electronic data interchange

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Electronic data interchange (EDI)

The direct exchange of information electronically, from one firm's computer to another firm's computer in a structured format.

Electronic Data Interchange

A strictly structured form of business-to-business communication. Electronic data interchange involves the transfer of formal documents, such as orders, invoices, and even checks. Companies provide EDI services to more than 80,000 clients, but the system receives significant competition from various services offered over the Internet.

electronic data interchange (EDI)

an interactive COMMUNICATION system which enables two firms to exchange business documents using standard electronic forms and COMPUTERS linked through a service provider e.g. electronic links between suppliers and retailers allowing purchase orders, packing lists, delivery notices, invoices and remittance advices, as well as self-billing by retailers. EDI is often a faster, cheaper and more reliable means of exchanging information than traditional paper-based exchanges. See INFORMATION MANAGEMENT, MASS CUSTOMIZATION.
References in periodicals archive ?
EDI, as stated earlier, was developed as a standard format (ANSI X12 or UN/EDIFACT) to allow software programs of one company to transmit information to another company's computers, which would be interpreted by another software program.
A key element of the eCo System framework is the Common Business Library (CBL), an extensible, public collection of generic BIDs and document templates that companies can customize and assemble to go online quickly.(1) CBL includes XML message templates for the basic business forms used in ANSI X12 EDI transactions, as well as those used in such emerging Internet specifications as Open Trading Protocol (OTP) and Open Buying on the Internet (OBI).
In an EDI environment, ANSI X12 Transaction/Data Set 856 (Ship Notice/Manifest) is used.
Indeed, ANSI X12, with an integrated National Council for Prescription Drug Programs pharmacy base, continues to move steadily toward acceptance.
The migration to the public ANSI X12 standard first occurred as a result of customer pressure.
In North America, virtually all organizations using EDI follow the ANSI X12 standards.
Information necessary to submit electronic claims via the ANSI X12 Standard is also provided on the invoice.
By integrating with B2BGateway's cloud-based EDI solution the NetSuite user can be compliant in all internationally recognized EDI standards and communication protocols such as EDIFACT, Eancom, Tradacoms, ANSI X12, oioUBL, PEPPOL, VAN, AS2, etc.
Adding that the nation must first adopt ANSI X12 v.5010 electronic transaction standards, which will take two years at least, Ignani recommended that the adoption of ICD-10 code sets take place in 2012 and cited a new study from the Global Business Practice of IBM (produced in conjunction with AHIP) as support.
Many also feel that adopting XML means repudiating the industry's long-standing effort to implement ANSI X12 EDI standards.
Finally, by following an EDI standard such as the ANSI X12 820 Payment Order & Remittance Advice, a complete remittance detail can be sent from a buyer to a seller.
This link will employ the ANSI X12 standard for electronic data interchange (EDI).