Department of Energy Contractor Electronic Data Interchange Form

Instructions and help about Department Of Energy Contractor Electronic Data Interchange

to manage orders and pay vendors on time large retailers use electronic data interchange EDI helps maximize efficiency and minimize errors communication systems have always been the key to successful commerce from LAN convoys and relay stations on horseback to trade routes and light towers at sea to Telegraph's and railways been to telex and telephone by the mid-1960s some large companies began using proprietary linked computer systems to exchange invoices with each step in this evolution trading partners expanded their opportunities and increase their potential for profits by the early 1980s the American National Standards Institute published its x12 standards for electronic data interchange EDI the standard commonly used in north america in europe a similar initiative resulted in a european standard called EDD effect EDI improves feed accuracy and security and trade communication however nearly 1/3 of businesses in north america may be unaware of EDI and could benefit greatly from ad