Source: Thomas & Betts EDI Initiative Program by Woody Savage, Director of eCommerce, Thomas & Betts
EDI can play a key role in reducing transaction costs whenever there is a large volume of reoccurring transactions. Some examples include:
- 810 Invoice can help to streamline the payment process by allowing you to match invoice data with shipment data electronically.
- 812 Credit/Debit Adjustment helps to resolve payment discrepancies.
- 820 Payment Order/Remittance Advice helps to streamline the payment process.
- 832 Price/Sales Catalog provides pricing and catalog marketing data.
- 844/849 Product Transfer Account Adjustment and Response speeds up the Ship & Debit claims processing.
- 845 Price Authorization Acknowledgment/Status provides pricing info.
- 850 Purchase Order speeds up the ordering process and reduces errors.
- 852 Product Activity Data allows the distributor to provide the manufacturer with a current stock status so manufacturers can ensure distributors have the right stock at the right time to meet their customers’ needs.
- 855 Purchase Order Acknowledgment confirms the purchase order was received and the expected ship dates.
- 856 Ship Notice/Manifest can provide shipping details of material in transit providing the data necessary to auto-receive shipments.
- 870 Order Status Report provides comprehensive status of orders.
These are just a few ways EDI can work for you – relieving you from manual processes that get in the way of important business goals.