Electronic Data Interchange : Electronic Data Interchange GROUP-7
SUDHIR Electronic Data Interchange (EDI) : Electronic Data Interchange (EDI) Definition : EDI
EDI is defined as the inter process communication (computer application to computer application) of business information in a standardized electronic form. EDI Basics : EDI Basics Interesting Info : Interesting Info Cisco reportedly ship 45 per cent of their products "without being touched by human hands" save around $ 550 million a year as a result of transferring most of their business to the net. EDI in action : EDI in action BUYER’S COMPUTER SELLER’S COMPUTER PO PO CONFIRMATION TRANSPORT COMPANY BOOKING REQUEST BOOKING CONFIRMATION ADVANCE SHIP NOTICE STATUS RECEIPT ADVICE INVOICE PAYMENT Advantages of EDI : Advantages of EDI Companies use EDI to exchange information for a variety of different reasons, mainly increased efficiency and cost savings.
For example, EDI allows business transactions to occur in less time and with fewer errors than do traditional, paper-based means.
It reduces the amount of inventory companies must invest in by closely tying manufacturing to actual demand, allowing for just-in-time delivery. By doing away with paper forms, Slide 7: EDI also reduces postage costs and the expenses and space considerations involved in paper-based record storage.
Some companies have seen dramatic improvements in their business processes, such as the shortening of delivery times from days to hours.
However, other EDI users have continued to experience snags. In Planet IT, Procter & Gamble, a leading packaged goods manufacturer, reported that it found errors in more than 30 percent of its electronic orders, although these were mainly due to human mistakes. Slide 8: Although many companies don't view EDI as a strategic weapon, it certainly can be used as one.
Having the capability to engage in EDI is a marketing tool, because it makes suppliers attractive to retailers and other companies who buy goods and services.
In a situation where several suppliers offer similar products, being EDI-enabled can be an important differential.. Slide 9: EDI also can be used to form alliances between companies that provide advantages over competitors in several ways, including the ability to offer the lowest market prices and the best customer service. Such alliances also can lead to newer or more innovative services. EDI in India - Chennai Customs : EDI in India - Chennai Customs The Requirement
New network infrastructure connecting 23 locations in India
24*7 operations with High availability as a mission critical operation for Servers, Application and Leased Line
http://www.chennaicustoms.gov.in/ediimpo/edi.htm EDI in India - Chennai Customs : EDI in India - Chennai Customs The Implementer
Wipro managed a complete end-to-end project involving
enterprise management through tight program management methodologies. VANS : VANS A VAN is a communications network that typically exchanges EDI messages among trading partners.
Other services provided are
holding messages in “electronic mailboxes”
interacting with other VANs
supporting many telecommunications modes and transfer protocols Some major VAN operators’ worldwide are : Some major VAN operators’ worldwide are AT&T
IBM CASE STUDY : Sahara Life Insurance : CASE STUDY : Sahara Life Insurance The companySahara Life Insurance is Sahara India Parivar's venture. Launched with an initial paid-up capital of Rs 157 crore
To cut down on Paper Work in the company
To cut down processing time
To record every incoming paper from policy holders CASE STUDY : Sahara Life Insurance : CASE STUDY : Sahara Life Insurance Requirements:
Automate document validation and workflow throughout the organisation
Vendor had to provide the right solution in a short period of time
Newgen Software Technologies Slide 16: Three Part Solution
OmniCapture for scanning documents,
OmniDocs for document management, and
OmniFlow to manage automated workflow CASE STUDY : Sahara Life Insurance : CASE STUDY : Sahara Life Insurance The benefitsProcessing time of a policy down to three days instead of the 15 days through traditional methods. THANK YOU : THANK YOU