top of page
EDI (Electronic Data Interchange)
The electronic exchange of business documents between organizations, improving efficiency and accuracy in transactions.
Implications
The electronic exchange of business documents, such as purchase orders, invoices, and shipping notices, between companies using standardized formats, often used to streamline supply chain operations and reduce errors and costs.
Example
Example: A large retailer uses EDI to automatically receive purchase orders and send invoices to its suppliers, reducing paperwork and speeding up the procurement process.
Related Terms
Different from manual data entry, which is slower and prone to errors, EDI automates the exchange of information, improving efficiency and accuracy in business transactions.
Get INSTANT comprehensive market research of any industry
Chat with AII Consultant Now!
bottom of page