ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is EDI
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computer-to-computer exchange of business documents from a retailer to a vendor and back
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an approach for improving supply chain efficiency in which the manufacture is responsible for maintaining the retailers inventory levels in each of its store
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an electronic document that the supplier sends to the retailer in advance of a shipment to tell the retailer exactly what to expect in shipment
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the process of recording the receipt of merchandise as it arrives at a distribution center or store
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Explanation:
Detailed explanation-1: -Electronic Data Interchange (EDI) is the automated, computer-to-computer exchange of standard electronic business documents between business partners over a secure, standardized connection.
Detailed explanation-2: -EDI applies to documents such as purchase orders, invoices, shipping notices and commission sales reports, as well as other important or classified information. For example, an insurance company can verify that an applicant has a driver’s license through an EDI exchange.
Detailed explanation-3: -Simply put, an EDI provider is an organization that offers EDI services and/or software to businesses, typically in a managed or self-service package.
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