Electronics manufacturing companies are leveraging EDI tools to thrive in competitive markets and improve supply chain efficiencies.

The electronics industry is rapidly changing how it conducts business across the supply chain due to the growing benefits e-procurement software.

Electronics manufacturing companies need to keep up with evolving manufacturing processes and in-demand products as rapid industry-wide transformations, and technological advancements occur daily.

Before the advent of e-procurement software, traditional procurement was originally executed through manual processes which relied on fax, email, and phone.

Throughout the electronics manufacturing industry, purchase order management frequently leads to inefficient and manual processes. Organizations often don’t devote resources to updating these outdated procedures as it is often a lower-visibility task.

Procurement is an area where companies tend to implement legacy systems and processes that are rarely reviewed, overhauled and improved.

EDI software and APIs offer efficient methods of exchanging data between business partners, with the potential to transform business procedures throughout the supply chain.

Creating a (BOM) Bill of Materials for business partners is a time consuming, difficult process to complete manually. Sales teams must review rows of spreadsheets and paperwork for information, cross-referencing between different items, vendors, suppliers, acceptable alternatives and more.

The Ben Franklin Technology Partners of Northeastern Pennsylvania recently announced the winners of their annual Innovation Awards.