Udemy - An Introduction To EDI And Integration With Oracle EBS
English | Tutorial | Size: 2.02 GB
Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents(B2B) in a standard electronic format between business partners.
Normally, any business uses many types of commercial documents between two business entiry. For example document such as Purchase order, invoice etc. Once the system generates these document the normal process between two business entity is to exchange them manually over some communication channels such as post, courier, email etc. At both business end, the document sneed to entered & validated in the system before any kind of commercial processing. Be it order processing with goods or any commercial processing like payment. This take time and effort.
If a business has 100's & 1000's of business partner and if they are doing 100's or 1000s transaction regularly then one can image the amount of effort in time & cost. This is where EDI based transactions between business entity (called trading Partners) are beneficial.
By moving from a paper-based exchange of business document to one that is electronic, businesses enjoy major benefits such as reduced cost due to manual intervenstion, increased processing speed, better planning, reduced errors and improved relationships with business partners etc. It has grown exponentially over the years, and internet fuelled it growth further as there are standard evolved like X12, EDIFACT etc.
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