What are you doing September 13, 2018? Well, if Connected Commerce is not on your radar, we’re about to fill you in on this can’t-miss event!
Electronic data interchange (EDI) is the structured transmission of data between organizations by electronic means. Today, EDI is a mandate of large retailers, but it took many decades to get to this point. Here is a brief timeline and overview on the history of EDI. EDI is popular with, and a mandate of many large retailers. To best offer customers a wide variety of products, these retailers turn to a drop ship model. Drop shipping is a retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. As a result, the merchant never sees or handles the product. EDI enables all order documentation to be sent between the third party drop ship vendor and retailer quickly and efficiently, enabling a seamless order lifecycle.
Whether selling online, in store, on social media, or in a pop-up shop, Shopify delivers the eCommerce solution you need to run your business. However, as your brand grows and you explore introducing new products to your site things could get tricky. In the age of brand stores and competing with Amazon, many brands seek to open up a ‘brand marketplace’ to offer their customer a one-stop shop and greater variety of goods via drop ship. Vendor compliance, onboarding time, and manual data entry can complicate the attempt to open up a brand marketplace, but fortunately there are solutions available to remedy the technical hitches.
Democratizing digital commerce relies heavily on flexibility. Brands and retailers are exploring other means of connectivity and data exchange, but this does not mean a complete abandonment of the tried-and-true methods of old. EDI has been around since the 1960s and was heavily adopted in the 1980s, so it is safe to say EDI is here to stay. However, companies searching for an easier approach and immediate validation of files are seeking out EDI alternatives.
EDI is the choice solution for order documentation exchange. Whether you have a handful of partners or you are working with thousands of them, choosing the right provider is crucial in defining the future of your business. Selecting the wrong solution for EDI will hold you back, as seemingly quick integrations can drag on for months, costing you money, time and resources. This is why we are pioneering the concept of Lean Commerce.
Event to take place March 19th in Las Vegas
An Inc. article states that drop shipping is the future of retail, yet it’s often overlooked. Despite the growing popularity of ecommerce, many brands have not yet taken advantage of selling online. Research shows that 72% of consumers are not fully satisfied with their current online shopping experience offered by their favorite brands (ecommerceplatforms.com). Odds are, if your site is non-transactional or hard to navigate and lacks product assortment, this is contributing to a higher level of customer dissatisfaction. So, what’s the solution?
Event to Take Place September 13th at New World Stages in New York City
Have you just scored a deal to sell your goods to a big box retailer? Are you unsure of the next steps and need to be EDI compliant? Have no fear - that’s where we come in.
Event to take place January 15th in New York City