Which industries were the first to establish standard EDI transaction sets? Do you feel these industries felt it was important/benefical to implement these procedures?© BrainMass Inc. brainmass.com October 1, 2020, 6:51 pm ad1c9bdddf
EDI - Electronic Data Interchange
Which industries were the first to establish standard EDI transaction sets? Do you feel these industries felt it was important /beneficial to implement these procedures?
Since the onset of the computer age, experts have predicted the arrival of the Electronic data interchange (EDI) Electronic data interchange (EDI)--EDI is the electronic transfer of business information in a structured format from one computer to another. It is a high-speed method of electronically communicating large volumes of data without the use of paper.
In 1975 the transportation industry became the first sector to replace paper transactions with EDI. Since 1987 EDI expenditures have grown 20 to 30 percent annually. EDI is now a $2 billion industry. E-Commerce for the transport industry revolves around the physical movement of goods. Expansion of EDI may mean the next level of automation is needed, while keeping head counts constant. Most dispatch systems now have EDI capabilities so the cost of EDI has fallen.
In today's business environment, intense competition is forcing businesses to look at new ways of operating. Leaders are constantly looking for new methods that will allow their business to do things faster, cheaper, and better than before. EDI systems have proven themselves to be much more efficient and accurate than paper systems, giving companies a competitive edge. Research indicates that the ...
The expert examines industries establishing standard EDI transaction sets. Tutorial is 864 words, no references.