What is EDI?
Electronic Data Interchange or EDI is the virtual exchange of data or business documents in electronic format between trading partners. This exchange of documents is generally between buyer and supplier and consists of transferring purchase orders, invoices, payments, shipping notices and various other documents and by its nature eliminates paper trails, improves operational efficiency and enhances virtual exchanges with new trading partners.
With EDI, any company can virtually interact with another organisation anywhere in the world without the hassle of waiting times and future forecasting procedures.
How does EDI work?
EDI replaces the manual processes involved in ordering and distribution, creating seamless electronic trading between both buyer and supplier.
EDI eliminates waiting times associated with manual processing, provides users with real-time product and stock level information, creates benchmarks for future sales forecasting and reduces overheads by creating an efficient business process.
Benefits of connecting to the ITE
Trade locally and internationally
The ITE opens the door to new trading opportunities locally and internationally.
Fewer errors in processing and the ability to manage your data in a central location.
Exchange information in minutes, not days.
Regain control of your supply chain with automated procurement processes.
Reduced transactional errors
No manual handling of data and error-prone human intervention.
Improved trading relationships
Shorter turnaround times leads to happier trading partners.
ITE decreases reliance on the use of paper and mailing services and reduces the time taken for delivery.