How electronic data interchange, Operation Management

Assignment Help:

Describe how Electronic Data Interchange (EDI) has helped transform Business to Business (B2B) operations. 

Business to business (B2B) operations refers to the way in which buyers and sellers trade with one another in a supply chain without dealing with the ultimate consumer. It thus includes manufacturers, wholesalers and retailers but not end customers.

 B2B operations have been transformed by technology and information systems containing Electronic Data Interchange (EDI). EDI is the structured transmission of data among organisations by electronic means. The technology permits a transfer of electronic documents or business data from single system to another and hence from single trading partner to another. 

The adoption of EDI has led to the use of consistent documentation and a faster exchange of paperwork when transacting business like purchase orders and invoices so saving time.  

 


Related Discussions:- How electronic data interchange

Explain skills in areas of general business such as finance, Knowledge and ...

Knowledge and skills in areas of general business such as finance, accounting, marketing, and operations planning relate to _______________________________ competencies

Explain what is the expected value with perfect information, ABC Company, a...

ABC Company, a soft-drink vendor, has created a table of payoffs for three stocking decisions for three different states of nature: States of nature (Demand) Alternatives He

Explain key aspects of operations management, 1- With respect to a firm's s...

1- With respect to a firm's supply chain design, what are some key challenges in terms of achieving an optimal level of mass customization? 2 - Articulate key aspects of operati

How understanding of consumer behaviour helped groupon grow, How has an und...

How has an understanding of consumer behaviour helped Groupon grow from 400 subscribers in Chicago in 2008 to 60 million subscribers in 40 countries today? What is the Groupon Prom

Operations management , #question: mass customisation and rapid product dev...

#question: mass customisation and rapid product development can be regarded as current trends in morden manufacturing operations. explain each of these and discuss the relationship

Define skills needed in order to succeed as systems analyst, Discuss the ty...

Discuss the types of skills needed in order to succeed as a systems analyst

Explain why is exporting the popular initial entry method, Why is exporting...

Why is exporting the most popular initial entry method?

Compute the expected monetary value, Superior Products Inc. is considering ...

Superior Products Inc. is considering two potential equipment alternatives for production of their best selling product line. Option 1 involves proven equipment: Fixed cost investm

Explain benefits and variable pay, Benefits and Variable Pay Please respond...

Benefits and Variable Pay Please respond to the following- • Analyze the types of benefits usually available in the health care industry and determine which benefits are most im

Define what are the major options for appraisal of employees, What are the ...

What are the major options for appraisal of employees? Discuss each option, identifying the one that you think is best and why you chose that option

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd