Month: February 2017

The basic concepts of EDI

The basic concepts of EDI

Written by Act Data Services, Inc. 1-800-ACT-DATA

EDI, an acronym for Electronic Data Interchange is about communicating with partners and vendors electronically. When people talk about paperless trading, they are referring to EDI. Placing and receiving the order, financial transactions are examples of EDI.

The actual definition of EDI is the interchange of structured data according to agreed message standards between computer systems, by electronic means. This means that regardless of the type of transaction, be it an order or an invoice, the structure of the data remains the same. This allows for seamless communication between multiple partners. This is maintained between different systems by following set standards.

EDI allows for massive reductions in losses due to human error. Different vendors with different systems will require repeated entry of the same data. This repeated entry of the same data is as high as 70%.

In addition to the operational benefits, EDI also enables some strategic benefits for the organization. The first is the flexibility to shift from one business process to another. For example, it becomes easy to shift to JIT for an organization that has implemented EDI. Second is the ability to quickly respond to changes in the market. Previously, any changes in orders would take days or even weeks. Now, if the order has not been fulfilled, a change can be requested within minutes.

For organizations involved with multiple trading partners, EDI is the only way to go. It presents a fast and secure method of processing transactions that make it well worth the time and cost of implementation.

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Act Data is an EDI service bureau that provides web based EDI solutions and logistics standards implementation.

The most important features for an online shopping cart

The most important features for an online shopping cart

Written by Secure Net Shop

The easiest method of adding e-commerce capability to an existing website is to use a hosted online shopping cart. Set up is easy and requires no technical knowledge. Security, one of the biggest fears for a site operator is taken care of by professionals. In addition, it is also a cheaper method of enabling e-commerce. Here is a list of some of the most important features to look for when choosing a hosted e-commerce solution:

Web-based control

Every aspect of the shopping cart should be accessible using a web-based administration tool. This means that you can manage the system from any browser anywhere. No special applications should be required.

Methods of payment

In order to maximize sales, as many payment options as possible should be accepted. All e-commerce shopping cart software accept credit cards. What would drive more sales are services like PayPal, Google Checkout, and offline methods.

Support

Around the clock tech support is essential. Problems and issues can crop up at the worst possible times. At the very least, look for tech support available every day during the standard working hours.

Products

The system should support the sales of all types of goods and services. It should accept physical goods, virtual goods, coupons, services and even subscriptions. This will give the most flexibility if a change in business model is required.

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If you want to succeed at running an online business, you’re going to need an online store. The online cart ecommerce shopping system sold by Secure Net Shop should be at the top of your list.