scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 891
Without doubt EDI can create a significant impact to organizations These can generally be classified into strategic operational and opportunity benefits and will vary in emphasis across different organisations depending on why and how EDI has been implemented Initial EDI applications have concentrated on corporate efficiency by improving data flow and error reduction In these instances the business case for EDI was based primarily on direct cost savings With EDI businesses can eliminate the need to re-enter data from paper documents and thus prevent clerical errors equivalent In addition EDI can reduce the need for personnel involved in orders and accounts processing EDI systems can also shorten the lead time between receipt and fulfillment of orders When scheduling information is transmitted with ordering data companies can plan production more accurately and thus reduce stock inventories resulting in major savings Use of EDI to transmit invoice data and payments can improve a companys cash flow and may increase the amount of working capital as accounts can be dealt with more efficiently Trading information obtained from historical data built up from EDI transactions is an invaluable source of market research and strategic planning information The process of working with trading partners to implement EDI can also result in the benefit of closer working relationships with trading partners It has now become apparent that the greatest value of EDI will emerge in strategic areas such as the provision of better levels of customer service and improved marketing competitiveness EDI Capabilitiescontinued Strategic benefits include Faster trading cycle Ability to adopt new business processes such as Just-in-Time manufacturing techniques Ability to win new business or retain existing customers leading to improvements in business efficiency Ability to respond to highly competitive new market entrants Operational benefits include Reduced costs - paper and postage bills cut - reduction in money tied
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA