Managing the Digitial Transformation of Retail

The retail industry has done a fantastic job in adapting technology and digitalization to new consumer trends and meeting customers’ expectations. The gradual spread of e-Commerce poses new challenges for businesses, in addition to new opportunities for growth. Nowadays, consumers look for precise information on the products that interest them, a satisfactory purchasing experience and fast deliveries. Due to these changes in consumer habits, companies need to reach their clientele through the appropriate channels, manage demand and comply with the increasingly shorter turnaround times that customers demand, and all this while minimizing the margin of error and costs.

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Introduction

The retail industry has always been a leader in the rollout of information technology for exchanging business data and documents electronically. In other words, it is a sector fully aware of the value of information and the power of its expediency.  Electronic Data Interchange lets users instantly process the information in any business relationship electronically and automatically, and is the basis for development of many of the current technological trends in the retail sector and distribution in general, as they all require real-time data.

Information is the key to adopting a business model, optimizing internal management and improving sales processes. And, specifically, the use made of that information is what led to the development of the most important breakthroughs in technology currently being applied in the retail sector: Internet of things (IoT), Big Data and Data Analysis, essential in the development of businesses and their competitive edge.

Logistics impacts and facilitates value creation between companies, for both electronic information and physical goods. Professional service providers have become indispensable to the consumer goods industry and many other industries. From handling special products such as frozen or fresh goods to taking care of a retailer’s or manufacturer’s entire inventory management: it’s all about ensuring proper management of all information

About Effective Data (ED), we specialize in EDI Consulting and Data Integration. Founded by EDI experts, ED has been a pioneer in the electronic commerce consulting arena since 1991. Effective Data's core competency is developing and managing technically robust EDI solutions.  With each project, our EDI Specialists collaborate to identify key business objectives, define a solution and continually manage the project through implementation. This is all prepared with a thorough understanding of industry standards, best practices and technology.

ED has supported companies of all sizes and in every industry.   We work with all EDI, EAI and B2B platforms.  Headquartered in the Chicagoland area with satellite offices throughout the United States, we are prepared to provide all your EDI and Data Integration needs nationwide.

Managing the Digital Transformation of Retail

The retail industry has done a fantastic job in adapting technology and digitalization to new consumer trends and meeting customers’ expectations. The gradual spread of e-Commerce poses new challenges for businesses, in addition to new opportunities for growth. Nowadays, consumers look for precise information on the products that interest them, a satisfactory purchasing experience and fast deliveries. Due to these changes in consumer habits, companies need to reach their clientele through the appropriate channels, manage demand and comply with the increasingly shorter turnaround times that customers demand, and all this while minimizing the margin of error and costs.

Consumers want an omnichannel retail experience that’s simple and functional and unlike other providers, we take the entire vendor onboarding process off your hands so instead of worrying about meeting progressive demands, you can stay focused on operating your retail business. 

Our expert consultants work with your vendors round the clock, ensuring that each one has a solution that fits their business, while still meeting your unique requirements. Simply put, our relationship-first approach to vendor enablement delivers amazing results that runs like clockwork every time.

Big Data Driven Retail

Unlock the value of data with integration across your retail ecosystem, from ecommerce storefronts and mobile apps to physical store point-of-sale and inventory management. ED Connect helps to remove application barriers to help build automated workflows and real-time visibility into customer behavior.

The benefits of EDI

  • High degree of process automation
  • No more need for manual entry; avoidance of any resulting errors
  • Shorter reaction time for client orders
  • Better planning security

The harmonization of data exchange makes processes much easier, especially given the diverse nature of the industry. A standardized “language” (i.e. data formats) via a standardized communication platform ensures Big or Little Data moves smoothly between retailers, vendors and their business partners.

Why Should You Act Now?
How you manage your EDI environment is critical to your organization’s future and should be carefully planned to insure the stability of your business systems.  Mission critical applications like EDI should not be left to chance.  We believe this is the perfect opportunity to expand your companies B2B integration abilities by upgrading your EDI infrastructure.

How Effective Data Can Help
As a leading worldwide EDI provider and data integration consultant, Effective Data develops and manages technically robust electronic data interchange solutions, effectively guiding you through all phases of the implementation cycle toward a path of greater productivity and profitability.

We stand out in the EDI business through our experience with the most mainstream B2B, EDI and integration tools. We provide highly responsive, customer-focused service; emphasizing personalized attention and immediate response for all of our clients. At Effective Data, we have the superior resources necessary to create the right solutions to fit your particular environment.