Short-Term Financial Management Text and Cases

606.;xvii.;24 c

Electronic Data Interchange: A Definition and Perspective

Introduction In most firms, a significant effort is spent communicating with other firms. The information exchange pertains to such matters as requests for quote, bids, purchase orders, order confirmations, shipping documents, invoices, and payment information. A recent survey showed that almost 80% of the documents transacted between firms use paper as the medium to carry the information. Electronic Data Interchange (EDI) promises to replace paper with electronic communications. Its impact on firms can be significant: Information can move faster with greater accuracy; overhead costs may be reduced; inventories can be lowered; and customer relationships can be strengthened. What is EDI? How does it differ from other forms of electronic messaging? What is the technology that makes EDI possible? These are the kinds of questions we wish to explore in this introductory paper. A Perspective of EDI Before defining EDI, it is useful to develop a perspective with wh

Short-term financial management : text and cases

Indeks Bibl. : Tiap Babxvii, 606 hlm. : il. ; 23 cm