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Electronic data interchange

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15 October 2013 can u please explain this shortly

15 October 2013 Electronic data interchange (EDI) is the
software or system used by companies to
exchange information, files and
documents. EDI has replaced the fax
machine and mailing list when it comes
to information sharing. Using EDI,
sharing of data is much quicker and cost
effective.

15 October 2013 An EDI message contains a string of data
elements, each of which represents a singular
fact, such as a price, product model number, and
so forth, separated by delimiter . The entire string
is called a data segment . One or more data
segments framed by a header and trailer form a
transaction set, which is the EDI unit of
transmission (equivalent to a message ). A
transaction set often consists of what would
usually be contained in a typical business
document or form. The parties who exchange EDI
transmissions are referred to as trading partners .




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