Small businesses may find Electronic Data Interchange integration a challenge, but those that want to build relationships and partner with large organizations should consider incorporating EDI into their current IT strategy.
While Electronic Data Interchange was invented for the benefit of large multi-national corporations, small and mid-sized businesses now have access to the money and time saving benefits of Electronic Data Interchange. Larger retailers often mandate the use of Electronic Data Interchange, forcing smaller companies to find solutions that are affordable and sound long-term investments. Finding a good Electronic Data Interchange solution can be challenging. Two key aspects of finding the right solution include finding software that is easy to install and manage, as well as software that offers expandability through the ability to manage multiple trading partners. Additionally, the software should provide a high degree of automation, giving the business the ability to manage Electronic Data Interchange with little if any human involvement.
While small business owners may not prioritize information transfer solutions, exploiting the efficiencies of EDI may help small to medium-sized organizations compete in challenging markets for the following reasons:
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