Some days it’s hard to know the difference. If you want less firefighting and more time to focus on value added projects to move your business forward, here are four ways our innovative visibility and analytics platform, intelligentXchange, will change your life.
Do you dream of an empty email box, fewer emergencies and, best of all, a day off? How about tackling some of those strategic priorities that are always being shoved to the back burner?
Sound too good to be true? It’s not—it’s called intelligentXchange (IX) and it’s like a virtual personal assistant for the EDI coordinator who, from what we hear, is constantly being pulled in all directions.
Studies indicate that chargebacks can add up to almost 2 percent of revenue. Ask these three questions to learn whether or not chargebacks are out of control in your organization.
Usually retailers have good reasons for implementing chargebacks. Yes, chargebacks can be painful, but the retailer believes that the momentary financial pain will drive suppliers to better comply with policies and eliminate costly inefficiencies in the overall supply chain.
However, when the supplier lacks visibility into the actual reasons for those chargebacks and are unable to fix the systematic problems, they usually resign to the fact that chargebacks are simply a ‘cost of doing business.’
Many CPG suppliers implement deduction thresholds when applying cash from a retailer. These thresholds are designed to speed the process by allowing minor deductions (i.e. under $75) to be ignored while larger deductions are scrutinized.
We see it almost every day—accounting teams working to streamline operations implement deduction (or chargeback) thresholds to reduce the amount of research time spent on issues that are considered ‘too small to worry about. These thresholds are the result of large retailers issuing chargebacks and fines for a variety of issues.
Protect your EDI investment with these four alert categories.
You wouldn’t drive your car and ignore the dashboard, right? If the gas light comes on you get gas. Or, when the engine light appears you drive to the shop. Cars come with these alerts to help protect your investment. But, did you know your EDI comes with similar alerts? You just need to ensure they are properly set up to realize the full value. So here are what we believe to be the top four alert categories and what they mean.
If you’ve got downtime during the holidays, here’s a quick checklist to help start the New Year right.
If you’re like me, you’ve either blown through your time off or you’re holding out for nicer weather. Whatever the case, you’ll be one of the folks stuck in the office over the holidays. But truly, there’s no better time to perform the critical system cleanups or optimization functions that you’ve been putting off, since not doing it can lead to wasted resources and result in business slowdown, or worse, hinder future growth. Here are three tasks to help optimize your EDI system.
Why you should be using EDI
Often companies see EDI as a burden placed on them by trading partners. But even if you aren’t required to conduct business via EDI, it may actually be a good idea since using EDI can provide a number of tangible benefits for your business, your bottom line, and your trading partner relationships.