What are EDI standards?

Segments (or sentences) are combined to create a Transaction set (or paragraph or document). Two commonly used EDI standards are: EDI for Administration, Commerce, and Transport (EDIFACT) - generic international. American National Standards Institute/Accredited Standards Committee X12 (ANSI ASC X12) - generic.

Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners.

By moving from a paper-based exchange of business document to one that is electronic, businesses enjoy major benefits such as reduced cost, increased processing speed, reduced errors and improved relationships with business partners.

But let’s start with cost savings anyway:

• Expenses associated with paper, printing, reproduction, storage, filing, postage and document retrieval are all reduced or eliminated when you switch to EDI transactions, lowering your transaction costs by at least 35%
• A major electronics manufacturer calculates the cost of processing an order manually at $38 compared to just $1.35 for an order processed using EDI
• Errors due to illegible faxes, lost orders or incorrectly taken phone orders are eliminated, saving your staff valuable time from handling data disputes

The major benefits of EDI are often stated as speed and accuracy:

• EDI can speed up your business cycles by 61%. Exchange transactions in minutes instead of the days or weeks of wait time from the postal service
• Improves data quality, delivering at least a 30—40% reduction in transactions with errors—eliminating errors from illegible handwriting, lost faxes/mail and keying and re-keying errors
• Using EDI can reduce the order-to-cash cycle time by more than 20%, improving business partner transactions and relationships

However, the increase in business efficiency is also a major factor:

• Automating paper-based tasks allows your staff to concentrate on higher-value tasks and provides them with the tools to be more productive
• Quick processing of accurate business documents leads to less re-working of orders, fewer stock outs and fewer cancelled orders
• Automating the exchange of data between applications across a supply chain can ensure that business-critical data is sent on time and can be tracked in real time. Sellers benefit from improved cash flow and reduced order-to-cash cycles
• Shortening the order processing and delivery times means that organizations can reduce their inventory levels

In many cases, the greatest EDI benefits come at the strategic business level:

• Enables real-time visibility into transaction status. This in turn enables faster decision-making and improved responsiveness to changing customer and market demands, and allows businesses to adopt a demand-driven business model rather than a supply-driven one
• Shortens the lead times for product enhancements and new product delivery
• Streamlines your ability to enter new territories and markets. EDI provides a common business language that facilitates business partner onboarding anywhere in the world
• Promotes corporate social responsibility and sustainability by replacing paper-based processes with electronic alternatives. This will both save you money and reduce your CO2 emissions.

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option 2 .Electronically data interchange is the answer

It comes on 2.Electronically data interchange

Electronically data interchange..............................................

EDI stands for Electronic Data Interchange.

Hello Team,

There are several EDI standards in use today, including ANSI, EDIFACT, TRADACOMS and ebXML. And, for each standard there are many different versions, e.g., ANSI 5010 or EDIFACT version D12, Release A. When two businesses decide to exchange EDI documents, they must agree on the specific EDI standard and version.Businesses typically use an EDI translator – either as in-house software or via an EDI service provider – to translate the EDI format so the data can be used by their internal applications and thus enable straight through processing of documents.EDI standards are generally independent of communication methods and can be transmitted using any number of methods, also called protocols. One common way is called Applicability Statement 2 or AS2 providing specific security measures for data transmitted over the Internet

Regards,

Saiyid

This is not Area of ​​my specialization, I hope to invite only specialists in this area

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