EDI is the electronic exchange of structured business documents between companies. It allows information to be transferred electronically without being retyped or printed. EDI eliminates errors from manual data entry and speeds up business processes compared to paper-based systems. The key components of an EDI system include application services to integrate business applications, translation services to convert documents between internal and external formats, and communication services to transmit documents over networks. EDI systems standardize document formats and transmission protocols to allow secure information exchange between trading partners.
EDI is the electronic exchange of business documents between companies in a standardized format. It allows faster processing of transactions which improves response time, customer service and inventory management. EDI reduces errors, lost data and paperwork. Documents are sent electronically via value added networks according to X12 or EDIFACT standards. Companies must consider the technical, legal and implementation aspects of EDI when deciding which transactions to convert from paper to electronic exchange.
This presentation provides a high level introduction to the area of EDI before then giving a brief introduction to each area of the site. The website provides a wealth of resources and downloads including message standards, industry specific EDI standards, communication protocols and the many different ways in which EDI services can be deployed across the extended enterprise. www.edibasics.co.uk – Updated April 2013
EDI is the electronic exchange of business documents between companies using a standardized format. It allows companies to exchange purchase orders, invoices, and other business documents electronically without human intervention. The key benefits of EDI include time and cost savings, reduced errors, improved services, and the ability to link suppliers, manufacturers, and retailers globally. EDI involves four layers - the application layer which translates business documents, the standards layer which defines document structures, the transport layer which handles electronic transmission, and the physical network layer which establishes the communication paths between companies.
Electronic Data Interchange (EDI) is the computer-to-computer exchange of standard business documents like purchase orders and invoices between companies in a standardized electronic format. EDI originated in the 1960s with railroad companies and was later adopted by other industries like automobiles and banking. EDI uses value-added networks and EDI software to translate internal data formats to external standard formats and transmit documents between trading partners in near real-time. Benefits of EDI include faster processing speeds, improved accuracy from reducing manual data entry, and competitive advantages from quicker access to business documents.
The document provides information on EDI (Electronic Data Interchange) including its definition, history, standards, hardware/software requirements, benefits, applications and implementation in India. It discusses the role of the Ministry of Commerce and EDI Council in promoting EDI adoption. Key sectors implementing EDI include customs, DGFT, banks, airlines and ports to facilitate electronic processing and data exchange for international trade. Challenges around initial costs, maintenance and interoperability between different standards are also mentioned.
Electronic Data Interchange (EDI) allows businesses to exchange structured documents electronically in a standard format. It streamlines business transactions by automating document delivery and reducing errors. EDI improves speed, accuracy and security compared to paper-based systems. However, it also faces challenges from high costs that limit its adoption, as well as inconsistencies between the many standards that businesses may use.
Electronic data interchange (EDI) allows companies to electronically exchange standard business documents like purchase orders and invoices. EDI has existed for over 30 years and involves directly transmitting data between organizations or through an intermediary using communication networks or digital storage. EDI differs from email in that it transmits actual transaction data electronically rather than just messages.
Electronic Data Interchange (EDI) | E-CommerceHem Pokhrel
This document discusses Electronic Data Interchange (EDI) and how it works. It explains the layered architecture of EDI including the semantic, standards translation, packing, and physical network layers. It provides examples of how EDI streamlines business processes like ordering and payment between organizations by transferring data electronically instead of using paper. The document also outlines EDI standards like X12 and EDIFACT and provides examples of EDI applications in industries like international trade, finance, healthcare, and manufacturing. Overall benefits of EDI like reduced costs, errors and time delays are highlighted.
EDI is the electronic exchange of business documents between companies in a standardized format. It allows faster processing of transactions which improves response time, customer service and inventory management. EDI reduces errors, lost data and paperwork. Documents are sent electronically via value added networks according to X12 or EDIFACT standards. Companies must consider the technical, legal and implementation aspects of EDI when deciding which transactions to convert from paper to electronic exchange.
This presentation provides a high level introduction to the area of EDI before then giving a brief introduction to each area of the site. The website provides a wealth of resources and downloads including message standards, industry specific EDI standards, communication protocols and the many different ways in which EDI services can be deployed across the extended enterprise. www.edibasics.co.uk – Updated April 2013
EDI is the electronic exchange of business documents between companies using a standardized format. It allows companies to exchange purchase orders, invoices, and other business documents electronically without human intervention. The key benefits of EDI include time and cost savings, reduced errors, improved services, and the ability to link suppliers, manufacturers, and retailers globally. EDI involves four layers - the application layer which translates business documents, the standards layer which defines document structures, the transport layer which handles electronic transmission, and the physical network layer which establishes the communication paths between companies.
Electronic Data Interchange (EDI) is the computer-to-computer exchange of standard business documents like purchase orders and invoices between companies in a standardized electronic format. EDI originated in the 1960s with railroad companies and was later adopted by other industries like automobiles and banking. EDI uses value-added networks and EDI software to translate internal data formats to external standard formats and transmit documents between trading partners in near real-time. Benefits of EDI include faster processing speeds, improved accuracy from reducing manual data entry, and competitive advantages from quicker access to business documents.
The document provides information on EDI (Electronic Data Interchange) including its definition, history, standards, hardware/software requirements, benefits, applications and implementation in India. It discusses the role of the Ministry of Commerce and EDI Council in promoting EDI adoption. Key sectors implementing EDI include customs, DGFT, banks, airlines and ports to facilitate electronic processing and data exchange for international trade. Challenges around initial costs, maintenance and interoperability between different standards are also mentioned.
Electronic Data Interchange (EDI) allows businesses to exchange structured documents electronically in a standard format. It streamlines business transactions by automating document delivery and reducing errors. EDI improves speed, accuracy and security compared to paper-based systems. However, it also faces challenges from high costs that limit its adoption, as well as inconsistencies between the many standards that businesses may use.
Electronic data interchange (EDI) allows companies to electronically exchange standard business documents like purchase orders and invoices. EDI has existed for over 30 years and involves directly transmitting data between organizations or through an intermediary using communication networks or digital storage. EDI differs from email in that it transmits actual transaction data electronically rather than just messages.
