|2012 May - ROI from EDI|
GETTING THE MOST RETURN-ON-INVESTMENT (ROI)
FROM YOUR EDI/B2B SYSTEM
Here are¬†some things you can do to optimize your EDI/B2B processing and increase your ROI:
1.¬† Take time to look carefully at all your processes currently being done manually.¬† Think of those related to transaction processing or reports exchanged with customers, buyers, suppliers, etc. and see which are taking up too much staff time.¬† Prioritize the list starting with the most time-consuming and routine.¬† Automating these tasks will result in reducing your risk for human error and will save you money.
2.¬† Set up error alerts so that you can identify and resolve errors before they become big problems.¬† Fewer errors mean fewer charge-backs which result in greater profit.
3.¬†¬†Evaluate whether it makes sense for you to integrate your EDI/B2B processing with your ERP system.¬† If you are processing more than 20 transactions a day, you should not be re-keying.¬† By integrating you¬†can more¬†fully realize the benefits and cost savings of EDI.¬† In addition, you are¬†able to eliminate errors that are inevitably introduced by re-keying data.
4.¬† Evaluate whether or not your EDI/B2B operations are supporting your business goals on a regular basis.¬† It's easy to become complacent and not extend the value of your investment and experience.¬† Lead the way:¬† Contact your customers and suppliers and invite¬†them to trade electronically with you.¬†¬†Every time you add an¬†EDI trading partner you¬†increase your ROI.
5.¬† Don't think about EDI as something your customer¬†or supplier is forcing you to do.¬† Instead, look at EDI as a way to increase efficiency and enhance trading partner relationships.¬† Being EDI Capable makes you vastly more attractive to prospective customers.
No surprise but GraceBlood is ready to help you maximize your ROI.¬† We can help you implement any task on this list.¬† Ask us how an assessment can help¬†you realize your maximum ROI by understanding your environment, reviewing your current procedures, documenting and analyzing findings and preparing recommendations.
Contact us today for a FREE assessment.
What GRACEBLOOD Clients are saying...
¬†¬†¬† "Did you just hear me shout for joy?¬† Over 100 orders came in at 10:27 and I have processed them and they are ready¬†to go¬†at 10:46.¬† This is unreal!¬† I am¬†super excited!
Terri - Armstrong Cricket Farm - West Monroe, LA