Much of the effort around EDI/B2B integration has been to integrate your processes with suppliers and trading partners, but it has also been used to generate lots of data. And once this data is generated, it provides value to retailers in a number of ways.
EDI has done a great job in bringing in and exchanging data between entities in the standardized format, but companies on both sides of the exchange still struggle with integrating, interpreting, and inputting this data into their backend system, especially while making it available to all internal departments of the business. Integration for EDI is a real challenge, and this is where API technology can fill in the integration gap.
One very important aspect to this generation of data is gathering insight from it. Lots of thought has been given by retailers who have already implemented EDI on how to use this data to increase competitive advantage by analyzing supply chain data, and when combined with external data coming in it gives you more analytical capability than ever before. It brings us to the point of how to close this loop between retailers and suppliers, and collectively using this data to close the business cycle. EDI from a backend supplier, transportation, and manufacturing integration perspective becomes really important in executing many of these strategies.
About the Author
Neel has held senior roles at various technology firms and is currently a Partner at SPICE Technology Group, Inc. Neel is a well recognized technologist within the North American Manufacturing, Retail & Distribution sectors. Amongst the early pioneers in the “cloud” computing market, Neel has been working since the nineties with customers across the globe to achieve technology-driven, quick-time-to-market capabilities for modern commerce and complex supply chains. He brings expertise in digital commerce, supply chain, analytics and in emerging information technologies that are propelling organizations towards new business models. Some of these technologies and their modern applications include “Internet of Things (IoT),” “The API Economy,” “The Sharing Economy” and collectively: “Industry 4.0”
Neel is the Program Chair & Board Member of the Council of Supply Chain Management Professionals (CSCMP – Toronto Roundtable). He is also the Chairperson of the Program Advisory Committee for Business Process Management at Sheridan Institute of Technology and Advanced Learning.