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:-

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

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s