Electronic Data Interchange
Electronic Data Interchange (EDI)
Electronic Data Interchange (EDI) /ɪˈlɛktrɒnɪk deɪtə ˈɪntərˌtʃeɪndʒ/ is the concept of businesses electronically communicating information that was traditionally communicated on paper, such as purchase orders and invoices.
Etymology
The term "Electronic Data Interchange" was first used in the late 1960s, with the development of electronic communication methods. The term is derived from the English words "electronic" (pertaining to electronics or devices, systems, or techniques using or concerned with electricity), "data" (facts and statistics collected together for reference or analysis), and "interchange" (an exchange of information).
Definition
Electronic Data Interchange (EDI) is the structured transmission of data between organizations by electronic means. It is used to transfer electronic documents or business data from one computer system to another computer system, i.e. from one trading partner to another trading partner without human intervention.
Related Terms
- Business-to-Business (B2B): Refers to commerce between two businesses rather than to commerce between a business and an individual consumer.
- Electronic Document: A type of document that is stored in a format that a computer can process.
- Trading Partner: An entity with which an organization has a business relationship involving the exchange of goods or services.
- Invoice: A commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer.
- Purchase Order: A commercial document and first official offer issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
External links
- Medical encyclopedia article on Electronic Data Interchange
- Wikipedia's article - Electronic Data Interchange
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