Benefits of using electronic data interchange
i. Remove document re-keying
By removing the manual keying of Key business documents such as orders, invoices acknowledgments and dispatch notes your company can benefit significantly by:
- Reduced labour costs
- Elimination of human keying errors
- Faster document processing
- Instant' document retrieval
- Remove reliance on the postal service
ii. Eliminate Paper
Paper-based trading relationships have some inherent disadvantages when compared with their electronic trading equivalents'/which include:
- Stationery and printer consumable costs
-Document storage costs.
- Lost documents
- Postage costs
iii. Reduce lead times and stock holding
- Electronic trading documents can be delivered far more quickly than their paper counterparts, thus the turnaround time from order to delivery can be reduced
- By using EDI for forecasting and planning, companies are able to get forward, warning of likely orders and to plan their production and stock levels accordingly.
- Companies receiving advanced shipping notes or acknowledgments know in advance what is actually going to be delivered, and are made aware of shortages so alternate supplies can be sourced.
- Integrating electronic documents means they can be processed much faster, again reducing lead times and speeding up payments.
iv. Increase quality of the trading relationship
- Electronic trading documents when printed are much easier to .read than copies, faxed or generated on multi-part stationery by impact printers.
- Accurate documents help ensure accurate supplies.
marto answered the question on February 5, 2019 at 08:43
- Outline four benefits of e-mailing memos in an organization. (Solved)
Outline four benefits of e-mailing memos in an organization.
Date posted: February 5, 2019. Answers (1)
- Charles Owino wishes to send a parcel to George Kala in Mombasa by registered post and has approached you for advice. Advice Charles Owino on...(Solved)
Charles Owino wishes to send a parcel to George Kala in Mombasa by registered post and has approached you for advice. Advice Charles Owino on the conditions of acceptance of a parcel for registered post.
Date posted: February 5, 2019. Answers (1)
- Discuss four methods of filling that could be used in an enterprise.(Solved)
Discuss four methods of filling that could be used in an enterprise.
Date posted: February 5, 2019. Answers (1)
- Meetings can be useful means of group communication .Explain the procedure observed to ensure the success of a meeting(Solved)
Meetings can be useful means of group communication .Explain the procedure observed to ensure the success of a meeting
Date posted: February 5, 2019. Answers (1)
- Briefly explain when it is best to use each of the following conference seating plans:
i) Theater style
ii) U shape style
iii) Classroom style
...(Solved)
Briefly explain when it is best to use each of the following conference seating plans:
i) Theater style
ii) U shape style
iii) Classroom style
iv) Boardroom style
Date posted: February 5, 2019. Answers (1)
- Jane Akinyi has been requested by her line manager to make an oral presentation on the proposed good governance in business performance during the company’s...(Solved)
Jane Akinyi has been requested by her line manager to make an oral presentation on the proposed good governance in business performance during the company’s annual general meeting. Summarize the factors that Jane Akinyi should consider when planning for each of the following stages of oral presentation. a) Preparation stage
b) Delivery stage
c) Follow-up stage
Date posted: February 5, 2019. Answers (1)
- Explain four characteristics of an effective speech (Solved)
Explain four characteristics of an effective speech
Date posted: February 5, 2019. Answers (1)
- Explain the term “persuasive communication” (Solved)
Explain the term “persuasive communication”
Date posted: February 5, 2019. Answers (1)
- Identify six factors that an entrepreneur should consider to make audio visual communication effective (Solved)
Identify six factors that an entrepreneur should consider to make audio visual communication effective
Date posted: February 5, 2019. Answers (1)
- Highlight eight characteristics of an effective speech. (Solved)
Highlight eight characteristics of an effective speech.
Date posted: February 5, 2019. Answers (1)
- Define the following types of interviews:
i) Structured
ii) Panel
(Solved)
Define the following types of interviews:
i) Structured
ii) Panel
Date posted: February 5, 2019. Answers (1)
- Summarize five advantages of selecting telephone communication as the mode of transmitting messages in an organization.(Solved)
Summarize five advantages of selecting telephone communication as the mode of transmitting messages in an organization.
Date posted: February 5, 2019. Answers (1)
- Outline eight barriers of effective listening skill.(Solved)
Outline eight barriers of effective listening skill.
Date posted: February 5, 2019. Answers (1)
- Describe six types of listening skills.(Solved)
Describe six types of listening skills.
Date posted: February 5, 2019. Answers (1)
- State the advantages and disadvantages of Conducting exit interview (Solved)
State the advantages and disadvantages of Conducting exit interview
Date posted: February 5, 2019. Answers (1)
- State the advantages and disadvantages of:
a) Open ended questions during an interview
b) Conducting exit interview (Solved)
State the advantages and disadvantages of:
a) Open ended questions during an interview
b) Conducting exit interview
Date posted: February 5, 2019. Answers (1)
- Describe the basic techniques of conducting an interview(Solved)
Describe the basic techniques of conducting an interview
Date posted: February 5, 2019. Answers (1)
- Explain the principles of effective use of visual aids in a presentation.(Solved)
Explain the principles of effective use of visual aids in a presentation.
Date posted: February 5, 2019. Answers (1)
- You recently attended an interview for a job.
i) State five reasons why you might send a thank you message to the interviewer.
ii) Explain how...(Solved)
You recently attended an interview for a job.
i) State five reasons why you might send a thank you message to the interviewer.
ii) Explain how you would decide which communication medium to use for your thank you message
iii) Highlight the circumstances under which an interviewee would write a letter of inquiry following a job interview
Date posted: February 5, 2019. Answers (1)
- The first stage of a job interview is the warm up. Justify why this could be the most important stage of the interview.(Solved)
The first stage of a job interview is the warm up. Justify why this could be the most important stage of the interview.
Date posted: February 5, 2019. Answers (1)