Electronic Data Interchange (EDI) | E-CommerceHem Pokhrel
This document discusses Electronic Data Interchange (EDI) and how it works. It explains the layered architecture of EDI including the semantic, standards translation, packing, and physical network layers. It provides examples of how EDI streamlines business processes like ordering and payment between organizations by transferring data electronically instead of using paper. The document also outlines EDI standards like X12 and EDIFACT and provides examples of EDI applications in industries like international trade, finance, healthcare, and manufacturing. Overall benefits of EDI like reduced costs, errors and time delays are highlighted.
This document provides an overview of electronic data interchange (EDI). It defines EDI as the computer-to-computer exchange of structured information between businesses without human involvement. The document outlines the key features of EDI, including the exchange of standardized business documents, improved business processes, and increased accuracy. It then describes how EDI works by exchanging data between trading partners in a standardized format and translating the data between the sending and receiving applications. Finally, the document lists the benefits of EDI such as increased speed, reduced errors, and improved trading partner relationships.
This project is related to EDI (Electronic Data Interchange) given all the information related to EDI like their meaning, features, Benefits, Types, Working of EDI, EDI Business Cycle, Components n etc.
EDI is the electronic transmission of business documents like purchase orders and invoices between companies in a standard format. It streamlines information flow, reducing paperwork and costs. EDI uses layers including physical infrastructure, standards translation, and transport. It is widely used in international trade to facilitate customs clearance, in healthcare for insurance claims processing, and in manufacturing/retail for just-in-time and quick response procurement. Larger companies directly use EDI while smaller companies employ third-party services.
This document provides an overview of electronic data interchange (EDI). It discusses how EDI allows for the computer-to-computer exchange of standard business documents like purchase orders and invoices. It outlines the benefits of EDI, such as reduced costs, errors and time delays compared to paper-based systems. It also describes how EDI uses standards like ANSI X.12 and EDIFACT to facilitate information exchanges and how software is used to implement EDI between businesses.
This document provides an overview of electronic data interchange (EDI). It defines EDI as the computer-to-computer exchange of standard business documents between companies. The history of EDI is traced back to the 1960s when railroad companies first developed the concept. While initially adopted by industries like transportation and retail, EDI is now used across many sectors. The document outlines how EDI works through the transmission of documents between applications using translation software. It also discusses international considerations for EDI like communication standards and connectivity challenges in some countries.
This document discusses electronic data interchange (EDI). It defines EDI as computer-to-computer communication using standard data formats to exchange business information between companies. It describes who uses EDI, including large corporations and their suppliers. It also outlines the types of EDI activities commonly used, such as purchase orders and invoices. The document discusses EDI implementation, including the need for standard data formats, communication connectivity, and assessing whether EDI makes sense for a particular company.
This document discusses electronic payment systems. It begins with an introduction that defines electronic payment systems as payments made through an electronic medium without cash or checks. It then outlines the objectives and growth of electronic payments. The rest of the document outlines the advantages and disadvantages of electronic payments, the payment process, types of electronic payments including credit cards and e-wallets, a comparison of payment systems, the landscape of e-payments in India, and the future scope of electronic payments. It concludes by discussing how technology has made financial transactions more convenient through electronic payments.
The document provides an overview of electronic data interchange (EDI). It discusses the evolution of EDI from the late 1970s for transmitting data between organizations. It describes what EDI is, common EDI transaction types like purchase orders and invoices, and EDI standards like ASC X12 and EDIFACT. The document also outlines different types of EDI implementation methods and gives examples of large companies that use EDI like Walmart. In under 3 sentences.
Consumer Oriented E commerce ApplicationMahesh Shetty
This document outlines categories of a consumer-oriented e-commerce application including personal finance and home banking management, home shopping, home entertainment, and micro transactions of information. Personal finance and home banking management includes basic, intermediate, and advanced banking services. Home shopping can be done through television, catalogs, or the internet. Home entertainment is provided through audio/video equipment and the internet. Microtransactions involve purchasing virtual goods through small payments.
This document discusses Electronic Data Interchange (EDI), including what it is, its benefits, and some terminology. EDI allows for the electronic exchange of standard business documents between companies in a computer-to-computer format. It provides benefits like reduced costs, increased speed, and fewer errors compared to traditional paper-based processes. However, EDI systems can be expensive to set up and maintain. The document also provides examples of common EDI documents and defines some key terms.
The document discusses electronic data interchange (EDI) and the internet. It defines EDI as the electronic exchange of business documents between organizations in a standardized format. Common documents exchanged via EDI include invoices, purchase orders, and shipping notices. The document also outlines several benefits of EDI for industries like retail, manufacturing, and automobiles. It provides a brief history of the internet and defines key terms like protocols and the world wide web. EDI is useful for regular exchanges between business partners in industries like supply chain management.
EDI involves the electronic exchange of business documents like purchase orders and invoices between supply chain partners over networks like the internet. Standard message formats are used to automatically exchange documents between computer systems using EDI software. While the idea of EDI originated in the 1960s with railroads in the US, it grew in the 1970s with the development of national EDI standards to reduce costs and increase efficiency compared to paper-based document exchange. EDI allows organizations to streamline processes and improve trading relationships.
Electronic Data Interchange (EDI) was a standard for exchanging business documents electronically between companies. While EDI is still used, it is being replaced by XML. EDI aimed to make document formats uniform and exchanges easier by taking care of mismatches between documents. It allowed the electronic exchange of documents like purchase orders and invoices, bringing benefits like speed, accuracy, and reduced paperwork compared to traditional methods. EDI started in the 1960s and was mainly used by large organizations but is now being supplemented by internet transactions.
The document discusses electronic data interchange (EDI) and some of its key aspects. It provides examples of how EDI streamlines business transactions between buyers, sellers, and transport companies by replacing paper documents with electronic transactions. It also outlines some of the main users of EDI, including large corporations and industries like automakers, banking, healthcare, and government. Finally, it discusses some of the legal and privacy issues that arise with EDI, such as when an EDI transaction becomes legally binding and how to properly authenticate electronic documents.
