Physics, asked by kushal2895, 1 year ago

What are the benefits of electronic data interchange in e-commerce?

Answers

Answered by sunil1439
1

Answer:

Electronic data interchange (EDI) is the most commonly used B2B e-commerce technology today. It is the computer-to-computer exchange of business documents, such as purchase orders and invoices, in a standard electronic format between business partners.

Explanation:

There are many benefits of EDI:

It’s fast – streamlined business processes mean that documents can be exchanged in minutes

It’s accurate – manual data entry errors are eliminated

It’s secure – you receive confirmation that your documents have arrived safely

It cuts costs – of printing, copying, filing, storage and postage, and of repetitive, labour intensive tasks, administration and disputes caused by data entry errors

It happens in real-time – informing and speeding up business decisions and response times

It’s great for business – you’re part of a connected trading community and can build more productive relationships with suppliers and customers alike

It’s great for cash flow – payment schedules are shorter and more reliable

It’s flexible – you can integrate your EDI system with your back office accounts, warehouse or ERP systems for more business efficiencies

It’s liberating! – you’re free to concentrate on high value tasks, like customer service, sales and marketing and product development.

For smaller businesses, EDI is all about speed and efficiency. Replacing, slow, labour-intensive, repetitive, paper-based processes with a fast, accurate electronic system speeds up payments and means that entrepreneurs can redeploy precious resources for more valuable, business-building activities.

Free from the administrative burden, agile firms can focus on what they do best, building long-term relationships with customers, developing new products and services and opening up new markets. EDI is a real game-changer.

Larger businesses with an EDI-enabled supply chain benefit from streamlined, consistent and integrated business processes. Real-time information about individual suppliers helps inform management decisions and builds strategic partnerships, encouraging buyers and suppliers to collaborate with each other.

Improved supplier management also contributes to the achievement of corporate social responsibility, sustainability and ethical trading goals, while the business efficiencies and economies of scale that EDI delivers also reduces carbon footprint and boosts environmental credentials.

Answered by shubhambagade53
0

Answer:

এজ

Explanation:

ছলছল দল জন এর তল থেকেতরতর ঝওতম মল

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