The transmission of strictly formatted data between trading partners by electronic means without human intervention. When a buyer sends an electronic purchase order to their supplier and the supplier fulfils the order and generates an invoice, which is paid by the client electronically, the process is enabled by electronic data interchange [EDI]. See also e-Commerce.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
