3. EDI is stands for “Electronic data
Interchange”.It is based on E-commerce through
which any file or document can be exchanged into
formate .this special formate is known as EDI
formate. Under EDI we transeform any business
related information or message from one computer
to other in a standard electronic formate.
4.
5. BASICS OR COMPONENT OF EDI
Basic or component of EDI:-there are three EDI
component used in E-commerce which perform EDI
process:-
1. TRADING PARTNER
2. TRANSACTION SOFTWARE
3. COMMUNICATION
11. Communication is made up of
software and hardware of document of
each trading partner. The network used
for this communication is known as
value added network.
12.
13. 1. The relation between customer related services(like cost
setting,selling report)and trading partner is managed by EDI.
2. Financial management like cash flow related data,cash payment
related data and capital related data are managed by EDI.
3. Inventory control is improved by EDI. Inventory related data,
created stocks and process of unit are managed on the basis of on
line base.
4. Through EDI,modification in cost set for management control
product,automatic tray business related data and control processing
company process and their cost are managed through management
control on the basis of on line base.
14. 1. Finance and Accounting:-
Representation of Reporting of text or
Document related process credit and debit card related
memo and invoice price are come under finance and
Accounting.
2. Insurance:-
Enrollment insurance premium related
transaction are presented under this.
3. Inventory management:-
With in this stock of product,unit and
inventory report,facility to transfer of product etc
concept are managed.
15. 4. Marketing:-
Representation of quality,and price related
concepts,purchasing,report,sales category and EDI
selling price are come under marketing.
5. Purchasing:-
purchaing order,purchasing return,cash
purchasing etc related concepts are handled under
purchasing.