As procurement cycle data changes and grows, it becomes more and more complex and difficult to manage manually.

EDI software, or Electronic Data Interchange, facilitates the exchange of information and documents between business partners.

As your company grows, the size and complexity of the procurement cycle grows as well.

Electronics manufacturing professionals face many challenges in the current business environment. A global marketplace means that the supply chain is continually growing more complex and widespread, with new players entering the field daily.

Electronic Data Interchange (EDI) refers to the exchange of information between businesses. Using EDI software or an EDI alternative, a company can immediately create and transmit, purchase orders, RFQs, advanced shipment notifications, invoices, and other vital business documents to and from partner companies.

Blockchain, a technology originally developed to support bitcoin, has expanded to applications far beyond cryptocurrencies.

Cloud data management and enterprise data management (EDM) are tools which give companies the ability of to create, integrate, store and disseminate data in an effective manner.

While there have been technological advancements in electronic component purchasing over the past few decades, the purchasing process remains mostly manual.

Companies in almost every industry are learning how to harness the power of big data to improve their processes and products, including in the electronic component supply chain.