What are the key factors of a successful EDI solution?

UK businesses processed £317.7b of EDI sales in 2015. Whilst this emphasises the volume of businesses processing EDI documents, many still operate with inefficient and obsolete EDI solutions. We have highlighted three key features, which we believe are essential in making the most of your EDI solution. Fully Managed Service By bridging the gap between … Continued

Topics: EDI

How to digitise your entire supply chain with B2B eCommerce

In 2015, the UK had the third largest eCommerce market in the world with sales amounting to a staggering £533bn (Statista.com). While there are many businesses who benefit from eCommerce platforms, B2B organisations are missing out on increased profits by not utilising this technology as much as they should. To maximise electronic trading, businesses need … Continued

Topics: Trading

What is VMI?

Inventory or stock refers to the goods and materials that a business holds for the ultimate goal of resale. Whilst keeping abreast of shop floor replenishment can often represent a significant challenge to retailers, with too much or too little stock causing serious financial burden, Vendor Managed Inventory (VMI) places the responsibility of replenishment and stock restoration … Continued

Topics: Retail, Trading

eInvoicing: The benefits

An invoice is a business document issued by a selling organisation to a buying organisation. The process of manually logging and approving invoices can be painstakingly long, with Accounts Payable teams suffering under inefficient paper processes whilst also fighting the threat of duplicated efforts, late payments and errors. In a recent study the CIMA stated … Continued

Topics: EDI, eInvoicing, Trading

The importance of Proactive Monitoring

Monitoring refers to the act of observing and checking the progress or quality of something over a period of time. Enhanced through a proactive monitoring service, TrueCommerce actively observe business’s EDI networks and take complete ownership of their client’s EDI solutions and systematically review their business operations. EDI is prevalent across many industries in the … Continued

Topics: EDI

What is EDI?

EDI (Electronic Data Interchange) refers to the standardised communication method companies use to transact electronic documents to one another. Whilst EDI has been around for decades, recently, with the emergence of Fully Managed Service providers, its effectiveness has reached new heights. Whereas order to invoice lifecycles used to take days and included various steps, such … Continued

Topics: EDI, Retail

The perils of non-compliance

Non-compliance refers to the failure to act in accordance with a wish or demand. Although this doesn’t infer a repercussion, in business terms, failure to comply with customers EDI requirements can often result in loss of business, damaged relationships and chargebacks. In stark contrast to the saying ‘ignorance is bliss,’ companies who trade electronically without … Continued

Topics: EDI, Retail

EDI and DIY

DIY and home improvement stores are often seen as worlds apart from traditional grocery retailers. They offer different stock, can attract a different clientele, and, usually have different experiences of the festive period. Whilst traditional retailers experience a stampede of customers, DIY and home improvement stores are generally much quieter. However, if we fast forward … Continued

Topics: EDI, Trading

Don’t lose sight of your suppliers

In meteorology, visibility refers to the distance at which an object can be easily discerned. However, businesses dealing with vast supplier bases within competitive markets need to go beyond just distinguishing who their suppliers are and gain real time visibility into their service, standards and performance. In today’s fast paced retail environment, having control of … Continued

Coping with the seasonal storm?

The most important thing to consider when preparing for and battling a storm or tumultuous period is safety. Those who operate within seasonal industries are threatened by having to ensure that every product is produced and provided on time, to maximise profitability around peak times to ensure their safety within the off season. Whilst seasonal … Continued

Topics: Trading