electronic data interchange
/ɛlɛktrɒnik dætə ˈɪntərˌtʃeɪndʒ/ · e-lec-tron-ic da-ta in-ter-change
noun
- A system for exchanging business documents, such as purchase orders and invoices, electronically between organizations. The company implemented an electronic data interchange system to streamline its supply chain management.
noun
- The process of exchanging electronic data between organizations, often using standardized formats and protocols. The electronic data interchange process involves several steps, including data formatting, transmission, and validation.
noun
- A set of rules and standards for exchanging electronic data between organizations, often used in business-to-business transactions. The company adhered to the electronic data interchange standards set by the industry association.
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Did you know? Electronic data interchange has been used in various industries, including finance, healthcare, and logistics, to improve efficiency and reduce errors in business transactions.