A new white paper, co authored by Professor Alan Braithwaite, estimates that data inaccuracy among the top five retailers and their suppliers is costing as much as £1.4 billion per year – one per cent of total revenue, and a considerably higher figure than previously estimated.

The paper sets out eight key steps to secure the benefits of high levels of accuracy:

1. Measure actual performance – continuously.
2. On physical dimensions, use equipment like CubiScan to capture missing data on goods receipt.
3. Monitor and analyse data adjustments.
4. Set up a perpetual audit process.
5. Apply the framework to identify value potential and focus on the big opportunities.
6. Systematically improve Processes to manage input.
7. Build six sigma accuracy into cross-functional KPIs and make data quality everyone’s responsibility.
8. Automate data alignment where possible.

With its built in reporting functionality OpenEDI has enabled suppliers to automate their data transfer and upload product file data, price file catalogues, inventory reports, sales reports.  This total supply chain EDI enablement means that clean, accurate data is sent and received instantly allowing retailers and suppliers better visibility of stock, instant knowledge of order/delivery quantities and correct allocation of warehouse and shelving space.

Contact Transalis now to find out how we are changing the way companies communicate.

For the full article please check the link below:

http://www.logisticsmanager.com/Articles/14171/Data+inaccuracy+costs+retail+14+bn.html?IBE=LMDaily

 With Transalis OpenEDI Managed Services there’s no software or EDI knowledge required.

OpenEDI is used by large organizations such as Argos, Microsoft, PLAY.com & Tetley & 1,000’s of other companies for the complete EDI order-to-invoice cycle for 1,000’s of suppliers & buyers. With OpenEDI there’s nothing stopping any organization rolling out EDI to all their large, small & medium size trading partners for total supply chain EDI enablement.

Contact
Adam Swanson
Business Development
TRANSALIS Ltd
UK: +44 (0) 1978 369 343
USA: (845) 605-4475
aswanson@transalis.com

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You can completely remove your VAN costs with a single freeVAN connection to your whole supply chain. Other VANs charge for traffic generating costs and not all suppliers use the same VAN creating complexity. FreeVAN simplifies the process as all suppliers can connect easily to any retailer via freeVAN with no traffic charges to the retailer.

With freeVAN you can send & receive unlimited EDI Orders, Order Amendments, Acknowledgments, Invoices, ASNs, Despatch Advice Notes, Delivery Notes, Debit Notes, Credit Notes, Remittance Advice Notes, Sales & Inventory Reports & any other EDI documents with zero traffic costs.

FreeVAN offers 100% supply chain EDI enablement with considerably reduced costs, higher productivity and optimized processes plus Managed Services for Web, Integrated & Supply Chain EDI. And, you can remove outdated EDI translation software for seamless EDI integration with your internal systems using Transalis OpenEDI Managed Services.