EDI FULL FORM
Full Form of EDI : Electronic Data Interchange
What is the Full form of EDI?
No:1. The full form of EDI is the Electronic Data Interchange.
No:2. EDI is the computer to computer transfer of business documents among the business partners in a standard electronic format.
No:3. By switching from a paper-based transfer of business documents to an electronic one, companies realize significant advantages such as reduced expense, improved processing speed, decreased mistakes, and enhanced business partners relations.
No:4. Many business documents can be exchanged using EDI, but the two most popular are sales orders and invoices.
No:5. EDI removes the sorting and handling of mail which is synonymous with traditional business communication.
No:6. EDI’s main power is to standardize the information shared in business records, allowing for a paper-free exchange.
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History of EDI
No:1. EDI was influenced by advances in military logistics, as are many other early information technologies.
No:2. The difficulty of the Berlin airlift in 1948 includes the construction of approaches and practices for sharing vast amounts of data and details about transported products, often over a 300-baud teletype modem.
No:3. Such initial ideas later formed the US’s 1st TDCC (Transportation Data Coordinating Committee) standards.
No:4. Freight Control Systems was one of the first integrated systems that used EDI.
No:5. In 1971, one of those realtime systems was the LACES (London Airport Cargo EDP Scheme) at Heathrow Airport, London, UK.
No:6. Implementing the DTI (Direct Trader Input) process, it enabled forwarding agents to directly enter data into the customs processing system, reducing duration.
No:7. Increasing maritime traffic and customs-like issues similar to those faced at Heathrow Airport contributed in the 1980s to the introduction of DTI systems in single ports or ports groups.
Advantages of EDI
No:1. Instead of weeks or days, the information and data are exchanged in just secs.
No:2. It removes time-consuming tasks like printing, storing, filing, and paper delivery.
No:3. In EDI, human interference is that which decreases human errors like messy handwriting, mishandling of documents etc.
No:4. It helps businesses save money by eliminating the costs related to developing and supplying papers.
No:5. EDI helps to maintain client relationships by enabling companies to adapt more quickly to modifying customer needs.
No:6. Data is communicated in realtime, allowing for quicker and better decision-making.
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