Workflow automation is a technology that automates tasks, resources, and operations involved in business processes or workflows. It links together elements like events, tasks, and resources to increase speed, visibility, and coordination of work. Advantages include linking priorities and timelines across an organization, making tasks and calendars visible to all users to efficiently share workloads, and providing managers visibility into process status and opportunities for improvement. Workflow automation software provides a graphical interface to define, control, track, and audit approvals, routing, assignments, and notifications to ensure the right people get the right information at the right time.
E-commerce refers to the buying and selling of goods and services over electronic systems like the Internet. It allows consumers to browse catalogs, place items in a shopping cart, pay for purchases, and receive order receipts online. There are several types of e-commerce including business-to-business (B2B), business-to-consumer (B2C), business-to-government (B2G), consumer-to-consumer (C2C), and mobile commerce (M-commerce). E-commerce provides advantages such as faster transactions, global reach, and lower costs, but also disadvantages like the inability to examine products personally and security risks.
This document discusses various consumer-oriented applications of personal finance management and home banking. It outlines basic services like ATMs, intermediate services, and advanced services. Basic services discussed ATMs and their cost savings. Advanced services discussed home shopping through television, catalogs both physical and online, and microtransactions for small information services. The key is giving customers control over their banking and purchasing.
This document discusses electronic data interchange (EDI), which allows companies to exchange structured data electronically. EDI defines standards for precise data formats and transactions to facilitate the automated exchange of documents like purchase orders and invoices between organizations. It outlines how EDI works, the structure of EDI transactions and data segments, benefits like reduced costs and errors from re-keying data, and considerations around EDI standards and subscription options for companies.
The document discusses e-commerce and various types of online businesses. It defines e-commerce as the buying and selling of products and services electronically. It describes business-to-business, business-to-consumer, and intra-organizational e-commerce. It also discusses several types of online businesses like retail, banking, travel, career services, real estate, and insurance and how they have benefited from e-commerce.
The document discusses electronic payment systems, their objectives, examples, types, and security services. It describes methods like e-cash, smart cards, and credit/debit cards. E-cash uses cryptographic algorithms to prevent double spending while preserving anonymity. Smart cards can process data and payments. Credit cards require repayment of spent amounts. Payment gateways protect credit card details and ensure secure transactions between customers, merchants and processors. The conclusion states that electronic payment systems have expanded markets and made payments more convenient.
Electronic Data Interchange (EDI) is the to-computer exchange of business documents in
a standard electronic format between business
partners. X12 protocol and structure of X12 protocol
This document provides an overview of electronic data interchange (EDI). It defines EDI as the computer-to-computer exchange of structured information between businesses without human involvement. The document outlines the key features of EDI, including the exchange of standardized business documents, improved business processes, and increased accuracy. It then describes how EDI works by exchanging data between trading partners in a standardized format and translating the data between the sending and receiving applications. Finally, the document lists the benefits of EDI such as increased speed, reduced errors, and improved trading partner relationships.
This project is related to EDI (Electronic Data Interchange) given all the information related to EDI like their meaning, features, Benefits, Types, Working of EDI, EDI Business Cycle, Components n etc.
EDI is the electronic transmission of business documents like purchase orders and invoices between companies in a standard format. It streamlines information flow, reducing paperwork and costs. EDI uses layers including physical infrastructure, standards translation, and transport. It is widely used in international trade to facilitate customs clearance, in healthcare for insurance claims processing, and in manufacturing/retail for just-in-time and quick response procurement. Larger companies directly use EDI while smaller companies employ third-party services.
This document provides an overview of electronic data interchange (EDI). It discusses how EDI allows for the computer-to-computer exchange of standard business documents like purchase orders and invoices. It outlines the benefits of EDI, such as reduced costs, errors and time delays compared to paper-based systems. It also describes how EDI uses standards like ANSI X.12 and EDIFACT to facilitate information exchanges and how software is used to implement EDI between businesses.
This document provides an overview of electronic data interchange (EDI). It defines EDI as the computer-to-computer exchange of standard business documents between companies. The history of EDI is traced back to the 1960s when railroad companies first developed the concept. While initially adopted by industries like transportation and retail, EDI is now used across many sectors. The document outlines how EDI works through the transmission of documents between applications using translation software. It also discusses international considerations for EDI like communication standards and connectivity challenges in some countries.
This document discusses electronic data interchange (EDI). It defines EDI as computer-to-computer communication using standard data formats to exchange business information between companies. It describes who uses EDI, including large corporations and their suppliers. It also outlines the types of EDI activities commonly used, such as purchase orders and invoices. The document discusses EDI implementation, including the need for standard data formats, communication connectivity, and assessing whether EDI makes sense for a particular company.
This document discusses electronic payment systems. It begins with an introduction that defines electronic payment systems as payments made through an electronic medium without cash or checks. It then outlines the objectives and growth of electronic payments. The rest of the document outlines the advantages and disadvantages of electronic payments, the payment process, types of electronic payments including credit cards and e-wallets, a comparison of payment systems, the landscape of e-payments in India, and the future scope of electronic payments. It concludes by discussing how technology has made financial transactions more convenient through electronic payments.
The document provides an overview of electronic data interchange (EDI). It discusses the evolution of EDI from the late 1970s for transmitting data between organizations. It describes what EDI is, common EDI transaction types like purchase orders and invoices, and EDI standards like ASC X12 and EDIFACT. The document also outlines different types of EDI implementation methods and gives examples of large companies that use EDI like Walmart. In under 3 sentences.
Consumer Oriented E commerce ApplicationMahesh Shetty
This document outlines categories of a consumer-oriented e-commerce application including personal finance and home banking management, home shopping, home entertainment, and micro transactions of information. Personal finance and home banking management includes basic, intermediate, and advanced banking services. Home shopping can be done through television, catalogs, or the internet. Home entertainment is provided through audio/video equipment and the internet. Microtransactions involve purchasing virtual goods through small payments.
