benefits of EDI

Early in the middle of 60s, parties such as airlines, shipping companies, and retail industries realized that, as fast processing of information is fundamental in order to remain competitive in the business world, large volumes of paper and expensive communication means should be minimized, in order to avoid delays, mistakes, inconsistencies and high costs in business operations, and a new way to achieve this had to be found.

However, we have to realize what exactly is Electronic Data Interchange (EDI). Electronic Data Interchange (EDI) is a set of standards used to exchange business information between computers, and carry out business transactions electronically. EDI is the “paperless” approach to various ...