Electronic Data Interchange

Electronic Data Interchange

It is an electronic way to transfer documents in an organization internally (between various departments) or externally (with suppliers,customers,e.t.c.)

Following are few important documents used in EDI:-

*business correspondence letters
*purchase orders
*financial information
*shipping requests

Advantages of EDI:-

*reduction in data entry errors
*shorter processing life cycle
*electronic form of data
*reduction in paperwork
*cost effective
*standard means of communication


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