The Merits of EDI and EDI Standards

There are two types of merits we find during the analysis of EDI. These are as Direct merits and Indirect merits.

Direct Merits:
Shortened ordering time, cost cutting, elimination of errors, fast response, accurate invoicing, EDI payments.

Indirect Merits:
Reduced stock holdings, cash flow, business opportunities, customer lock-in

EDI Standards:
Accredited Standards committee, the American national standards institute served as a guiding body. This is the accepted standard in North America and known as ASCX2. Electronic data interchange for Administrators, commerce and transport. It is United Nations standard used by European community and rest of the world. Read More