Computers have radically changed how we do business and it has impact the way that we sell, the way that we communicate, the way in which we manage relationships and even the way in which we manage our staff. One of the most interesting advancements in recent years, and one which has benefitted businesses all over the world is EDI or Electronic Data Interchange which is the method by which computers communicate with each other in order to share information. To understand better what benefits this can offer, we spoke to the team at and EDI company to find out more.
Time Saving
Because we are able to instantly transfer information between two points we can save huge amounts of time in the business with regards to the sharing of data. This means that there will be no delays in response times, no issues around time zones or even having to get someone on the phone who knows what is going on. With EDI you can cut out faxes and post which leads to less time wasted in the business thanks to shorter lead times and a more efficient way of working.
No Errors
Whether we care to admit it or not computers do not make mistakes, but humans certainly can and even the very best member of staff who you may have could make a mistake when it comes to data entry. EDI systems have instant access to all of the information in the business which means that when you need to share data and information it can be completed without any mistakes whatsoever. The result of this is not only more accurate business dealings such as orders but also improved relationships with your partners as they will know that they can count on you giving them accurate information at all times.
Decision Making
Because you will be able to receive important information in double quick time it enables you to make better and quicker decisions. There will be no waiting for a paper trail to arrive so that you can take decisions and through the use of EDI you can get all of the information which you need, make the decision and then move on to other areas of the business which need your attention.
Money Saving
Ultimately using electronic data interchange will save you money in the business and it will do so in a number of ways. In fact recent research suggests that EDI costs less than a third of what a paper-exchange would cost. Beyond this you will also be able to save money on posting information which includes paper, envelopes and of course the time which it takes for someone to do this. Finally you can also minimize your order processes which means faster deliveries that can help you reduce your inventory and increase the speed of the operation on the whole.
EDI is very much the future of business.
