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This post was updated to reflect current trends and information.

The trends below are not new or unheard of, but they are gaining in popularity. While some are even becoming ‘must-haves to optimize the supply chain, warehousing management or other business flow. The 5 trends below are exactly what you need in 2023.

1. EDI (Electronic Data Interchange) Integration

EDI Integration

EDI Communication is gaining in popularity. Many companies are being forced to use EDI to do business with retailers and suppliers. The longer they wait, the more difficult it will be for companies to endure without any formal processes, such as EDI. It’s not just about staying compliant with your suppliers; EDI can do miracles for companies:

– improving shipment accuracy

– accelerating the movement of goods to customers

– improving partner relationships

– improving document accuracy (reduction of manual data entry)

– enhancing the flow of communication between a company and their trading partners


Useful reading: Fully managed EDI service VS HTTP Web Service: Which is Better for Your Business?


2. Efficient Enterprise Management

ERP integration

Every company nowadays is on the lookout for ways to increase collaboration internally (between departments/employees). One great way to do this is by embracing full integration of all management systems (or simply implement an upgraded ERP management suite). All departments and employees will have access to one database; they’ll be working with the same real-time data and can communicate and collaborate easily.


Learn more about Enterprise Management here: ErpWizard Suite – the best business management software solution.


3. Systems Integration

System integration

For the effective functioning of the enterprise, it is necessary that all applications and systems such as ERP, CRM, Warehouse Management, EDI, etc. be combined into one common structure. This process is called business systems integration. The goals of integration are to improve the quality and speed of work. Lack of interaction between different systems can lead to non-compliance with deadlines and the payment of fines. This can happen even though each of the enterprise’s business systems individually can perform its functions perfectly.


To learn more about integration read this article: Magic xpi Integration Platform: The Best Fit for Enterprise Data Integration


4. Managed cloud services and hosting

Managed Cloud Service and hosting

Managed cloud services mean outsourcing daily IT management and technical support to Cloud managed Services Provider to effectively monitor and maintain a cloud environment to improve the efficiency of business operations.

Cloud deployment options have allowed smaller companies the opportunity to implement management systems due to their affordable costs. However, this isn’t the only reason why the cloud is popular. This option also allows businesses to reduce responsibilities, risks, infrastructure requirements, additional labor, etc.


Looking to outsource IT infrastructure along with its support to a Service Provider? Request Managed Cloud Services Price here


5. Business Intelligence

BI

No one can get enough of Business Intelligence solutions. These analytics tools allow managers to turn raw business data into useful, strategic information and insight. Companies will be able to improve planning, replenishment, optimize inventory and floor space utilization. It’s about getting the real data for the right people to create balanced supply chains.


 

 

3 reasons for EDI integration with Shopify

This article was taken from our blog, published on our EDI2XML platform.

Shopping cart Icon on smart phone screen over blur mall

Many times, when I meet business owners and executives, the same question comes up during the discussion: why do companies operating eCommerce stores on Shopify or Magento need to have EDI integration? I decided to publish this post, and explain my points, by identifying the top (3) reasons why businesses running on Shopify, need to comply and integrate with EDI.

What is Shopify?

In a quick description, Shopify is one of the leading Canadian eCommerce platforms offered to clients based on monthly subscription fee, where companies and individuals can subscribe, put up their own items on the eCommerce platform, and start selling to the public. For more information about Shopify, you can visit their website, it has tons of information about how things are done.

Who uses Shopify?

Individuals or companies of all sizes, who want to sell products online to their clients and B2C consumers, are mostly the users of a platform such as Shopify. With less than 100 $ a month, they can start selling products and ship it to their clients.

A word about Drop-Shipping

One important thing to emphasize here is that with the emergence of the online retail and eCommerce over the internet, companies selling products online on platforms such as Shopify, are not necessarily carrying inventory of the products they are selling.

They do receive the order from the consumer online into the Shopify platform (or store), and than they transfer this order to the manufacturing business partner(s) for shipping and delivery, while “white labelling” the packaging delivery. This concept is called “Drop-Ship” (or Drop shipping) in the retail and eCommerce world. The store owner will receive the order from the consumer, who gets paid for the merchandise upfront. The Store owner forward the order to the maker for shipment and direct delivery to the consumer.

What EDI has to do in this context of eCommerce?

As a reminder about EDI (Electronic Data Interchange), it is a set of standards and processes to exchange documents of business nature electronically between business partners. What I mean by business documents is Purchase Order, Invoice. This data exchange can happen in both direction (in and out).

In the context of online sales over the internet on a platform such as Shopify and drop-shipping orders, the EDI comes into play for several reasons:

  • Most manufacturing an major distribution will require a system-to-system integration through some sort of EDI
  • Shipping companies require also integration via EDI
  • Consumer today is very well educated and require to be informed on the status of their orders at every step of the way during the shipping process.

As you notice, all the above requires system-to-system integration between so many heterogenous systems and platforms. All major companies and retailers are well equipped with EDI platforms and standards that they have been investing in developing for years now, so it is the right moment for them to pay off all their investments.

Top (3) reasons why you need EDI integration with Shopify

As you might have noticed from the previous sections, the reasons are very obvious, to have an EDI integration with your Shopify store:

  • If you are in the Drop-Ship business and you are selling online, chances are that your suppliers will impose on you to go on EDI.
  • When you are selling online on Shopify, and you have a high volume of clients, that require to be informed of their orders at any given moment, this is another reason why you need to have EID integrated with your Shopify store

  • In case you are dealing with shipping companies (FedEx, Purolator, UPS…) and you have high volume of shipments daily, you need to integrate your systems and Shopify with EDI

The above are the main reasons for such a need, still more reasons are out there, just wanted to share the most important ones.

But can we integrate Shopify with EDI?

Certainly, it is feasible, we do this every day. With the right team of integrators, that have years of expertise in integrating EDI to any system, there is no going wrong.

If you are interested to learn more about this topic or any other issue related to EDI integration projects, please click on the image below and I will be more than happy to contact you for a FREE consultation.

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Ce billet a été mis à jour pour refléter les tendances et les informations actuelles.

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