This document discusses Electronic Data Interchange (EDI), including what it is, its benefits, and some terminology. EDI allows for the electronic exchange of standard business documents between companies in a computer-to-computer format. It provides benefits like reduced costs, increased speed, and fewer errors compared to traditional paper-based processes. However, EDI systems can be expensive to set up and maintain. The document also provides examples of common EDI documents and defines some key terms.
The document discusses electronic data interchange (EDI) and the internet. It defines EDI as the electronic exchange of business documents between organizations in a standardized format. Common documents exchanged via EDI include invoices, purchase orders, and shipping notices. The document also outlines several benefits of EDI for industries like retail, manufacturing, and automobiles. It provides a brief history of the internet and defines key terms like protocols and the world wide web. EDI is useful for regular exchanges between business partners in industries like supply chain management.
EDI involves the electronic exchange of business documents like purchase orders and invoices between supply chain partners over networks like the internet. Standard message formats are used to automatically exchange documents between computer systems using EDI software. While the idea of EDI originated in the 1960s with railroads in the US, it grew in the 1970s with the development of national EDI standards to reduce costs and increase efficiency compared to paper-based document exchange. EDI allows organizations to streamline processes and improve trading relationships.
Electronic Data Interchange (EDI) was a standard for exchanging business documents electronically between companies. While EDI is still used, it is being replaced by XML. EDI aimed to make document formats uniform and exchanges easier by taking care of mismatches between documents. It allowed the electronic exchange of documents like purchase orders and invoices, bringing benefits like speed, accuracy, and reduced paperwork compared to traditional methods. EDI started in the 1960s and was mainly used by large organizations but is now being supplemented by internet transactions.
The document discusses electronic data interchange (EDI) and some of its key aspects. It provides examples of how EDI streamlines business transactions between buyers, sellers, and transport companies by replacing paper documents with electronic transactions. It also outlines some of the main users of EDI, including large corporations and industries like automakers, banking, healthcare, and government. Finally, it discusses some of the legal and privacy issues that arise with EDI, such as when an EDI transaction becomes legally binding and how to properly authenticate electronic documents.
Workflow automation is a technology that automates tasks, resources, and operations involved in business processes or workflows. It links together elements like events, tasks, and resources to increase speed, visibility, and coordination of work. Advantages include linking priorities and timelines across an organization, making tasks and calendars visible to all users to efficiently share workloads, and providing managers visibility into process status and opportunities for improvement. Workflow automation software provides a graphical interface to define, control, track, and audit approvals, routing, assignments, and notifications to ensure the right people get the right information at the right time.
E-commerce refers to the buying and selling of goods and services over electronic systems like the Internet. It allows consumers to browse catalogs, place items in a shopping cart, pay for purchases, and receive order receipts online. There are several types of e-commerce including business-to-business (B2B), business-to-consumer (B2C), business-to-government (B2G), consumer-to-consumer (C2C), and mobile commerce (M-commerce). E-commerce provides advantages such as faster transactions, global reach, and lower costs, but also disadvantages like the inability to examine products personally and security risks.
This document discusses various consumer-oriented applications of personal finance management and home banking. It outlines basic services like ATMs, intermediate services, and advanced services. Basic services discussed ATMs and their cost savings. Advanced services discussed home shopping through television, catalogs both physical and online, and microtransactions for small information services. The key is giving customers control over their banking and purchasing.
This document discusses electronic data interchange (EDI), which allows companies to exchange structured data electronically. EDI defines standards for precise data formats and transactions to facilitate the automated exchange of documents like purchase orders and invoices between organizations. It outlines how EDI works, the structure of EDI transactions and data segments, benefits like reduced costs and errors from re-keying data, and considerations around EDI standards and subscription options for companies.
The document discusses e-commerce and various types of online businesses. It defines e-commerce as the buying and selling of products and services electronically. It describes business-to-business, business-to-consumer, and intra-organizational e-commerce. It also discusses several types of online businesses like retail, banking, travel, career services, real estate, and insurance and how they have benefited from e-commerce.
The document discusses electronic payment systems, their objectives, examples, types, and security services. It describes methods like e-cash, smart cards, and credit/debit cards. E-cash uses cryptographic algorithms to prevent double spending while preserving anonymity. Smart cards can process data and payments. Credit cards require repayment of spent amounts. Payment gateways protect credit card details and ensure secure transactions between customers, merchants and processors. The conclusion states that electronic payment systems have expanded markets and made payments more convenient.
Electronic Data Interchange (EDI) is the to-computer exchange of business documents in
a standard electronic format between business
partners. X12 protocol and structure of X12 protocol
The document provides an overview of electronic data interchange (EDI). It discusses how EDI allows computer-to-computer exchange of standard business documents like purchase orders and invoices to automate business processes. The document also outlines some of the key components of EDI, including hardware, software, standards, and communications networks. It notes that EDI provides benefits like reduced costs, increased accuracy, and improved customer satisfaction when combined with business process changes.
This document discusses electronic cash (e-cash), which aims to create a digital payment system that mimics features of physical cash like anonymity and untraceability of payments. It defines e-cash and outlines its key properties such as having monetary value, being interoperable, storable/retrievable, and secure. The document also covers e-cash classification systems, underlying cryptographic techniques, potential regulatory challenges, and arguments for allowing non-government backed units of value for monetary freedom.
6. process selection and facility layoutSudipta Saha
The document discusses process selection and facility layout. It describes different types of processes - job shop, batch, repetitive, continuous flow, and project - and factors like volume, variety, and flexibility that determine which type is suitable. It also covers automation levels from fixed to programmable to flexible. Facility layout depends on the process and aims to optimize efficiency, flow, and safety. Product and process layouts are introduced.
I take no credit with the templates and the designs used. They were originally from a "Duarte" presentation. Just copied it since I don't have much time. Hope to part some knowledge. Ciao~
Thanks "Duarte"!
