Nautical Term: EDI – Electronic data interchange
Definition of EDI – Electronic data interchange
EDI, or Electronic Data Interchange, refers to the electronic transmission of standard business documents between computer systems. For instance, consider a scenario where a retailer sends a purchase order to a supplier using EDI. The supplier then sends back an acknowledgement, followed by an invoice and a shipping advice, all in an EDI format. This streamlined process saves time, reduces errors, and enhances overall business efficiency.
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