What is the implication of electronic data interchange business?

Answer 1

In my view being in Africa it will and would greatly transform life take road related waste in Africa accidents, deaths, ware and tear and road related health imlication its estimated is more than all aide given to Africa yet many avoidable movement exposing people to danger that could be done using EDI am planning to start one for local traders in the rural Botswana i have just got my ADSL on please any advise is well come am kafeero David Take am riginally from Uganda i want to set up an African dress ware via net from my home to Botswana am also a creative writer in general and Christian matters i need where i would write articles for some fee

TEl-267-71560137

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Email kafeero@yahoo.com

Answer 2

Short for ElectronicData Interchange, the transfer of data between different companies using networks, such as VANs or the internet. As more and more companies get connected to the Internet, EDI is becoming increasingly important as an easy mechanism for companies to buy, sell, and trade information. ANSI has approved a set of EDI standards known as the X12 standards. EDI is used to integrated erp with ecommerce

Answer 3

The EDI process provides many benefits. Computer-to-computer exchange of information is much less expensive than handling paper documents. Studies have shown that manually processing a paper-based order can cost $70 or more while processing an EDI order costs less than one dollar.

• Much less labor time is required
• Fewer errors occur because computer systems process the documents rather than processing by hand
• Business transactions flow faster.

Faster transactions support reduction in inventory levels, better use of warehouse space, fewer out-of-stock occurrences and lower freight costs through fewer emergency expedites.

Paper purchase orders can take up to 10 days from the time the buyer prepares the order to when the supplier ships it. EDI orders can take as little as one day.

One drawback to EDI is that companies must ensure that they have the resources in place to make an EDI program work; however, the need for buying and hiring these resources or outsourcing them may be offset by the increased efficiency that EDI provides.

Answer 4

The three main methods:

1. Dedicated circuit (the wire leading to your stereo speakers)

2. Circuit switching (like calling on the telephone)

3. Packet switching (like the internet)

Everything pretty much uses one of these three methods to get the job done.

Answer 5

Electronic data interchange refers to a method of transferring data between different computer systems and networks. EDI is often used by bigger companies for e-commerce purposes.