Data Transparency in EDI & API is Critical for Supply Chain Relationships and Organizational Success 

According to a Harvard Business Review Analytic Services Report, 60% of business leaders say a lack of transparency represents a risk to their business. 

Data transparency refers to the ability to view and track data to ensure the integrity of all transactions and processes across all networks. Although data transparency includes visibility, the sharing and communicating of data in its details are integral in defining transparency and its value to people inside and outside an organization. 

In this blog, we define what data transparency is and how it impacts business and supply chain relationships when it comes to the EDI industry. We also discuss how EDI enhances visibility within your organization and your community. 

Data transparency in business and supply chain relationships 

In supply chain relationships, transparency is essential to establish trust. “Nearly three-quarters of respondents feel that trust matters more than it did last year, according to a survey by Salesforce.” As more organizations standardize processes, transparency in supply chain relationships is key to the community’s success. It also fuels trust and comradery, which are at the core of doing good business.  

Through business partnerships, the supply chain relies on collaboration to drive success. As Jason Tham mentioned in a recent The New Level Podcast episode, organizations must form a robust ecosystem to give stakeholders more visibility and collaborate effectively in meeting demand and responding to unpredictable events.  

In the below graph, you can see that as organizations become more transparent, so is their level of success.  

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Source: Harvard Business Review Analytic Services Survey, September 2019 

How is data transparency important in EDI? 

90% of B2B transmission in the supply chain is transmitted thanks to EDI. Therefore, transparency on EDI data is instrumental in bringing information to businesses quickly and efficiently so organizations can meet their requirements, pivot if necessary, and maintain strong relationships with their trading partners. 

Being transparent about inventory and shipment tracking data – like sending an EDI 846 Inventory Report or EDI 856 Advanced Shipment Notice – is an essential part of EDI requirements with various trading partners. This data allows organizations to make buying decisions, based on forecasts and make room in their warehouses for incoming stock. 

When data transmission or integration problems arise, end-to-end data transparency allows stakeholders to resolve issues promptly, avoiding chargebacks and damaging company reputations. By being transparent with EDI data with your trading partners and pivoting if errors arise, organizations can maintain positive relationships with their supply chain ecosystem and set themselves apart from the competition. 

If you choose the right B2B data integrator, you can be sure they can provide access to data you need to transmit, the details on errors and support on how to fix them and guidance and tools to enable your organization to tackle new projects with confidence. For tips on choosing the right EDI provider, visit our blog: Changing EDI Providers – How To Ensure A Smooth Transition

How can ERP & API Integrations help?  

Organizations invest in ERPs like SAP, Acumatica, Microsoft Dynamics 365, and others to increase visibility, efficiency, and scalability. Centralizing your data and investing in these integrations reduces mistakes that can affect your data accuracy. 

Investing in ERP integrations has additional benefits for your organization, including more manageable and cost-effective employee training, which helps your organization resolve issues quicker and ensures you keep a good reputation on the market. If you haven’t had a chance to watch The New Level Podcast Episode with Christopher Williams, an SAP Business One implementor, follow this link.

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Solution EDI et API de Vantree pour SAP Business One

 Why is a human approach just as crucial in data transparency?  

B2B data integrators who offer excellent customer experience know the importance of assigning your company a specific project manager, EDI analyst, and developer who understands your business and can provide you with the quickest responses. This way, whenever you need help, you know who to contact and how to reach them and can be counted on to provide the same service level every time. This is a clear example of how transparency in relationships is just as important as data transparency. Learn more about what makes Vantree unique with its Team Based Support structure by checking out one of our blogs called: Same Team, Same People – Each Time You Need Help. 

Conclusion 

Data transparency within your business and supply chain ecosystem is key to your company’s success. In a world that runs on critical data being exchanged every second, investing in the right B2B data integrator who can transmit EDI & API data on your behalf with high accuracy and transparency is going to allow you to set yourself apart from the competition and future proof your business. 

If you’re interested in learning about Vantree’s Web or EDI Automation solutions, which gives users 24/7 visibility and logs on all your B2B traffic, please reach out to our team by writing to sales@vantree.com
 
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