Q50899 What are the Features of EDI?

Best for IACT Ecommerce Solved Assignment and others

Answer:

The EDI process provides many benefits. Computer-to-computer exchange of information is much less expensive than handling paper documents. Studies have shown that manually processing a paper-based order can cost more than Rs. 4000/- or more while processing an EDI order costs less than Rs 100/- . This also means that much less labor time is required and fewer errors occur because computer systems process the documents rather than processing by hand. This results into faster flow of business transactions. More over if we compare with traditional system based on papers than paper purchase orders can take up to 10 days from the time the buyer prepares the order to when the supplier ships it while EDI orders can take as
little as one day.

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