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Electronic Data Interchange (EDI)

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Information technology is simple the processing of data via computer uses of technologies from computing, electronics, and telecommunications to process and distribute information in digital and other forms. However, in recent decades, technology has assumed greater importance in the services sector facilitating growth by offering service firms important competitive leverage (Metcalfe and Miles, 2000). Technological innovation in services is often based on the adoption of information and communication technology (ICT) and is strongly associated with higher levels of productivity in firms (Cainelli et al., 2004).
Therefore, innovation enable by information technology (IT), are creating new ways for firms to manage their operation. The use of IT has received significant attention in the supply chain context. Such as involve the flows of …show more content…

Electronic Data Interchange (EDI)
The flow begins from supplier to manufacturer using the EDI to transfers the information. EDI (Electronic Data Interchange) is use of computer and telecommunication technology to move data between or within organization in a structured, computer retrievable data format that permit information to be transferred from computer program in one location to a computer program in another location without manual intervention.
Successful implementation and application of EDI offers few advantages. According to Sokol (1995), benefits of EDI include the ability to improve certain business services significantly, increase in productivity and enabling faster and more efficient information exchange with trading partners. Application of EDI also leads to reduced lead-time from placing the order to receiving the goods for manufacturing and retail firms, reduces errors associated with manual documents and data entry, greater sharing of information and greater tracking of market data (Greenstein et al, 2000).
Figure 1 : EDI

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