The series of presentations contains the information about "Management Information System" subject of SEIT for University of Pune.
Subject Teacher: Tushar B Kute (Sandip Institute of Technology and Research Centre, Nashik)
http://www.tusharkute.com
E-money refers to stored-value or prepaid payment instruments that allow users to conduct financial transactions in electronic form. There are several types of e-money including centralized systems run by companies like PayPal, decentralized systems like Bitcoin that use blockchain technology, mobile e-wallets, and offline anonymous e-cash. While e-money provides benefits like convenience, security, and lower costs compared to physical currency, it also presents risks like fraud that need to be addressed through technology and regulation. Overall e-money is poised to greatly expand digital financial inclusion if these challenges can be overcome.
The document discusses electronic fund transfers (EFT) and various related topics. It defines EFT as the exchange of money from one account to another through computer. It describes different modes of EFT in India including NEFT, RTGS, and IMPS. NEFT allows customers to electronically transfer funds between bank accounts. RTGS facilitates real-time funds transfers between banks. IMPS enables instant mobile payments. The document also discusses the advantages of EFT like increased efficiency and the risks associated with security issues.
This document discusses various electronic payment methods. It begins by defining e-payments and noting they can take many forms beyond just online transactions. It then covers traditional methods like cash, checks and credit/debit cards. Different payment options are selected based on factors like convenience, traceability, and fraud protection. Credit cards are explained in detail, outlining their business model. Requirements for e-payment methods include enabling payments while preventing fraud and ensuring privacy and scalability. Pros and cons of e-payments are provided. Various specific e-payment options are then outlined, including digital currency, e-wallets, peer-to-peer payments, smart cards, and micro-payments. Credit card fraud and ways to limit it are
This document discusses various electronic payment methods including credit cards, debit cards, stored-value cards, digital currency, e-wallets, and peer-to-peer transfers. It notes that credit cards remain very popular for business-to-consumer transactions due to their convenience of paying later. While electronic payments can increase efficiency and lower transaction costs, challenges include a lack of tax records and increased risks of money laundering and forgery compared to cash payments.
This document discusses electronic payment systems (EPS). It begins by defining EPS as systems that enable online payments using integrated hardware and software. It then outlines the main types of electronic payments, including payment cards, electronic funds transfer, electronic cash systems, electronic wallets, electronic checks, and micro payment systems. Recent trends in EPS that are discussed include growing smartphone adoption and hybrid online/mobile payments. The document also covers some secure EPS infrastructure technologies like authentication, public key cryptography, digital signatures, and SSL. It concludes by providing tips for selecting the best EPS based on security, reliability, and ease of use.
The document discusses various forms of e-payment systems:
1. Online credit card transactions allow customers to make purchases online using credit cards through a secure connection. Risks include potential disputes and fees for merchants.
2. Digital cash systems allow users to make small online payments by converting funds into digital "coins" through an intermediary like a bank. Coins are spent online and merchants redeem them for funds.
3. Online stored value systems allow users to pre-load funds from a credit card onto an online account, like Ecount, to make purchases from participating merchants through a secure connection.
This document discusses various electronic payment systems for e-commerce. It begins by defining e-payment as any digital financial transaction involving currency transfer between parties. It then outlines several modes of e-payment including payment cards, electronic cash, check free, check share, electronic wallets, and smart cards. For each method, it provides a brief introduction and overview of advantages and disadvantages. The document primarily focuses on explaining how payment cards, electronic cash, check free, electronic wallets, and smart cards work as options for electronic payments.
Electronic payment systems allow customers to make online payments for purchases. There are various types of electronic payment methods, including e-wallets, e-cash, smart cards, and credit cards. E-cash works like real currency with unique serial numbers, while e-wallets store payment information like credit cards. Smart cards can be used for applications such as travel tickets and medical records. Credit cards involve repaying spent amounts later. Payment gateways protect sensitive credit card details during transactions between customers, merchants and payment processors. Electronic payment is growing in India due to technology changes, internet access, and encouragement by the Reserve Bank of India.
Electronic Data Interchange (EDI) allows for the electronic exchange of structured data between computer systems of organizations. It reduces errors from manual data entry and improves efficiency by automating business transactions. EDI involves translating data into a common format, transmitting it securely over a network, and translating it back at the recipient system. It provides benefits like faster processing, reduced costs, and improved business cycle times compared to traditional paper-based systems.
This document provides an overview of electronic data interchange (EDI). It discusses how EDI allows for the computer-to-computer exchange of standard business documents between partners to reduce costs, increase speed and reduce errors. Key points covered include how EDI works through 5 steps, the benefits of EDI for both suppliers and buyers, different types of EDI, applications of EDI, and security and privacy issues related to EDI.
Electronic Data Interchange (EDI) allows structured data to be exchanged electronically between organizations without paper. It converts documents into a standard format and transmits them electronically over a network. EDI provides benefits like reduced data entry, eliminating paper-based systems, and improved business cycles. Key components of EDI include application services, translation services, and communication services. EDI software translates data into standard formats and application link software links business applications to EDI data.
Edi idoc interface-ale-bapi-badi-user exitsShahid Latif
Electronic data interchange (EDI) involves the electronic exchange of business documents between organizations using a standardized format. It allows for direct computer-to-computer transmission of documents like orders and invoices to streamline business transactions by reducing costs and improving efficiency compared to traditional paper-based processes. EDI requires infrastructure like standardized formatting, translation software, value-added networks for transmission, and inexpensive computers to facilitate exchanges between organizations of different sizes.
EDI is the electronic transfer of standardized business documents between computer systems without human intervention. It allows companies to exchange purchase orders, invoices, shipping notices, and other documents electronically. The key benefits of EDI are more efficient transmission of information, automated data entry, receipt verification, data validation, lower costs, faster processing, and strengthened business relationships. However, initial setup and maintenance of EDI systems can be expensive and time-consuming.
