EDI 867: Product Transfer and Resale Report
EDI 867 Definition
The EDI 867 Product Transfer and Resale Report is a transaction set used within the electronic data interchange (EDI) framework to communicate data regarding the transfer, resale, or reporting of products between trading partners. This document is typically used by suppliers and manufacturers to receive detailed reports from distributors or retailers on the sales performance of products, inventory levels, and product movements. It enables the tracking of product distribution and sales trends, facilitating better demand forecasting and inventory management.
What is EDI 867 Used for?
Manufacturers and suppliers use the EDI 867 to receive detailed reports from their distribution channels about the sales and movement of their products. This information helps in analyzing market demand, planning production, managing inventory, and developing sales strategies. Retailers and distributors generate these reports to provide transparency into product performance and to comply with supply chain partnership agreements.
Key Elements of EDI 867
An EDI 867 document typically includes key elements to effectively convey information about product transfers and resales:
- Transaction Set Header and Trailer: Marks the beginning and end of the EDI 867 document, encapsulating the resale report details.
- Report Header: Provides general information about the report, including report type, date range, and identification.
- Product Identification: Details about each product being reported, including item numbers, descriptions, and relevant product codes.
- Sales and Inventory Data: Specific data related to the sales, transfers, and inventory levels of the reported products, including quantities sold, returned, and on hand.
- Location Information: Details about the locations involved in the sale or transfer of the products, such as store numbers or warehouse locations.
Benefits of EDI 867
Utilizing the EDI 867 document offers several advantages:
- Enhanced Market Insight: Provides valuable insights into product sales trends and market demand, supporting strategic decision-making.
- Improved Inventory Management: Helps in optimizing inventory levels based on actual sales data, reducing overstock and stockouts.
- Efficient Supply Chain Planning: Facilitates better production and distribution planning by providing detailed information on product movements.
- Strengthened Partner Relationships: Enhances collaboration between trading partners by sharing critical sales and inventory information.
EDI 867 Document Example
Here’s a simplified example of what an EDI 867 might look like in raw data format:
ST*867*0001
BPT*00*REPORT123*20241130*RD
LIN*1*VP*1001*PD*Widget A
UIT*EA
QTY*QS*1000*QA*900*QC*100
LIN*2*VP*1002*PD*Widget B
UIT*EA
QTY*QS*500*QA*450*QC*50
CTT*2
SE*8*0001
Guide to EDI 867 Terms and Elements:
- ST (Transaction Set Header): Initiates the EDI 867 document, identified by a unique control number.
- BPT (Beginning Segment for Product Transfer and Resale Report): Provides basic information about the report, including the report number and date.
- LIN (Item Identification): Identifies each product being reported, including item numbers and descriptions.
- UIT (Unit of Measure): Specifies the unit of measure for the products being reported.
- QTY (Quantity): Details the quantities related to sales (QS), available inventory (QA), and returns (QC) for each product.
- CTT (Transaction Totals): Summarizes the total number of line items reported in the document.
- SE (Transaction Set Trailer): Concludes the EDI 867 document, ensuring completeness and accuracy.
This example is designed to give a basic understanding of how an EDI 867 document might look, including the types of information it conveys. Remember, the actual implementation might vary based on specific business needs and partnerships.
Transform Your Product Transfer and Resale Reporting with Comparatio
Ready to enhance your inventory and sales reporting accuracy with EDI 867? Contact Comparatio today to discover how our EDI solutions can streamline your product transfer and resale reporting, improve data accuracy, and support better decision-making in your supply chain management.
