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Obtaining timely and accurate information from downstream supply network partners to gain better understanding of market intelligence and asset management has always been challenging. The GridNode Integration Platform Suite is designed to implement a single solution, compliant to leading industry e-business standards such as RosettaNet and Web Services.
Distributors and resellers are usually required to send sales information in various formats to the OEM manufacturer. Extracting this data and then formatting the data in a different way creates costly overhead, delays the sending of the information, increases the time to publish the information and often requires manual intervention thus leading to errors.
The manufacturer spends unnecessary time consolidating the data received from many partners, and preparing it for input into their ERP systems. Very often, the data is incomplete.
Information required to manage business is inaccurate and delayed. This results in inaccurate inventory calculations and hence over / under stated financial reserves, delayed payments to the partners, inaccurate forecast made on market conditions and the inability to verify warranty claims.
As costs in the industry continue to be reviewed the need for more frequent cycles is required but hindered due to the ineffective methods used to exchange data. In addition, the need to penetrate further down the sales chain is an ever-increasing requirement, managing the data manually and in many formats is impractical as the partner activity expands.
The business benefits are to improve the information flow and reduce the costs of managing the associated business processes that generate and utilize the information:
Maximise Sales Out Reports
 | Enhanced market awareness from increased accuracy and timely data. |
| Rapid processing of data leading to improve turn-around time of financial rebates. |
| Fewer discrepancies / manual queries. |
| Improved capability to resolve issues that do occur |
Reduce Inventory
| Inventory position based on real-time market intelligence / sales demand |
| Increased inventory turns |
| Lower supply chain cost and higher margin |
Improved cash flow from streamlining business processes
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"In the highly competitive electronics distribution industry, ELKO Group continues to focus on providing our customers with excellent service, while enhancing our ability to work with our suppliers and internal divisions to rapidly respond to changing market conditions. GridNode’s reliable standards-based solution, supported by its top-notch implementation team, empowered ELKO to achieve faster and more accurate enterprise-wide visibility of our trading partners and multiple locations."
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Jens Hartmann
CEO, ELKO Group
See Elko press release here
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