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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.


 

 

EDI Communication is in high demand right now. Many companies are quickly realizing how beneficial it is to trade important documents with their suppliers, retailers or business partners via electronic means. Others are receiving direct instructions from their partners to begin using EDI in order to continue doing business with them. Basically, some companies aren’t getting the choice and others are taking proactive steps to ensure they are ahead of the game so that they are as efficient as possible. Read more

Namtek Consulting Services' Top 10 Blogs from 2015We’ve compiled a list of our most read and shared blog posts in 2015. These posts cover tons of different topics ranging from EDI communication to Productivity Apps to ERP Implementations to IT Business Tools.

False Advertisement: The Truth about ERP Implementations

This article really touched upon the negative experiences of ERP implementations at businesses. It goes on to answer the question: “Why do companies have such terrible software implementation experiences?” Our experts’ conclusion was that either their ERP Provider is only providing them with half-truths about implementations to sell their own products OR business executives make their own assumptions and do not do the proper research required beforehand. Getting the RIGHT and TRUTHFUL information from IT Providers as well as doing your own research on implementations is absolutely critical. Read more to get the real story behind those false statements about ERP Implementations. Read more

EDI Communication, a method of electronically exchanging business documents, like Purchase Orders and Invoices, between Trading Partners, has been very much in demand for manufacturers, retailers, suppliers, etc. in recent years…and for good reason! [Read the top benefits of EDI]

So, you’ve recently been looking into doing business with a large retailer but they require you to exchange POs, Invoices, ASNs via EDI? Debating whether or not to bring EDI into your business by 2016? Read more

EDI_eCommerceCompanies are relying more and more on technologies and for good reason. The power of software automation and integration can enhance a company’s overall efficiency and improve B2B and B2C relationships. One such example comes with the integration of EDI and eCommerce Read more

Take a look at today’s  Infographic that goes on to briefly describe how companies can get started using EDI Communication with their customers/suppliers/partners.

Every company needs to analyze their EDI requirements first and foremost to determine which solution or service will be needed to easily and securely exchange documents with their Trading Partners. To learn more about EDI Communication, visit EDI2XML. Read more

Businesses are constantly exchanging documents like invoices, purchase orders, advance ship notices, acknowledgements, etc. Many small and mid-size companies tend to still exchange these important documents via email, fax and even mail. Unfortunately, these methods take more effort and time to get to the business partner – which means that orders will be processed later and payments will take longer.

In today’s business world, everything is so fast-paced and competition is fierce. Customers and business partners demand the very best, in the shortest amount of time. It can get tricky for small businesses that may not be well equipped to compete with these larger players and provide the best service for their customers and business partners as everything is still done manually. This is where EDI communication comes in Read more

Be Prepared for Company GrowthIt’s always difficult to know what your business needs in terms of IT software without having seen or tested other systems. On top of this, we are all creatures of habit; once we get used to working a certain way, we do not question it, as it becomes second nature. However, this can be detrimental to a business. Only once a company begins to experience growth, expansion or a rapid sales increase, do they realize there is too much inefficiency that can prevent them from growing. More often than not, it is those companies that have not upgraded or changed their legacy system in years, or have no system at all, that will be affected the most. Read more

EDI communication is known to be complex and expensive. In recent years however, many small and mid-size businesses are looking into EDI in order to do business with major retailers, like Target, Wal-Mart, Sears, etc., or simply to gain a competitive advantage. It is one of the best ways to exchange important business documents, such […]

B2B communicationOne of the goals of business executives is to increase efficiency while keeping costs low. Of course this can be difficult without the proper tools in place, which many businesses in Canada still do not have. Fortunately, it seems that in the last decade more and more companies have been leveraging IT but this growth is still not what it should be.

EDI communication is one such way to leverage technology in order to exchange documents between suppliers and vendors. Read more