Electronic Data Interchange (EDI) is defined as the computer-to-computer exchange of business information in a standard and structured format. EDI is adopted by businesses across many industries because it optimizes workflow by replacing previous order process such as mail, fax, or email and electronically exchanges documents between two companies with different business systems. EDI eliminates the need to re-key information, reduces error-prone data entry and speeds up the process of exchanging business documents with customers and other trading partners.
For companies of any size, implementing EDI is necessary for maximum competitiveness and growth. Right from the start, EDI accelerates data exchange and sharpens information. It also will reduce costs and improve operational performance across your organization. Because these electronic transactions are so efficient, customers that use EDI prefer to work with vendors that have EDI systems in place.
The infographic below visually outlines the EDI Process for both the buyer and supplier and how an EDI service provider such as DataTrans Solutions is involved.
(Click on the image for full view)
