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Practices
EDI Commitment:
Electronic Data Interchange is a part of the Swift & Company® strategic
initiative and is the enabling technology that supports Just-In-Time and Quick
Response business practices. Swift & Company® is actively involved in re-engineering
our business processes to improve customer satisfaction by eliminating data
keying errors, eliminating redundancy, lowering costs, and increasing the accuracy,
timeliness and efficiency of product delivery. A principal feature of business
process re-engineering is the elimination of paper-based processes. The elimination
of paper can only be achieved through EDI.
What is EDI?
EDI is the exchange of business documents between computer systems in a standard
format. Business documents can include any transaction currently sent between
companies on paper. Standards supported by Swift & Company® include the
American
National Standards Institute (ANSI), Accredited
Standards Committee (ASC) X12 format and the Uniform Communication
Standard (UCS) format.
EDI Benefits:
The benefits of implementing Electronic Data Interchange (EDI) fall under three
general categories: business efficiency, improved timeliness and real cost
savings.
How EDI Works:
The most effective implementation of EDI is through a Value Added Network (VAN).
The VAN acts as an electronic mailbox – which
frees your company to send or receive according to the business
and technical timeliness of your company rather than transmitting
only within a predetermined processing window. The VAN is equipped
to exchange data with all companies, which eliminates the need
for you to resolve communication hassles associated with different
computer systems and communications protocols. The VAN truly
offers 'value added' services such as retransmission of data,
sender/receiver status information, and management of audit
related reporting.
Standard Format:
The American National Standards Institute (ANSI), Accredited Standards Committee
(ASC) X12 and the Uniform Communications Standard (UCS) formats are supported
by Swift & Company. EDI standards offer broadly understood sets of transactions
that provide the liberty to tailor the data content to your business needs.
Also, it is simple to support multiple versions of the EDI standard format,
allowing either of us to seamlessly migrate to new releases when necessary,
without effecting the trading relationships with our other trading partners.
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Swift & Company, S&C Holdco 3, Inc. and Swift Foods Company Announce Extension of Tender Offers