Medart Marine adopts MDX
CHICAGO – Medart Marine recently implemented the Marine Data Exchange and has been actively trading on the network since Dec. 1, the National Marine Manufacturers Association said in a release yesterday.
Developed by the National Marine Manufacturers Association and the National Marine Distributors Association, MDX automates the trade of purchase orders, acknowledgments, shipment notifications and invoices between parties on the MDX value added network. MDX is a form of electronic data interchange.
Medart Marine is a third generation, family-owned company headquartered in Saint Louis, Mo., with additional warehouses in Kansas City, Mo., Memphis, Tenn., and Mobile, Ala. Adding MDX connectivity provides an additional vehicle for streamlining procurement.
“Connecting through MDX for key marine suppliers makes sense for us,” says Michael Medart, third-generation owner and NMDA immediate past president. “We’ve been using EDI in the other industries we serve, and we know that this type of e-commerce offers the scalability and efficiency we need to keep up with demand.”
In 2007, the volume of purchase orders and other documents traded over MDX on an average monthly basis doubled compared to 2006 totals. For some companies using MDX, benefits realized in the form of greater efficiency can help offset challenging market conditions and may even provide opportunities for growth.
“The MDX network is expanding, not only in volume, but in terms of new buyers and suppliers trading,” says NMMA’s John Warnik. “We expect to add several key companies this year, validating third-party indications that these type of exchanges remain a viable solution for e-commerce over the long term.”
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