Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

What are EDI standards?

   1. Essential for B2B commerce   2.Electronically data interchange    3. Not required for B2B commerce   4. Still being evolved

user-image
Question ajoutée par Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG
Date de publication: 2016/03/26
Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

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.

Mohd Arifuddin
par Mohd Arifuddin , Lead Consultant , Binzagr CO

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.

Ahmed Mohamed Ayesh Sarkhi
par Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

wait more details from experts

 

vidya sagar burra
par vidya sagar burra , Assistant Manager SCM , Gati Kintetsu Express Private Limited

option 2 .Electronically data interchange is the answer

MUBARAK INAYTULLA KHAN
par MUBARAK INAYTULLA KHAN , Procurement Manager , UNIT7 CONTRACTING EST. RIYADH.

It comes on 2.Electronically data interchange

 

Mohammed  Ashraf
par Mohammed Ashraf , Director of International Business , Saqr Al-Khayala Group

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

Sathish Prabhu.V
par Sathish Prabhu.V , Manager - Operations & Process Improvement , Revolution Valves

EDI stands for Electronic Data Interchange.

Saiyid Maududi-Oracle Applications Consultant
par Saiyid Maududi-Oracle Applications Consultant , Entrerprise Architect , US Technomatrix, Inc

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

Electronically data interchang,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Electronically data interchange======================

More Questions Like This