How electronic data interchange, Operation Management

Assignment Help:

Describe how Electronic Data Interchange (EDI) has helped transform Business to Business (B2B) operations. 

Business to business (B2B) operations refers to the way in which buyers and sellers trade with one another in a supply chain without dealing with the ultimate consumer. It thus includes manufacturers, wholesalers and retailers but not end customers.

 B2B operations have been transformed by technology and information systems containing Electronic Data Interchange (EDI). EDI is the structured transmission of data among organisations by electronic means. The technology permits a transfer of electronic documents or business data from single system to another and hence from single trading partner to another. 

The adoption of EDI has led to the use of consistent documentation and a faster exchange of paperwork when transacting business like purchase orders and invoices so saving time.  

 


Related Discussions:- How electronic data interchange

Priority sequencing, Priority Sequencing In sequencing jobs on machine...

Priority Sequencing In sequencing jobs on machines on one the process time of each job and their due dates of delivery are required. A priority rule is then decided upon in or

Describe strategic goal and plan evaluation, Strategic Plan For this ass...

Strategic Plan For this assignment, you will need to choose a company that you have familiarity with or knowledge of their corporate structure and strategies. You may choose to

Explain what sales would you predict for the first quarter, The following t...

The following table shows a tool and die company's quarterly sales for the current year. What sales would you predict for the first quarter of next year? Quarter relatives are SR1=

Explain multifactor productivity, The following table shows data on the ave...

The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $15, the overhead rate is 1.0 times labo

Explain eliminating the scrap, An operation has a 10% scrap rate. As a resu...

An operation has a 10% scrap rate. As a result, 72 pieces per hour are produced. What is the potential increase in labour productivity that could be achieved by eliminating the scr

Organizational values that are the company actually operates, Q 1: Without...

Q 1: Without knowing Gary Erickson's age, where would you guess he falls in the four generations of workers as delineated by Zemke? Q 2: Consider the terminal and instrumental

Routing procedure, Routing Procedure For a new product or part the rout...

Routing Procedure For a new product or part the routing procedure consists of seven principle steps: 1.The first step is to analyze the product or articles and fabricate int

Explain the three forms of ownership, Answer the following questions on the...

Answer the following questions on the Topic of Forms of Business Ownership 1. Describe the three forms of ownership. Describe two advantages and two disadvantages of each. 2.

Explain what is the annual ordering cost, If annual demand is 24,000 units,...

If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50, what is the annual ordering cost?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd