BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Last 2017
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In 1990s
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Before 1990s
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By 2000s
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Detailed explanation-1: -Manufacturing, healthcare, pharmaceutical, utility and construction companies are good examples of EDI clients.
Detailed explanation-2: -Electronic Data Interchange (EDI) is the electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Business entities conducting business electronically are called trading partners.
Detailed explanation-3: -EDI in the supply chain standardizes transactions with suppliers reducing the risk of miscommunication, human error, incorrect shipments and other mistakes. This can especially helpful for large retailers as they deal with a large variety of suppliers within their supply chain.