformed shopping behaviors. With the rise of eCommerce, more buyers opt for online shopping than ever before. In 2022, 75% of consumers shopped online at least once a month. Experts estimate that global online retail sales in 2022 were over $5 trillion, showing the massive impact on shoppers worldwide. The endless online […]

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New information and timetable for the implementation of e-invoicing in Germany

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Avatar for Renny Smith
Renny Smith

A new law in Germany (“Wachstumschancengesetz”) is expected to be discussed in the parliament in December 2023. This law is part of the German government’s digitisation strategy. Part of the law includes the requirement for invoices to be sent electronically between companies (B2B). We know that: • Paper invoices lose their priority and will eventually […]

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Alternatives to Just-in-Time Inventory

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Avatar for Renny Smith
Renny Smith

Just-in-time (JIT) inventory has long been a standard inventory management strategy. This lean inventory model requires businesses to order new products from their suppliers only after customers have placed an order. JIT requires careful orchestration between all supply chain partners to produce and ship goods on a precise schedule and avoid excess inventory. While JIT […]

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EDI 930

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Avatar for Tom Penn
Tom Penn

What Is EDI 930? Electronic data interchange (EDI) 930 is a report for regulatory agency codes. Its codes identify the regulatory agency governing the price reference. EDI 930 is essential for price authority identification. EDI 930 documents follow the X12 format set by the American National Standards Institute (ANSI), a not-for-profit organization that regulates EDI […]

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