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The Benefits of an EDI Dropshipping Program

Have you heard of the EDI dropshipping program? A lot of people haven’t, which is why they also don’t understand the benefits of it. Let’s say that a client wants to purchase 20 coasters, and that you, as a business, supply these but as a dropshipping program. This means that your client has to tell you that they want the coasters, you have to tell your dropshipper, they have to send the product out, your client makes the payment, you split the payment between yourself and the dropshipper, and so on. All of this takes a lot of time, because they are all individual actions that require actions and documentation. With an EDI, however, everything can be automated.

How an EDI Dropshipping Program Can Benefit You

Perhaps the greatest benefit of all is that you are working with an electronic format, which follows through every step of the ordering process. This means you save tremendously on time, but also that you minimize the chance of human error. It reduces cycle times and your staff can finally catch up to those data entry back logs. A single EDI system can receive the order, manage the dropship element, and invoice it, within a day. In fact, some studies have shown that it can lead to a 40% reduction in time.

The result of this is that, when a company implements an EDI, they can suddenly handle far more orders, without having to hire new members of staff. This means their revenues increase and that they see a very rapid return on investment for their EDI program. These savings that allow for the return on investment come from:

  • The reduction in data entry errors.
  • The removal of mail time.
  • Reduced lead times, labor processing time and cost, order cycle time, and inventory carrying cost.
  • The elimination of paperwork and the processing time that comes with it.

Thanks to EDI margins are improved and customers can enjoy greater customer service, which improves relationships. Furthermore, it means businesses can manage internal priorities better. Various studies have shown that the processing of a single invoice outside of an EDI program costs $5 – electricity, paper, printing ink, direct labor, handling, postage, and so on. With an EDI, however, the cost is just $0.50.

Last but not least, an EDI allows for the implementation of JIT (Just in Time) processes. JIT means that companies can avoid obsolete inventories or stock-outs, reduce the cost of carrying inventory, and lower the lead times associated with their suppliers. This is particularly important for those who use a dropshipping system. It is important to have good agreements in place to use the EDI, of course, but that is quite easily done. In fact, if the dropshipper is not yet using an EDI themselves, they will quickly see how beneficial it actually is and perhaps sign up to their own system as well.

Clearly, if you use dropshipping, you should consider investing in EDI. Your business could potentially grow tremendously as a result.

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Announcing Bundesliga Champion Borussia Dortmund Regional Partnership with GMO Trading

London, 29th June 2018 – In a big announcement today, GMO Trading one of the fasting growing online CFDs trading platform providers, has touted its new partnership with Borussia Dortmund, the eight time German Bundesliga Football Champions. The pact will position GMO Trading as the official regional partner for the football club this season.

At the commencement of the upcoming Bundesliga season, the companies will work closely to grow GMO’s market leading CFDs trading platform throughout Europe outside of Germany. The 2018-19 Bundesliga football season commences on 24th August, but GMO has already begun its marketing activities on its website at www.gmotrading.com and on its social media pages.

The GMO Trading platform is currently a favorite among CFDs traders throughout Europe including Germany and the UK. It features advanced speed and security and is easy to operate. There are training and research tools making it a top choice for beginning and

For those current and new GMO Trading clients, the marketing partnership will pay great dividends. They will receive offers to purchase limited Borussia Dortmund merchandise and access to VIP tickets and perks.

GMO Trading will be rolling out a number of Borussia Dortmund themed initiatives across its website and social media pages over the coming months.

For more information, please email Rebecca Wharmby – Rebecca.Wharmby@Threepipe.co.uk

About GMO Trading

GMO Trading is the brand name of Royal Forex a Cyprus Investment Firm, regulated by Cyprus Securities and Exchange Commission.

The company prides itself in offering its clients a first class trading platform that ensures the best available tools and provides them with access to global trading markets and all the available trading products.

For more information, visit the GMO Trading website at www.gmotrading.com or visit its Facebook at www.facebook.com/gmotrading/.

Canadian Destinations to Rekindle Your Love For Nature

If you are a nature lover then Canada should most certainly be at the top of your list fo places to visit. This vast nation manages to encompass just about every type of natural environment within its borders and it offers a huge amount for tourists to discover. Owing to the size of the country, you need to be smart with your travel planning, to make sure that you are able to visit all of those spectacular natural sights that are ready and waiting for you to discover. When you do go on a trip to Canada, looking to get back in touch with nature, here are the best places that you should be aiming for.

Emerald Lake, Yukon

For animal and nature lovers, Emerald Lake in southern Yukon makes for a perfect destination. This area was given the name Emerald owing to its thick and dense green color, which both the trees and the lake have. The Yukon Wildlife Preserve is one of the best opportunities to see several of Canada’s most famous mammals. This reserve covers a vast area of over 700 acres.

Cape Breton Island, Nova Scotia

Nova Scotia is a rugged territory with a truly unique landscape. Just off the Atlantic coast here you will find Cape Bretton Island, where the Highlands National Park is situated, possibly one of Canada’s most beautiful spots. Here you will have stunning ocean views across the Atlantic Ocean as well as some of the finest vantage points to spot black bears, moose, bobcats, coyotes and the illusive red fox. As if all of this wildlife wasn’t enough, you can also take trails along the coastline which can give you a birds-eye view of whales and dolphins swimming below.

Banff National Park, Atlanta

Some of Canada’s most iconic images are those with jagged mountain ranges, peering over turquoise glacial lakes with thick forest interspersed between the two. This is exactly what you will find in Alberta’s Banff national park, a truly spectacular corner of the world. This is actually the oldest park in Canada and the region makes up over 6000 square kilometers of land. It is here that the Canadian Rockies call home, with their snow-capped peaks and dramatic landscape. Here you can take kayak tours through the lakes and rivers, hike and climb, animal spot, or simply camp out in one of the most scenic places on the planet.

Churchill, Manitoba

This area of Canada is known as the country’s polar bear capital, and a trip here will all but guarantee you a chance to witness these awesome animals in their natural habitat. As if the sight of a polar bear wasn’t enough, here you can also spot beluga whales and almost 300 different species of local birds. Beyond everything else however, seeing a polar bear up close and personal, going about its daily business, will undoubtedly be one of your biggest highlights of visiting this gorgeous region of Canada.

Why not get back in touch with nature this year and hit some of Canada’s most beautiful scenic spots.