EDI in business

Article Abstract:

A KPMG/EAP survey reveals that 50% of the London Times Top 1000 companies use electronic data interchange (EDI) technology. EDI, which entails the direct exchange of information between computers, is a valuable technology for firms that are implementing just-in-time systems. EDI can be used to automate the cycle of orders and deliveries and can give firms great savings by reducing the human element in the order/delivery cycle and by improving assess to data. EDI efficiently handles invoices, payments, orders, and deliveries and makes the relationship between the company and customer closer. EDI is based on mutual trust between the company and the customer, and offers simplicity. The benefits of EDI include a faster trading cycle, less paperwork, reductions in errors, cost savings, and increased cashflow.

United Kingdom, Information management, Corporations, Just in time inventory systems, Just in time systems, Great Britain, Corporations, British

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EDI: shaping the way we trade

Article Abstract:

Electronic data interchange (EDI) is becoming a major alternative to the paper transfer of administration and transportation information. EDI has been successfully applied in several different industries including Tallent Engineering's and British Coal's successful application of ISTEL's EDICT system, the EDI Association's developments in electronic data transfer for international shipping, and the SWIFT system for international banking and finance. EDI allows companies to send documents quickly and accurately, receive orders in minutes instead of days, and increase cash flow by reducing payment delays and bank interest.

Analysis, Management, Innovations, Shipping industry, Organizational communication, Information storage and retrieval systems, Society for Worldwide Interbank Financial Telecommunication, Tallent Engineering

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