BUSINESS

EDI security
What do you mean by EDI security?

An important aspect of EDI is the security of messages during the exchange. It should be ensured that the interchange of messages is reliable. Further aspects of security are: Controls in the EDI standards:- EDI standards include controls designed to protect against errors in the message and the corruption of message during the interchange. Controls […]

EDI standards implemented
How are EDI standards implemented?

EDI standards implemented:- Before using EDI, the trading partners must set up a trade agreement which will define all the parameters of EDI. Each partner in an EDI trade agreement must independently determine a method to translate internal data to and from EDI formatted messages. Each partner must agree on the communications media and arrange […]

EDI Standards
What is EDI Standards in E-commerce?

When e-business started, the need for common standards was felt as there were many different types of computer systems and different ways of storing data. Since the sender and receiver in the EDI systems had to exchange business documents that could be interpreted by all parties, it became necessary to develop standards in EDI. Many […]

Disadvantage of EDI
What are the disadvantage of EDI?

Disadvantages of EDI:-“Electronic data interchange (EDI) Is the electronic exchange of business documents in standard, computer-processable, universally accepted format between the business partners.” Following are the disadvantages of EDI:- Too many standards:- There are too many standard bodies developing standard documents formats for EDI. For example, one company may be following the x12 standard format, […]

edi benefits
What are the benefits of EDI?

Following are the benefits of EDI:- Speed:- Information moving between computers moves more rapidly and with little or no human intervention. Sending an electronic message across the country takes minutes or less. Improved problem resolution:- EDI responds quickly to business enquiries and transfers of documents with an automatic audit to ensure accuracy and consistency. EDI […]

purpose of EDI
Purpose of EDI and Cost of EDI in E-commerce

Purpose of EDI:- The purpose of EDI is to enable the exchange of the information for commercial transactions among information systems in different companies accurately, efficiently and economically. A number of standards for communication protocols and data formats have been developed for EDI in ISO (International Standardization Organization) and ANSI (American National Standard Institute). EDI […]

Electronic Data Interchange
What Is Electronic Data Interchange (EDI)?

Electronic data interchange (EDI) Is the electronic exchange of business documents in standard, computer-processable, universally accepted format between the business partners. Electronic Data Interchange (EDI) EDI may be defined as the transmission of business data in a structured, electronic format from a computer application in one business format from a computer application in one business […]

Variety of Transaction
Variety of Transaction in Inter Organizational

Variety of Transaction in Inter-Organizational:- There are many organizations and there is a variety of transactions that take place. The organizations range from a large supermarket chain down to a local corner shop. The type of transaction that takes place and how it is executed depends on the size of the business involved, the nature […]

Credit Transaction Trade Cycle
Credit Transaction Trade Cycle in Inter-Organizational

Credit Transaction Trade Cycle:- Most inter-organizational trade transactions take place as a part of an established, ongoing trade relationship. The trade cycle for inter-organizational transactions is generally a credit trade cycle. The stages in the credit trade cycle are: Pre-sales:- Before trading starts, the two organizations need to make contact (search) and agree on trading […]

Inter-organizational Transaction
What Are Inter-organizational Transaction in E-commerce?

Inter-organizational Transaction e-commerce refers to the full spectrum of e-commerce that can occur between two organizations. It is the e-commerce between businesses i.e. the businesses focus on selling to other businesses in the B2B e-commerce. It includes companies doing business with one-another with a goal to save money on purchases that can be negotiated easily. Companies […]