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Importance of Electronic Data Exchange PowerPoint PPT Presentation


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Customers in an electronic trading environment can easily reduce manual and administrative work with the help of EDI. Because of EDI, the net result is higher productivity and increased profits.

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Importance of Electronic Data Exchange

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Importance of electronic data exchange

Blog1: Datatrans-inc.com

Importance of Electronic Data Exchange

Customers in an electronic trading environment can easily reduce manual and administrative work with

the help of EDI. Because of EDI, the net result is higher productivity and increased profits. Therefore, it is

understandable why more and more small entrepreneurs are choosing electronic data exchange

services for their business processes.

Here is explaining why the concept of Electronic data exchange has become so popular. There are few

important points to know

Elimination Of Re-Keying: Automated processing does away with standard keying of vital business

documents such as orders, quotations, invoices, acknowledgments and dispatch notes. This affects in

reduced labor costs, quicker processing, elimination of human errors and faster retrieval of documents.

Fulfilling Paperless Work: This is in line with the general call of being eco-friendly. You can save the

costs of printing, stationery, and storage of documents.

Reduced Lead Time: Electronic trading documents go much faster than paper documents, which greatly

reduce the lead time. Another benefit of EDI is that entrepreneurs can get shipping notes can plan

inventory much in advance for future orders. Hence, companies can plan their production and stock

levels accordingly.

Assuring High-Quality Work: Electronically traded documents are much more readable than faxed

documents. Electronic documents are provided in batches and sequentially numbered allowing quick

retrieval in case of loss or misplacement.

Provides Competitive Edge: You are one up in your customers' eyes if you are using electronic data

exchange in your business dealings. Spontaneously you will be seen as a cost-effective and a profitable

trader. This is because you are using less of human resources to process the orders, deliveries, and

payments.

Because of the whole sole reason, business houses prefer EDI so much.


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