Today, having an accurate inventory can mean the difference between winning and losing customers. This is especially true in the automotive industry as consumers are overwhelmed and supply chains are becoming too complex.
Electronic data exchange, or EDI, is a technology that helps companies and partners get work done faster by reducing logistics time and eliminating manual errors by automating business-to-business communications. EDI enables businesses that manufacture, ship, buy, and sell goods, or provide services, such as retailers, manufacturers, insurance companies, healthcare providers, airlines, and more.
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Many companies have turned to EDI to ensure inventory is tracked in real-time throughout the supply chain to avoid deadlocks and other inventory issues. However, there are still a large number of people who rely on auto parts inventory tables to manually track inventory.
And at the other end of the spectrum, some don’t even track stock at all. Many small or medium-sized businesses don’t have the budget to invest in a comprehensive EDI solution. But the good news is, you don’t have to.
EDI is often seen as a one-size-fits-all solution aimed only at companies with big budgets – but that’s not true. Today, solutions such as web-based EDI offer a much more cost-effective alternative to fully automated EDI. However, web-based EDI solutions offer many advantages, including automatic inventory tracking and all you need is an internet connection.