Electronic data interchange (EDI) systems are more than 30 years old. They no longer work effectively in today’s challenging, hyper-competitive and volatile business environment. Combine that with the rigid requirements of a company’s enterprise resource planning (ERP), it’s no wonder most companies become stuck. However, recent technology innovations are presenting a plethora of opportunities. Those that seize them will get themselves unstuck and be in a lead position to capture tangible competitive advantages.
In order to create an edge and unlock the next level of revenue realization, companies are evolving their supply chains away from antiquated EDI systems to next-generation business networks combined with value-rich technologies for business process applications and predictive analytics. Together, they are real game-changers, allowing companies to reconcile the tension between the speci c requirements of their ERP instance, and the wide variety of processes and technologies across their trading partners. Removing this friction is the rst step to bringing the outside-in supply chain to a company’s enterprise.
Outside-in supply chains enable companies to conduct more ef cient commerce, develop deeper trading partner relationships, achieve forward-looking exibility, communicate more effectively with social, gain predictive insights into market opportunities or disruptions, and more. Outside-in supply chains allow companies to deliver an Amazon-like, customer-centric experience that buyers expect.