EDI 867 Product Transfer and Resale Report

EDI 867 is a valuable tool for tracking the movement and sale of products in the supply chain, providing valuable data for analysis and decision-making. In this guide, you'll learn about EDI 867 transaction sets.

What is an EDI 867?

The EDI 867 Product Transfer and Resale Report is an electronic version of a paper Product Transfer and Resale Report transaction set. It updates the receiving party on changes in general product information. EDI 867 Product Transfer & Resale Report is used to provide information regarding a product under the following circumstances:

• Transfer of a product to a new location
• Sales of a product from multiple locations to the point of sales
• Returns from customers to a distribution centre or retail locations

The 867 transaction set can be used in many industries while the retail industry is likely the most common to use it. It can also be used by manufacturers, wholesalers, distributors, and utility companies. The EDI 867 Product Transfer and Resale Report are used by both buyers and sellers when information on product transfers is requested by the other business partner. After receiving an EDI 867, an EDI 997 (Functional Acknowledgement) is sent back from the receiver as confirmation that EDI 867 was successfully received.

What are the Key Elements of EDI 867?

Key information included in an EDI 867:

• Organization identification Details (ship from/ship-to)
• Product and purchase details such as the quantity, type codes, and purchase orders
• Transaction totals by line item, weight, and size

How is Product Transfer and Resale Report used?

EDI 867 is a digital message that businesses use to share information about product sales and movements. It's like a report card that tells suppliers how their products are doing.

This message can be used by many different types of businesses, from small retailers to large distributors. It can help suppliers track how their products are selling, where they're going, and if there are any problems with inventory.

EDI 867 is similar to EDI 852, but it provides more details and can be used for a wider range of situations.

When a supplier receives an EDI 867, they usually send back an EDI 997 to confirm that they got it.

EDI 867 Use Cases

• Retail: Retailers can use EDI 867 to report the sale of products to their customers and provide inventory updates to their suppliers.
• Distribution: Distributors can use EDI 867 to report the transfer of products to their customers and provide sales data to their manufacturers.
• Manufacturing: Manufacturers can use EDI 867 to track the movement of their products through the supply chain and analyze sales performance.

Benefits of EDI 867

EDI 867 offers several significant benefits for businesses involved in reporting product movements. By providing detailed information on sales, returns, and inventory transfers, it enhances supply chain visibility and accuracy. Businesses can efficiently track product movements between stores, warehouses, and distribution centers, leading to better inventory management and reduced stock discrepancies. In industries like healthcare, where EDI 867 is commonly used, it helps distributors report sales and returns accurately and claim rebates effectively. The transaction set's broad applicability also enables companies to report not just physical product movements but also instances of lost sales due to stock shortages.

Compared to similar documents like EDI 852, EDI 867 offers a more comprehensive view of stock movements, making it a valuable tool for both operational efficiency and financial accuracy. Additionally, its flexibility in triggering events or scheduled reporting ensures timely and relevant updates, while the EDI 997 Acknowledgment confirms receipt and helps maintain reliable communication between trading partners.

EDI 867 Format

This is the original, structured format of the EDI 867 document, designed for computers to exchange data efficiently. It uses specific symbols like asterisks (*) and tildes (~) to organize segments and elements.

Example of an EDI 867 Document

Here’s a simplified example of what an EDI 867 document might look like:

ISA*00* *00* *ZZ*SELLERID *ZZ*BUYERID *240830*1406*U*00401*000000001*0*T*:~

GS*PO*SELLERID*BUYERID*20240830*1406*1*X*004010~

ST*867*0001~

B3*123456*20240830*1*PO*1234567890*9876543210~

B4*001*123456*10*EA*20240830~

DTM*011*20240830~

N1*ST*SELLER NAME*92*SELLERID~

N1*BT*BUYER NAME*92*BUYERID~

SE*10*0001~

GE*1*1~

IEA*1*000000001~

The EDI 867 Product Transfer and Resale Report provides detailed and standardized information about the movement of products between trading partners. It supports inventory management, reconciliation, and compliance, ensuring that both parties have accurate records of product transfers and resale.

Automate EDI EDI 867 Product Transfer and Resale Report from the Inofocn Systems Experts

No need to enter your orders manually anymore- use Infocon Systems’ web-portal to automatically trade purchase orders, invoices, shipping information etc. between you and your trading partners.

With 30+ years of experience in designing custom software solutions for its customers in any industry, Infocon Systems is a leading EDI Service Provider offering cloud-based EDI solutions with the right tools, remote training and continuous 24/7 support to trade documents with your trading partners.