The document defines key terms related to electronic data interchange (EDI) such as electronic commerce, trading partners, mapping, and value added networks. It discusses the strategic benefits of EDI, including reduced costs through just-in-time inventory management. The technical aspects of EDI are explained, including the use of value added networks to transmit standardized EDI messages between organizations according to formats like UN/EDIFACT and ANSI X12.
This document discusses traditional electronic data interchange (EDI) versus web-based EDI.
Traditional EDI involved the computer-to-computer transfer of predefined business documents like purchase orders and invoices using value-added networks or direct modem connections. Web-based EDI allows the electronic exchange of these documents over the internet.
The document outlines the key steps and advantages of each system. Traditional EDI provided greater security but web-based EDI streamlined processes further by automating document exchange between trading partners within minutes. However, security is a larger concern with web-based EDI due to risks of hackers corrupting data online. Overall, web-based EDI can further improve processing times but traditional
This document discusses Electronic Data Interchange (EDI), including what it is, how it works, its components, advantages over paper-based systems, and cost benefits. EDI involves the electronic transfer of structured business documents between organizations using a standard format. It eliminates paper-based processes by providing an electronic link between trading partners. Key advantages of EDI include reduced data entry and improved business cycle times, as well as lower costs from things like fewer errors and expedited transactions. EDI systems typically involve three main components: business applications, translation services, and communication services to transfer data between partners.
En ebook-where-does-edi-stand-today-and-where-do-we-stand-with-itNiranjanaDhumal
This eBook explores every nook and cranny of EDI, where it stands today, and where do we stand with it. It scrutinizes the core competencies of how EDI works across various ecosystems and trading channels, what standards it follows, and implementation options.
Electronic data interchange (EDI) allows businesses to electronically transmit standard business documents like orders and invoices between computer systems without human intervention. EDI began in the 1970s when the transportation industry formed a committee to develop standards. There are three main types of EDI systems: batch, event-driven, and interactive. EDI provides benefits like reduced costs and improved customer service but also faces challenges like inflexibility and high implementation costs.
The document describes the conventional purchasing process and how it has been improved through electronic data interchange (EDI). Specifically:
- The conventional process involved manual paperwork that was prone to errors as orders and invoices were faxed or mailed between buyers and sellers.
- EDI allows businesses to exchange standard electronic documents like purchase orders and invoices in a structured, machine-readable format without human intervention.
- The key components of an EDI system include applications that can convert internal data formats, common standard formats like EDIFACT or ANSI X12, and technologies for electronic data transport over networks or the internet.
EDI is the electronic exchange of standard business documents between companies in a computer-to-computer format. It allows for paperless trading of information like orders and invoices. The key benefits of EDI include time savings, improved accuracy, and better reconciliation of transactions. An EDI system converts documents to a standard format, electronically sends the files between trading partners, and generates acknowledgements of receipt. While EDI reduces errors and costs, it also requires cooperation between trading partners to agree on standards and involves upfront implementation costs that can be challenging for smaller companies. More business transactions may eventually migrate to using the internet and web-based EDI systems.
This document presents an overview of electronic data interchange (EDI) and discusses various aspects of planning and implementing an EDI system. It covers the conceptual framework and history of EDI, standards, advantages, applications, limitations, and the life cycle for planning an EDI system including analysis of the information systems environment, determining opportunities, and developing an implementation plan while considering costs, benefits, risks and technical infrastructure requirements. The objectives are to study technological and security aspects of EDI and propose best practices for system planning and data security.
Electronic Data Interchange (EDI) involves the computer-to-computer exchange of standard electronic documents between business partners. EDI replaces postal mail, fax, and email by allowing documents like purchase orders and invoices to flow directly to the appropriate application on the receiver's computer without human intervention. Key aspects of EDI include the use of standard formats so computers can process documents, the role of value added networks and trading partners in exchanging documents electronically, and the benefits of EDI like lower costs, fewer errors, and faster processing.
An inter-organization management system allows the automated flow of information between organizations to improve supply chain management. This helps optimize communication within and between organizations to increase productivity. For example, retail stores can automatically communicate with suppliers to restock popular t-shirt items. Electronic data interchange (EDI) is a standard for transferring business documents like purchase orders and invoices between computer systems electronically. EDI implementation requires standardizing formats and ensuring communication protocols align between trading partners.
Electronic data interchange (EDI) allows businesses to exchange standard business documents like purchase orders and invoices electronically. It eliminates the need to convert electronic data to hard copy and back, saving on costs. EDI transactions involve computers at different companies sending and receiving standard documents through value added networks or direct transmission. While EDI streamlines processes, it also raises legal issues regarding electronic records and signatures that various laws in India have addressed.
The document discusses electronic data interchange (EDI) and some of its key aspects. It provides examples of how EDI streamlines business transactions between buyers, sellers, and transport companies by replacing paper documents with electronic transactions. It also outlines some of the main components of an EDI system, including standards, software, communication methods, and benefits like reduced costs, improved accuracy and customer service. Finally, it discusses some legal and privacy issues that can arise with EDI and how digital signatures can help address concerns regarding things like authentication and non-repudiation of electronic documents.
EDI (Electronic Data Interchange) allows companies to exchange structured business data electronically between computer systems. It facilitates quick and easy transmission of common business documents like purchase orders, invoices, shipping notices between trading partners, typically a supplier and customer. EDI uses standardized formats to convert documents so they can be exchanged and processed electronically without manual re-entry of data. The two main EDI standards are EDIFACT, the international generic standard developed by the UN, and ANSI ASC X12, the US national standard.
The document describes the framework of e-commerce, including its core components and infrastructure layers. The e-commerce core consists of business applications, services enabling infrastructure, and content development, deployment and distribution infrastructure. This infrastructure layer includes hardware, storage, and networks that enable e-commerce transactions. The services layer includes activities like payments, authentication, and standards development. Finally, the business applications layer represents actual business transactions like online shopping, banking, auctions and more. Electronic data interchange (EDI) allows standardized electronic exchange of business documents between organizations.
