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Accelerating Trading Partner Performance
from Inovis

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White Paper

Description:
One in five. That’s how many partner transactions have at least one error. That is an amazing statistic, particularly given the extraordinary leaps in innovation across the global supply chain during the past two decades. Download this white paper to learn more.

Inovis White Paper Sample

Challenges in Trading Partnerships
It’s a given today that companies rely heavily on their partner networks to lower costs, accelerate sales and help differentiate the products. This is true for both the multi-channel retailer sourcing overseas and the high-tech manufacturer pushing the limits of lean inventory methods.

But as the physical supply chain has stretched ahead in innovation, it has left in its wake persistent data quality issues in supplier transactions that continue to impact both companies and their suppliers.

As background, partner transactions typically involve exchanging standard format electronic files. The electronic data interchange (EDI) format is still the standard and is transported over the Internet, private exchanges or value-added networks (VANs). The two major EDI standards include EDIFACT (outside US) and X12 (US). Common documents include advanced shipment notifications (ASNs, EDI 856), invoices (EDI 810) and purchase orders (EDI 850).

How did we get into this mess?
At a basic level, this is a situation where the game has changed but systems and tools haven’t kept up. To respond to market demands, the supply chain has vastly improved but gotten more complex and companies are still leaning on legacy tools and enterprise resource planning (ERP) systems to improve trading partner transaction quality.

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