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Electronic data interchange: where are we today?
Electronic Data Interchange is described by Monczka and Carter as the direct electronic transmission, computer to computer, of standard business forms between two organizations. In the purchasing environment, documents are transmitted "over the wire," eliminating the need to generate hard copies and to distribute them manually.
By utilizing EDI in purchasing, a buyer and a supplier are operating in a near 'real-time' environment, which can reduce incoming material delays by shortening procurement lead times. This allows both the buyer and the supplier to become more market reactive, thereby strengthening their competitive position.
Electronic Data Interchange ...
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