1. CONTENTS
1. INTRODUCTION
2.WHAT IS EDI?
3.WHY USE EDI?
4.ADVANTAGES OF EDI OVER A PAPER-BASED
DOCUMENT TRANSFER SYSTEM
5. HOW EDI WORKS?
6.EDI COMPONENTS
7.FILE TYPES.
8.EDI SERVICES.
9.CONCLUSION.
2. INTRODUCTION
Everybody uses business connections of one sort or another to
get orders, send bills, make collections, determine and pay what it
owes, move goods, and control its money. The business connections
used historically to perform these operations have been the postal
service and the telephone. A relatively new link is electronic data
communications facilities.
Your links to business connections are limited to the mail and
the telephone. Both are slow. Both terminate with that wall of people
who feed the computer and who may make errors.
What your company needs is a better link to business
connections and that is what electronic data interchange is all about.
To appreciate what electronic data interchange (EDI) means, think
about all those orders, invoices, freight bills, shipment instructions,
tracing requests, payment instructions, government reports, and the
like that your company sends out or receives every day. Think about
each as a single transaction.
WHAT IS EDI?
Traditionally, the transfer of data from one company to another
has been by paper documents. This is known as a paper-based system.
These documents have to be manually forwarded and entered to the
destination computer.
EDI is the electronic exchange of structured business
information, in standard formats, between computers, EDI eliminates
the need for a paper-based system by providing an electronic link
between companies. This reduces data entry tasks and improves
business cycle times.
3. EDI is the electronic transfer of structured business documents
in an organization--internally among groups of departments or
externally with its suppliers, customers and subsidiaries.
In EDI information is passed electronically from one computer
to another over a network without having to be read, retyped or
printed. The information transferred must have a defined structure
agreed between your company, and the company or group you send
and receive data from.
Any company or group which uses EDI is called a TRADING
PARTNER. Examples of current uses of EDI includes automatic teller
machines (ATMs) in banks where EDI is used for transferring and
withdrawing funds between different bank accounts, airline
reservation systems, stock exchange transactions and car reservation
systems.
USE OF EDI:
The data from one computer is normally not in a form suitable
to be entered directly into another computer. The data may have to be
arranged differently before it can be entered into another computer or
some items of data may not be needed at all. With EDI, all the data is
converted unto an agreed standard format before it is sent over the
network. The computer that receives the data can then extract the
information it requires.
Using EDI implies three things:
1. Information is transferred electronically rather than on
paper. This means that there is no need to enter the data
manually in the destination computer.
2. Information is transferred between trading partners who
have negotiated trading agreements and have formalized
their data transfer system.
3. Information that is transferred complies with agreed
standards for the format of the content and the transmission
control mechanisms.
4. ADVANTAGES OF EDI OVER A PAPER-BASED DOCUMENT
TRANSFER SYSTEM
This section highlights the advantages EDI has over a
traditional paper-based document transfer system.
In a Paper-based System:
A software application generates a paper document on a form.
Copies of the document are made. Some are passed to
internal departments to be filled, other copies are sent
to the trading partner via the postal service.
The trading partner receives the document and retypes
the information on the form into their computer. This
retyping often introduces errors.
The trading partner generates a paper
acknowledgement and this is sent to the originating
company.
The transfer of documents in a paper-based system could take a considerable length
of time.
In an EDI System:
The application program generates a file, which
contains the processed document.
The document is converted to an agreed standard
format.
The file containing the document is sent electronically
over the network. This network links the originating
company and its trading partner.
5. The file containing the document arrives at the trading
partner. It is translated into the correct format and
transferred to the recipient's application.
A receipt is automatically generated and sent over the
network to the originating company.
EDI transmits documents to the trading partner's application in a very
short period of time and with no human intervention.
HOW EDI WORKS?
Regardless of the format chosen, companies using EDI
communicate with their trading partners in one of two ways: Either
they exchange data with several trading partners directly or they
interact with multiple companies through a central information
clearing-house. In the later case, all transactions are funneled through
a third party's computer system, which routes them to the appropriate
receiver's computer. This enables the sender to communicate with an
unlimited number of trading partners without worrying about
proprietary systems, audit trails, variable transmission speeds, and
general computer compatibility.
Basically, here is how EDI works:
1. Prior to any computer work, representatives of two
companies interested in exchanging data electronically meet
to specify the applications in the EDI standard, which they
will implement.
2. Each company adds EDI programs to its computer to
translate company data in standard formats for transmission,
and for the reverse translation on the data it receives.
3. Then, as often as operationally requires the two companies
exchange data electronically in the standard formats.
The data transmitted originates from records in the sender's
database after the sender confirms that the receiver is an authorized
recipient for such data. The sender composes a transmission formatted
in the EDI standards, the receiver translates the formatted message to
a computer record to be processed and used internally. All
6. transmissions are checked both electronically and functionally and the
protocol includes procedures for error detection and correction.
INFORMATION FLOW IN EDI:
1. A Company collects data for its own operational or
statistical requirements. This data is edited and added to its
own database.
2. Pertinent information is extracted by the company from its
database, summarized if necessary, constructed into EDI
transaction sets, and transmitted to the company or
organization requiring it for valid reasons.
3. The frequency for preparing this information is determined
by the operational requirements of each recipient.
4. A communications link for transmission is established
according to the standard communications protocol.
5. The recipient of the information receives the transmission
and checks it for its physical characteristics (parity, check
character, transmission mode). Retransmission is requested
if an error is detected in the physical characteristics of the
transmission.
6. The receiver checks the functional characteristics of the
data. A message is transmitted to the original sender to
acknowledge the transmission and to identify any errors
detected.
7. The receiver processes the information received according to
its own internal procedures and timing requirements.
7. EDI COMPONENTS
A typical EDI system implements a specific set of EDI by
enabling the exchange of business documents. It accepts documents
from business software applications, converts the document to a
standard format and sends it to another software application or trading
partner.
