1. Electronic Data Interchange
... now the invoice could be sent directly to the customer's accounts payable system, speeding payment to the supplier. Speed, Accuracy and Economy are the benefits of EDI. Whether execution of EDI was in the area of purchase orders, advanced shipment notification, or automatic invoicing, several immediate advantages could be realized by exchanging documents electronically. Information moving between ... with changes in business philosophy, has changed the definition of Electronic Data Interchange. The definition must now be more encompassing than merely the rapid transmission of electronic...
- Word Count: 4544
- Approx Pages: 18
- Has Bibliography
- Grade Level: Undergraduate