EDI in eCommerce facilitates business document exchange such as purchase orders, invoices, and shipping notices between trading partners and customers in a standardized format. Define eCommerce E-commerce stands for electronic commerce. It makes buying and selling products or services easy by using the internet. It makes use of various digital technologies such as websites, mobile […]
Before we get started on how to optimize and improve supply chain efficiency, it is important to define and know what is supply chain management and its importance in the end-to-end delivery of final products to customers. What is supply chain management? Supply chain management is the process of managing and perfecting procurement, the flow […]
Introduction Before we get started to understand how EDI is used in the food and beverage industry? it’s important to understand how the supply chain in the food and beverage industry works? It involves the movement of raw materials, ingredients, and finished products from producers to manufacturers, distributors, and ultimately, to consumers. The supply chain […]
“EDI payment process involves the exchange of electronic documents and the automation of financial transactions, allowing businesses to streamline and automate their financial processes” Introduction to EDI Payments EDI payments refer to the use of EDI to facilitate the exchange of payment information between two parties. This can include information such as the amount of […]
Introduction to EDI in Finance In this new era of digitalization, the growth of international trade has created opportunities for trade between buyers and suppliers across the globe, resulting in the globalization of the financial supply chain. It involves many different processes to exchange information such as differences in currencies, accounting regulations, and other financial […]