What is Electronic Data Interchange (EDI)? Explain its salient features.

Electronic Data Interchange (EDI) is an Internet service provided for making commerce electronically known as e-commerce. It allows computer exchange of standard items like invoice, bills, orders, bank transfer etc. Features of EDI are:-

1. It reduces inventory costs

2. It displays information globally

3. Connects customer and seller at long distances

4. It automates the transaction process

5. It saves time, cost and energy

6. It transmits structured messages and provides strategic benefits.

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