The United States is a global leader in the retail industry, a sector that, today, faces important challenges as the immediacy demanded by the final consumer or the globalization. In this sector, retailers are increasingly relying on the use of technological solutions, such as electronic data interchange. In fact, the retail industry is by far the most advanced when it comes to the incorporation of EDI into company operations.
Why is EDI technology an ally in the retail industry?
Although only in recent years have retail companies had to optimize their technological processes to be competitive, EDI technology has been tied to this industry for decades. This is due to the specific characteristics of the sector, such as the high volume of commercial transactions, the heterogeneity of products or the communication between partners with very different characteristics.
The main reason EDI and technology have become allies of retailers is that they can solve all the aforementioned situations. As well, they have the following advantages:
- Automation of commercial transactions
- Increased productivity
- Economic savings
- Reduced errors
- More agility and efficiency in the supply chain management
- Fluid communication with suppliers and customers at a global level
- Increased safety during processes
EDICOM’s Technological Solutions for Optimizing the Retail Industry
EDI Platform: The retail industry has a variety of players, ranging from large distributor chains to small suppliers. That is why EDICOM has developed different EDI solutions, which are adapted to the needs of each type of profile:
- Ediwin XML / EDI Server: This is a software that allows companies to integrate electronic data interchange with their management system, so that transactions are automated. With this platform, the retail industry streamlines operations, increases security and adds traceability to all processes.
- Ediwin Viewer: This is a low-cost, quick-start alternative designed for companies that exchange low volumes of documents, as with certain suppliers or small retailers. The EDI Web solution does not require companies to implement any systems; they need only an internet connection.
- Ebimap: This application is a data mapper, which is a module that integrates into the EDI solution to automatically translate any message to the standard required by the owner or the recipient. It is essential to establish fluid communication between partners of all kinds.
- Business@Mail: Occasionally, retailers send messages to recipients who do not have an EDI solution. To avoid duplicating work, this solution integrates with the EDI platform of the issuer and automatically publishes the electronic documents in a secure web portal, through which the recipients can access with a username and password.
- VMI Flow: This solution is based on VMI (Vendor Managed Inventory) technology that aims to improve the management of the supply chain. This system submits the information exchanged between partners through complex mathematical analysis to synchronize supply and demand to the maximum. The goal is for the final customer to receive greater value, better service and a greater variety of products.
Cortefiel, Grupo Gigante, Toys R’Us and Harrods are some of the big retail companies that already use these solutions to optimize their B2B communications and their work procedures. You can learn more about their success stories here.