High transaction volumes, limited product shelf life, variable demand, thin margins, and competition from non-traditional outlets are just some of the endemic factors that drive Food and Grocery suppliers toward finding more efficient means of managing their operations.
Businesses need the scalability, efficiency, and time savings to respond to unexpected demand, minimize time to market, improve vendor scorecard ratings, and achieve revenue and profitability targets with predictability.
To remain competitive, reduce process bottlenecks that lower costs, and quickly satisfy partner demands, Food and Grocery suppliers must eliminate expensive, piecemeal data integration technology and embrace a unified solution that makes important business goals easier to attain:
Achieve transaction visibility and traceability
Safety regulations, including tracking of products from foreign sources, requires timely access to supply chain data. A central integration platform provides real-time visibility and alerts so you can verify orders, shipments, and other events and respond more quickly to exceptions.
Reduce processing cycle times for perishables and other short shelf-life items
Streamline time-critical processes by integrating directly with ERP, warehouse management, and other applications. Turn around responses to partners in near-real time.
Implement demand-driven replenishment
Support VMI, JIT replenishment, and other demand-driven processes, by triggering replenishment from demand signals generated by RFID events or POS transactions.
Gain flexibility to integrate with trading partners on their terms
Connect with retailers, suppliers, and other trading partners using their preferred protocols and document types. A centralized integration platform makes it easy for others to do business with you by implementing custom integrations faster and with less effort.
On-board new customers and suppliers fast
A centralized integration platform accelerates delivery of application data and process changes, so you can engage sooner with trading partners.
Comply more easily with key partner requirements
Implement Order-to-Cash, Procure-to-Pay, and other B2B processes, including Ship Destination Quantity (SDQ) and other specialized transactions.
Broaden your reach to include less technically sophisticated partners
Easily integrate with small or off-shore partners that are not EDI-capable by exchanging spreadsheets, flat files, and other desktop office suite-compatible documents.
Integrate directly with internal applications
Support multiple methods to integrate with all your applications, including both commercial and in-house developed software, on-premise or in the cloud, with one set of tools.
Provide secure, on-demand data access to trading partners
Create web services that expose order status, shipment status, inventory availability, and other information, on-demand.
Synchronize your product catalog data
Synchronize catalog data with retailers using EDI, Global Data Synchronization, flat files, or third party catalog applications.
Gain capacity to handle large documents and demand peaks
Except high-volume data transactions, process very large documents and handle very high transaction rates.
Learn about how Food and Grocery suppliers use EXTOL integration software as a data hub to automatically manage the exchange of any internal or trading partner message, order, payment, or data transaction and eliminate risk of process bottlenecks, redundant tasks, and costly errors.