EDI refers to the exchange of electronic business documents I.e. purchasing orders, invoices, etc. between applications. The exchange involves no paper, no human intervention and takes place in a matter of seconds. EDI documents are formatted using published standards. EDI requires a network connection between the two companies exchanging business documents.
EDI has provided great value to trading partners especially those in certain “EDI – ENABLED” industries such as retail, automotive, and petroleum. The advent of the internet has created a common information and communications platform upon which business can be conducted. Internet provides the communications. Capabilities of EDI over a Value-Added network at a much lower price.
BUSINESS SYSTEMS ARE OF 3 TYPES:-
1. NON-EDI SYSTEMS
2. PARTIALLY EDI SYSTEMS
3. FULLY INTEGRATED SYSTEMS
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