EDI system converts generic EDI messages (in EDIFACT or
any other EDI standard) format to RDBMS format and from RDBMS
format to EDI format. There are EDI application programs for
software developers to configure EDI to work with the various user
application software programs. There is normally no end-user
interaction with EDI--it is entirely within the background of the EDI
system.
RDBMS database contains the data to be translated into EDI
format and where EDI data is to be converted (and written) to . EDI
treats the application database generically--it reads and writes to the
tables and fields specified according to the message mapping created
by the |EDI Administrator during EDI message configuration. These
are done by EDI Configuration programs under the purview of EDI .
There are three main components in an EDI system:
1. Application Service- Providers the means of
integrating existing or new applications into the EDI
system.
2. Translation Service-Converts data from internal
format standards to an external format and translates
data from an external format to an internal format
standard.
3. Communication Service-Passes documents into a
network via the agreed communication protocol.
8. Internal format Transmission Tranmission TRADING
files files files PARTNER
Documents Application Tranmission Communication
Business Service Service Services
Application
FILE TYPES
EDI creates the following files as a document passes through the system:
Internal Format File (IFF)
External Format File (EFF)
Transmission File
Each of these files is described in the following sections.
Internal Format File:
An internal format file (IFF) contains a single document for a
single trading partner. Internal format file is principally for EDI's own
use.
9. External Format File:
The external format file (EFF) contains the same data as the
internal format file translated into the appropriate standard document
format.
Transmission File:
A transmission file contains one or more documents for the
same trading partner. Documents of the same type are packaged
together in functional groups. The functional groups going to one
trading partner are packaged into an interchange set. An interchange
set contains one or more functional groups of documents with the
same sender and receiver.
TRADING PARTNER A
Document Type 1
1 Functional
Group
Interchange 1
Set
Document Type 2
10. 2 Functonal
2 Group
TRANSMISSION FILE
EDI SERVICES
The three EDI services all perform different tasks. The
following sections give an overview of what happens in each of three
services.
Application Service:
The Application Service provides the link between a business
application and EDI. It allows you to send document to, and receive
documents from, an EDI system.
A set of callable routines is used to transfer documents from the
business application into EDI. Documents destinations can be either
intra-company or to external companies, i.e., trading partners.
The EDI Application Service holds each incoming and outgoing
document as a single internal format file. EDI converts the document
to a standard format and sends it to the trading partner using the
relevant communication protocol. A number of different standards and
communication protocols are available.
The following list describe what happens in the Application Service:
For outgoing documents:
The business application uses the callable routines to send a
document from the business application to the Application
Service. The document is now in the EDI system and is
called internal format file.
11. The Application Service sends the document in the internal
format file to the Translation Service.
For incoming documents:
The Application Service receives an internal format file
from the Translation Service.
The Application Service makes the data in the internal
format file available in database so that the business
application can fetch the document from EDI. A callable
interface is used to do this.
APPLICATION SERVICE
File server
Internal
Formal File
Callable
Routines Internal
Format File
Translation Service:
Converts outgoing documents from an internal format file to
an agreed external format.
Translates incoming documents from an external format to
the EDI internal format file.
The external document standards that an EDI system supports
are EDIFACT, X12, TDCC, and ODETTE
12. The following lists describe what happens in the Translation
Service:
For outgoing documents:
The Translation Service receives a document in the internal
format file from the Application Service. It converts the
internal format file to the appropriate external standard
(either EDIFACT, X12, TDCC, or ODETTE). The file is
now an external format file.
The Translation Service combines one or more external
format files into a transmission file.
The Translation Service now sends the transmission file to
the Communication Service.
For incoming documents:
The Translation Service receives a document n the
transmission file from the Communication Service.
Separates the transmission file to produce external format
files.
It translates each external format file, which may be in an
external standard (either EDIFACT, X12, TDCC, or
ODETTE) to the internal format file. The file is now an
internal format file.
The translation Service now sends the internal format file to
the Application Service.
Communication Service:
The Communication Services sends and receives transmission
files to and from the trading partners either directly or by using a
third-party service called a Value Added Network (VAN).
The following lists describe what happens in the Communication Service:
For outgoing documents:
13. The Communication Service receives a transmission file
from the Translation Service. It checks the file to see which
trading partner it has to be sent to. When it has identified the
type of connection to be used for this trading partner it
determines which gateway to use.
The Communication Service sends the transmission file to
the trading partner.
For incoming documents:
The Communication Service receives a transmission file
from the trading partner. The file arrives through one of the
gateways that EDI supports.
The Communication Service sends the transmission file to
the Translation Service.
FILE SERVER
INTERNAL FORMAT
FILE
DOCUMENTS
BUSINESS CALLABLE
APPLICATIONS
DOCUMENTS ROUTINES
INTERNAL
FORMAT FILE
MANAGEMENT INTERFACE
14. APPLICATION SERVICE
Translation Service:
Converts outgoing documents from an internal format
file to an agreed external format.
Translates incoming documents from an external
format to the EDI internal format file.
MANAGEMENT INTERFACE
INTERNAL TRANSMISSION
FORMAT FILE FILE SERVER FILE
INTERNAL C TRANSMISSION
FORMAT FILE
TFB FILE
T TFS
15. C = CONVERTER.
T =TRANSLATOR.
TFB =TRANSMISSION FILE BUILDER.
TFS =TRANSMISSION FILE SPLITTER.
CONCLUSION:
By eliminating the paper based documents the EDI was
introduced. It is the new technology that overcomes the
traditional paper based documents. By using EDI we can
transmit the data at electron speed. So it is a time sparing
process and also low cost as compared with telephone
system.
Even though there are more advantages with EDI there
are some disadvantages also. To feed the data into
computer, work is compulsory. By comparing with
16. computer speed human speed is a bottleneck. And also
errors may occur at the time of data feeding. These errors
can change the managerial decisions.
Another problem if we want send more data urgently,
first we feed it into computer and then send it to the
destination. To feed more data requires more time. Even
though the telephone cost is very high as compared to EDI
process, we must use telephone facility in these cases. So
in these cased we can't use EDI system.