Whiteboard Wednesday: Benefits of an Electronic Data Interchange (EDI)

Welcome to another installment of our long-running Whiteboard Wednesday series. We’ve covered a lot of inventory-related topics in these videos, last week going through the ins and outs of retail inventory management. This week Fishbowl CMO Kirk Tanner returns to delve into the benefits of using an Electronic Data Interchange (EDI). Whether you’ve got a big or small business, you should definitely use an EDI. It helps to standardize your billing and ordering forms. Most large retailers, like Target and Wal-Mart, refuse to do business with any company that doesn’t have an EDI, so it’s extremely important that you get one. Not only should you have an EDI, but you should make sure it works with your inventory management system.